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BIR collections topped June target
Published July 5, 2009, 11:57 pm, Manila Standard Today
Collections of the Bureau of Internal Revenue inched up 3.5 percent in June as the tax agency stepped up efforts to instill fear among taxpayers by shutting down erring business establishments.
Alistair Darling refuses to rule out public sector pay freeze
Published July 5, 2009, 11:37 pm, Daily Telegraph
Alistair Darling has refused to rule out a pay freeze for the public sector as he warned that they could face some of the pain already felt by private workers during the recession.
Recovery Hopes Shaken By Weak Data
Published July 5, 2009, 11:28 pm, INO News
(RTTNews) - The recovery hopes hit a snag after some disappointing readings clouded the economic outlook further in the past week. Consumers are apprehensive and job market is nowhere near where we can call it comforting, with rising oil prices apparently keeping them at bay.
GM Wins Approval to Sell Most Assets to U.S. Treasury (Update2)
Published July 5, 2009, 11:28 pm, Bloomberg
July 6 (Bloomberg) -- General Motors Corp. won approval to sell most of its assets to a U.S. Treasury-funded buyer, cementing the Obama administration’s efforts to remake the auto industry and leaving restructuring professionals with several years of work to liquidate the leftovers.
Clearing the way for 'new GM'
Published July 5, 2009, 10:56 pm, Sydney Morning Herald
General Motors won approval to sell most of its assets to a US Treasury-funded buyer, cementing the Obama administration's efforts to remake the auto industry.
Mortgage forgiveness may be next
Published July 5, 2009, 10:22 pm, Lincoln Journal Star
Government and private-lender attempts to stem the home foreclosure crisis so far have mostly focused on loan modifications or refinancing — giving borrowers a temporary or permanent reduction in their monthly payments.
Saudi banks' profits hit SR14.2bn in five months
Published July 5, 2009, 10:21 pm, Zawya
06 July 2009 Saudi Arabia's banks netted about SR14.2 billion (Dh13.9bn) in profits in the first five months of 2009 despite a sharp slowdown in their domestic credits due to slackening domestic demand and their focus on foreign markets.
UK aims to make London center for Islamic finance
Published July 5, 2009, 10:07 pm, Zawya
06 July 2009 The UK government remains committed to Islamic finance and will continue to work with other authorities and with industry to establish and maintain the UK as a global gateway to Islamic finance, said Sarah McCarthy-Fry, exchequer secretary to the UK Treasury in London last week.
Budget simplified!
Published July 5, 2009, 9:55 pm, rediff.com
Here is a financial glossary of words and phrases linked to the budgetary exercise to help you manoeuvre your way through the maze that is the Budget.
International Forecaster July 2009 (#1) - Gold, Silver, Economy + More
Published July 5, 2009, 9:36 pm, GoldSeek.com
The following are some snippets from the most recent issue of the International Forecaster. For the full 23 page issue, please see subscription information below.
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