Official: Obama to back more business tax breaks (AP)
AP – President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November [...]
Norway man pleads not guilty to terror financing (AP)
AP – A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway’s 2002 terror financing law.
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Obama unveils huge jobs and infrastructure plan (AFP)
AFP – US President Barack Obama unveiled plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.
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Report: Van der Sloot concedes extorting Holloways (AP)
AP – The Dutchman charged with killing a 21-year-old Peruvian woman and suspected in the disappearance of U.S. teenager Natalee Holloway has acknowledged extorting money from Holloway’s parents and says he did it to get back at them.
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IMF’s Lipsky says moderate world recovery underway (Reuters)
Reuters – The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF’s First Managing Director, John Lipsky, said on Sunday.
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Trichet calls for united EU at the IMF (AFP)
AFP – European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.
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Japan Noda warns on yen, suggests joint steps difficult (Reuters)
Reuters – Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen’s rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
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EU reaches deal on cross-border financial supervisors (AFP)
AFP – Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a “crucial milestone” in efforts to reform a sector blamed for the global recession.
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Obama: New jobs numbers ‘positive’ but not enough (AP)
AP – President Barack Obama welcomed news Friday of better-than-expected private sector job growth. But with the unemployment rate ticking upward nevertheless, he said he’d roll out new plans next week to spur the economy.
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Swedish bank Carnegie buys troubled competitor (AP)
AP – Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.
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