It’s The Taxes Hikes, Not The Spending Cuts, That Weigh On Growth – Forbes It's The Taxes Hikes, Not The Spending Cuts, That Weigh On GrowthForbesAlthough sequestration's spending cuts grab headlines, the tax hikes are having greater fiscal effect. Unlike the much-mentioned March 1, sequester, the tax hikes began January 1, and are permanent. The [...]
ABN AMRO cuts 400 jobs as prepares for eventual sale AMSTERDAM (Reuters) – State-owned Dutch bank ABN AMRO is to cut 400 jobs, about 2 percent of its workforce, as it prepares for an eventual sale. The bank, which on Friday posted first-quarter results hit by bad loans in its home market, said the cuts [...]
Thousands of Israelis protest proposed budget that raises taxes, cuts benefits – Washington Post Washington Post Thousands of Israelis protest proposed budget that raises taxes, cuts benefitsWashington PostThe proposed budget hits that demographic deep in their pockets with raised taxes and slashed benefits. Some voters feel betrayed as it appears contrary to a central part [...]
Ineos completes loan refinancing: cuts cov-lite pricing, adds extra .1bn – Euroweek.com (registration) Ineos completes loan refinancing: cuts cov-lite pricing, adds extra $ 1.1bnEuroweek.com (registration)Ineos, the Swiss-domiciled chemicals firm, has refinanced its loan facilities, repricing its existing covenant-lite deals and raising new term loans totalling almost $ 1.1bn to repay its 2015 high yield bonds. [...]
Lapid justifies taxes, budget cuts as ‘right thing to do’ – Jerusalem Post The Times of Israel Lapid justifies taxes, budget cuts as 'right thing to do'Jerusalem PostFinance Minister Yair Lapid conceded on Wednesday that the bevy of taxes and cuts in his budget proposal were a blow to the middle class and the working [...]
Glencore woos investors with promise of aggressive cuts By Clara Ferreira-Marques LONDON (Reuters) – Glencore Xstrata told investors on Friday it would return excess cash, slash costs and might sell unwanted assets, raising expectations it would easily exceed planned synergies of $ 500 million from the deal that created the new group. Unveiling a management [...]
EU sees deeper euro zone recession in 2013, slower deficit cuts By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years. France, Spain, Italy [...]
Federal Reserve keeps stimulus, says taxes and cuts have hurt economy – Denver Post Federal Reserve keeps stimulus, says taxes and cuts have hurt economyDenver PostThe Fed's statement signaled its concern about a Social Security tax increase, which took effect Jan. 1, and deep government spending cuts, which began taking effect March 1. The across-the-board [...]
Fed keeps stimulus, says taxes and cuts have hurt – Boston Globe News 12 New Jersey Fed keeps stimulus, says taxes and cuts have hurtBoston GlobeBut it sent its clearest signal to date that tax increases and spending cuts that kicked in this year are slowing the economy. ''Fiscal policy is restraining economic growth,'' the [...]
Fed keeps stimulus, says taxes and cuts have hurt – Salt Lake Tribune News 12 New Jersey Fed keeps stimulus, says taxes and cuts have hurtSalt Lake TribuneThe Fed's statement signaled its concern about a Social Security tax increase, which took effect Jan. 1, and deep government spending cuts, which began taking effect March 1. [...]