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IRS: Late tax fix delays refunds
28 Dec 2007 source: iii.co.uk

WASHINGTON (AP) - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. Congress put a one-year freeze on growth of the alternative minimum tax last week, shielding many middle- and upper-middle income taxpayers from first exposure to the tax. But Congress' late action means the Int ...


Asian stocks mostly higher as credit worries ease - UPDATE
26 Dec 2007 source: iii.co.uk

MANILA (Thomson Financial) - Asian shares were mostly higher Wednesday as investors, returning from the Christmas holiday, were relieved that another major US investment bank was able to secure fresh capital to strengthen its balance sheet hurt by the credit turmoil. Fund managers were also tidying up positions as 2007 draws to a close, helping boost stock prices during the final trading days of  ...


Will your home sell in 2008?
26 Dec 2007 source: thisismoney.co.uk

Simon Lambert, This is Money26 December 2007 Pundits are predicting that 2008 will be the year when the party ends for rapidly rising house prices. Will your home sell in 2008? The experts say the year ahead could be tough for property WANT TO KNOW MORE? Should you believe the property doom? Empty houses outstrip new-homes targets Will there be a house price crash? Are property seminars a good bet? OTHER STORIES Earn money from falling house prices Is there going t ...


Tokyo shares sharply higher on Wall Street lead - UPDATE
25 Dec 2007 source: iii.co.uk

TOKYO (Thomson Financial) - Japanese shares were trading sharply higher Tuesday morning as investors cheered news that Merrill Lynch & Co, which is facing more mortgage-related writedowns in the fourth quarter, will receive up to 6.2 billion dollars in fresh funds. The news sent US stocks higher overnight with the Dow industrials gaining 0.7 percent. The investment bank said the fresh capital ...


US asset rescue scheme scrapped
24 Dec 2007 source: bbc.co.uk

A plan by US banks to help calm down rattled credit markets has been dropped weeks before it was due to launch. Citigroup, Bank of America and JPMorgan Chase said they had shelved the $75bn (£37bn) fund designed to buy debt of weakening value to avoid panic selling. The move comes after some banks, including Citigroup, launched their own rescues of investments soured by the US sub-prime mortgage fiasco. The U-turn did not surprise many analysts sceptical of the scheme. The banks said th ...


Rock boss shuns board rescue
24 Dec 2007 source: thisismoney.co.uk

Daily Mail24 December 2007, 9:28am Northern Rock chairman Bryan Sanderson is privately distancing himself from a mooted management backed bail-out bid for the stricken lender, which is currently locked in talks with two would-be buyers. WANT TO KNOW MORE? Share data: Northern Rock OTHER STORIES Retailers face pain after festive splurge Bank rate may be cut four times in 2008 Ma ...


Bank rate may be cut four times in 2008
24 Dec 2007 source: thisismoney.co.uk

Sean Poulter and Olinka Koster, Daily Mail24 December 2007, 8:44am Reader comments (1) | Vote Interest rates are likely to be cut four times next year as the Bank of England tries to counter weak growth in the economy, experts believe. WANT TO KNOW MORE? Has your mortgage rate fallen? King: 'Aggressive' rate cuts for 2008 Interest rates: News, advice, predictions Economic data POLL: Where will the UK bank rate be at the end of 2008? OTHER STORIES House prices fallin ...


Retailers face pain after festive splurge
24 Dec 2007 source: thisismoney.co.uk

Jim Armitage, Evening Standard24 December 2007, 9:05am This year's enormous post-Christmas sales will go down in retail history as the last major shopping splurge before consumers put a sharp brake on their spending. Trouble ahead: Retailers are staring down the barrel of a difficult year in 2008 WANT TO KNOW MORE? Tycoon eyes up Debenhams bid £11bn crisis fund to keep bank rates down 30 second guide to… profit forecasts Share tips from a financials expert O ...


London shares outlook - Firmer on Christmas Eve after strong gains Friday in NY ...
24 Dec 2007 source: iii.co.uk

LONDON (Thomson Financial) - Leading shares look set for opening gains on Christmas Eve after the long-awaited Santa rally finally arrived Friday with the DJIA posting a 200 point advance, although with just a half-day trading session and most dealers having already departed for the festive break overall gains are likely to be limited. Spread bettors IG Index expect the FTSE 100 index to open aro ...


Forex - Dollar little changed vs yen, euro ahead of US holiday retail sales data ...
24 Dec 2007 source: iii.co.uk

HONG KONG (Thomson Financial) - The dollar was little changed against the euro and yen in listless afternoon trade in Asia Monday ahead of the release of Christmas retail sales data, a key gauge of US economic performance. "Investors are focused on Christmas sales figures," said Mark Wan, chief analyst at Hang Seng Investment Services Ltd. "We have to wait until after the first wee ...

 

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