Statistics and reports in the US and Australia will deliver a wide range of assessments of how the respective economics are travelling. Of the two, the health of the US is more important because we will learn more about the slide in housing and the state of the country’s banking and finance sectors. Early reports on the start of the post Thanksgiving retail sales splurge will emerge during the …
Read More at Australasian Investment Review via Yahoo!7 Finance…
'Only 31% urban youth in the North fancy sports'
Even as cricket becomes a sport with the potential to make more money, sports as a career seems to have failed to lure a majority of urban youth. A study by the Associated Chambers of Commerce and Industry of India (Assocham) has found that a mere 31% from states like Delhi, Punjab, Haryana, Uttar Pradesh, Maharashtra and Tamil Nadu chose careers in sports. But most of them prefer to join high …
Read More at Indian Express Finance via Yahoo! India News…
Open sesame for China’s Web king
On the eve of Alibaba.com’s $1.7 billion stock offering - the biggest Internet IPO since Google went public in 2004 - friends of founder Jack Ma warned that he was in for a harrowing ordeal.
Officials want to make use of Dana building
Cape Girardeau city and economic development officials are working on a deal to finance the purchase of the Dana Corp. building, the 150,000-square-foot industrial building sitting idle as a result…
Read More at Southeast Missourian…
Shakers: Business personalities in the news
The deputy prime minister, Wu Yi, China’s top trade official, once described by the U.S. Treasury secretary, Henry Paulson Jr., as “a force of nature,” said that she would retire in March.
Read More at International Herald Tribune…
Helping Arlington grow is official’s specialty
By SALLY CLAUNCH ARLINGTON — Robert Sturns was hired by the city in February to head the city’s new in-house Economic Development Department. Since then, Sturns has been working on incentives for developers in several high-profile developments, including the Viridian project, a mixed-use community planned for far north Arlington, and plans to build warehouses where the Forum 303 Mall once …
Read More at Fort Worth Star-Telegram…
No justice for finance investors
Aggrieved investors hoping to get money out of collapsed finance companies through official legal action shouldn’t get too excited, says a leading insolvency lawyer.
Read More at The New Zealand Herald…
Business owners say they get a lot from chamber membership
Last week was testimonial time for Mooresville Chamber of Commerce members. The room was packed at the Mooresville Consolidated School Corp. Education Center, but chamber president Mark Chester gave every person a minute or so to speak his peace.
Read More at Mooresville/Decatur Times…
FICCI’s tax wish-list to Finance Ministry
With many Indian companies opening subsidiaries abroad, industry chamber FICCI on Sunday asked the Finance Ministry to frame tax policies in its proposed Direct Taxes Code in such a way that these firms are encouraged to repatriate their earnings into the country in the form of dividends or capital gains.
Officials are accepting applications from Berlin residents and town-based groups who want to rent the 1870 Town Hall on Woodward Avenue. Fees for using different venues in the hall vary, with the highest fee, $100, charged for private events on the second floor. Applications can be found at the municipal website, townofberlin.com. For more details, contact Evy Dueck at 978-838-2738. …
Ficci seeks lowering of corporate tax at 25%
The process of Budget 2008-09 has kicked-off with industry chambers bringing in their suggestions to the finance ministry. In a pre-Budget meeting with revenue secretary PV Bhide on Thursday, Federation of Indian Chambers of Commerce & Industry (Ficci) asked for a reduction in corporate tax and personal income tax rate to 25% and abolish dividend distribution tax and minimum alternative tax. The …
Read More at Indian Express Finance via Yahoo! India News…
Flaherty mulls budget relief for manufacturers
Finance Minister Jim Flaherty is considering bringing in measures to provide relief to Canada’s manufacturing industry, which is feeling the effects of the high dollar.
Flaherty mulls budget help for manufacturers
Finance Minister Jim Flaherty said Friday he may be preparing some relief for the country’s hard-hit manufacturing sector in the next federal budget.
Dollar dips on Flaherty comments
The Canadian dollar slipped against the U.S. dollar in thin trading on Friday, after Finance Minister Jim Flaherty acknowledged that the high Canadian dollar was causing pain in the manufacturing sector.
Read More at Reuters via Yahoo! News…
Save, don’t sulk, defiant Flaherty tells cities
Finance Minister urges ?grumpy’ mayors to spend less after facing sharp criticism for his reluctance to boost infrastructure funding
Read More at The Globe and Mail…
Draper man returns mistaken millions
There are probably a million ways Jerry Mika could spend $2 million dollars. Trouble is, he couldn’t cash the check. Expecting a $15 refund from the Utah Department of Commerce, the Draper man opened his mail recently to find a $2,245,342 check. “I kept trying to find a way to make it legitimate so I could cash it,” he said.
Read More at Provo Daily Herald…
India’s Weekly Inflation Drops To Five-Year Low
(RTTNews) - Friday, the Ministry of Commerce and Industry released the inflation data for the week ended November 10, 2007. As per statement, India’s inflation for the reported week dropped to a five-year low at 3.01%, compared to 3.11% in the previous week.
Textile sector may get relief package soon
The demand of the textile industry regarding sops and incentives could get favourable consideration shortly. A note from the secretary of finance, containing the size of the relief package, is already with the government awaiting approval.
Read More at Business Standard India…
FinMin says no to relief package for exporters
Finance Minister P Chidambaram has so far given three packages to exporters aggregating Rs 5,200 crore (Rs 52 billion) as the $160 billion export target for 2007-08 appears difficult to meet. He has expressed hope that exports target would be met. Palanimanickam said government was already providing 100 per cent tax benefits on profit on exports apart from indirect tax incentives.
Flaherty says pleased to see C$ lower
OSHAWA, Ontario (Reuters) - Finance Minister Jim Flaherty said on Friday he was pleased to see the Canadian dollar back at what he called a more reasonable range after a spell where it rose as high as US$1.10.
Read More at The Globe and Mail…
China travel, entrepreneurship, finance, outsourcing bible
Is China’s economy and development sustainable? What is behind rising China? Are the Chinese going to dominate world finance, trade, outsourcing, commerce, technology, investment, labor, politics in this century? Talk to leading thinker George Zhibin Gu.
Ficci seeks lowering of corporate tax at 25%
The process of Budget 2008-09 has kicked-off with industry chambers bringing in their suggestions to the finance ministry. In a pre-Budget meeting with revenue secretary PV Bhide on Thursday, Federation of Indian Chambers of Commerce & Industry (Ficci) asked for a reduction in corporate tax and personal income tax rate to 25% and abolish dividend distribution tax and minimum alternative tax. The …
Read More at Indian Express via Yahoo! India News…
New Zealand’s Commerce Commission has filed legal proceedings against Richard Pratt’s company Visy Board.
Read More at Australian Broadcasting Corporation…
Quebec’s finance minister to revamp province’s accounting practises
QUEBEC - Finance Minister Monique Jerome-Forget says Quebec’s accounting practices will undergo sweeping reforms that will give taxpayers a more accurate picture of the province’s finances.
Until a few weeks ago, this looked like a banner year for technology stocks. In the fall, the initial public offering of software-maker VMware, rose 80 percent within the first few hours of trading. In October, Microsoft bought a 1.6 percent stake in social-networking site Facebook for $240 million.
When the wind comes sweeping down the plains … a lot of money could be made
Oklahoma could potentially supply energy for the rest of the country if the government begins requiring more alternative energy sources throughout the nation, an Oklahoma Department of Commerce official said Tuesday.
Read More at The Norman Transcript…
Botswana: Exporters Ask for Trade Finance Facility
Botswana has been urged to refocus its energy on microeconomics in a bid to shore up the declining rate of industrialisation in the country.
A Bee Exclusive: Secrecy ends for travel donors
Gov. Arnold Schwarzenegger can no longer plead ignorance about which corporate contributors finance his trade jaunts overseas.
Read More at The Sacramento Bee…
The Marina Chamber of Commerce is looking for people who would like to serve on its board of directors for 2008.
Read More at The Salinas Californian…
Director’s Discharge Without Conviction Overturned
The Commerce Commission has been successful in overturning the discharge without conviction of Naresh Shukla, Director of 230 Marua Limited, a leather furniture company.
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