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“Fiscal cliff” moves to House, timing and outcome uncertain

January 1st, 2013 admin Posted in Negocios No Comments »

WASHINGTON (Reuters) – Washington’s last-minute scramble to step back from a recession-inducing "fiscal cliff" shifted to the Republican-controlled House of Representatives on Tuesday after the Senate approved a bipartisan deal to avoid steep tax hikes and spending cuts. In a rare late-night show of unity, the Senate voted 89 to 8 to raise some taxes on the wealthy while keeping income taxes low on more moderate income voters. The bill’s prospects were less certain in the House, where a vote had not yet been scheduled. . . .

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Senate approves ‘fiscal cliff’ deal, crisis eased

January 1st, 2013 admin Posted in Negocios No Comments »

WASHINGTON (Reuters) – The Senate moved the U. S. economy back from the edge of a "fiscal cliff" on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives. In a rare New Year’s session at around 2 a. m. EST (0700 GMT), senators voted 89-8 to raise some taxes on the wealthy while making permanent low tax rates on the middle class that have been in place for a decade. But the measure did little to rein in huge annual budget deficits that have helped push the U. S. debt to $16. 4 trillion. . . .

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Senate to vote on “fiscal cliff” deal as deadline approaches

December 31st, 2012 admin Posted in Negocios No Comments »

WASHINGTON (Reuters) – The White House and Senate leaders struck a bipartisan deal on Monday to try to avoid a "fiscal cliff" budget crisis, although the agreement was likely to face stiff challenges in the House of Representatives. Senators were due to vote on the accord before midnight (0500 GMT Tuesday) and independent Senator Joe Lieberman said it had strong support from the Democrats who control the chamber. . . .

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Wall Street ends 2012 riding high on “cliff” deal optimism

December 31st, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – U. S. stocks closed out 2012 with their strongest day in more than a month, putting the S&P 500 up 13. 4 percent for the year, as lawmakers in Washington closed in on a resolution to the "fiscal cliff" negotiations. The S&P 500’s gain for the year marks its best performance since 2009, as stocks navigated through debt crises in Europe and the United States that dominated the headlines. Still, with numerous issues involving budget talks unresolved, markets could still be open to a shock should the deal break down unexpectedly. . . .

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Wall Street opens lower without “cliff” solution

December 31st, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – Stocks opened lower on Monday, the last trading day of the year, as political leaders in Washington worked to find agreement that would keep the United States from falling off the "fiscal cliff. " The Dow Jones industrial average was down 51. 99 points, or 0. 40 percent, at 12,886. 12. The Standard & Poor’s 500 Index was down 4. 09 points, or 0. 29 percent, at 1,398. 34. The Nasdaq Composite Index was down 5. 20 points, or 0. 18 percent, at 2,955. 11. Major indexes are on track for their sixth straight day of losses, though the S&P 500 remains up more than 11 percent for the year. . . .

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Strong Asian gains overshadowed by U. S. fiscal cliff

December 31st, 2012 admin Posted in Negocios No Comments »

SYDNEY (Reuters) – Several major Asian stock indexes closed on Monday with the strongest annual gains in years, but these were overshadowed by the lack of progress in talks to avert the looming U. S. "fiscal cliff". Australian shares ended up 14. 6 percent in 2012, the best yearly gain since the recovery of 2009. On Monday the benchmark S&P/ASX 200 index fell 22. 4 points to 4,648. 9, according to the latest data. It rose 0. 5 percent to 4,671. 3 on Friday, its highest close since June 2, 2011. Hong Kong shares ended their best year since 2009 hovering near 18-month closing highs on Monday. . . .

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Equity futures rise, but “cliff” stalemate suggests more losses

December 30th, 2012 admin Posted in Negocios No Comments »

(Reuters) – Equity futures were slightly higher at the beginning of electronic trading on Sunday night as talks continued in Washington over resolving the "fiscal cliff. " However, stocks still could end up falling on Monday when the cash markets open if lawmakers are unable to come to an agreement to avoid a series of $600 billion in tax hikes and spending cuts that are expected to hurt economic growth. . . .

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Obama says failure to reach fiscal deal would hurt markets

December 30th, 2012 admin Posted in Negocios No Comments »

WASHINGTON (Reuters) – Financial markets would be affected adversely if U. S. lawmakers fail to agree on a "fiscal cliff" deal before Tuesday, President Barack Obama said in an interview broadcast on Sunday, while urging Congress to act quickly to extend tax cuts for middle-class Americans. Lawmakers are seeking a last-minute deal that would set aside $600 billion in tax increases and across-the-board government spending cuts that are set to start within days. . . .

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Egypt PM sees IMF talks resuming in January

December 30th, 2012 admin Posted in Negocios No Comments »

CAIRO (Reuters) – Egyptian Prime Minister Hisham Kandil said on Sunday he expected a resumption of talks in January with the International Monetary Fund on a $4. 8 billion loan. He was speaking during a news conference to announce a “national economic initiative” which he said aimed to build consensus around the government’s economic program. “We hope that there will not be any fundamental changes in our plan with the IMF because we will summon them in January so we resume discussions to go forward in the matter of the loan,” Kandil said. (Writing by Tom Perry; Editing by Susan Fenton)

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French court rejects 75 percent millionaires’ tax

December 29th, 2012 admin Posted in Negocios No Comments »

PARIS (Reuters) – France’s Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande’s push to make the rich contribute more to cutting the public deficit. The Council ruled that the planned 75 percent tax on annual income above 1 million euros ($1. 32 million) – a flagship measure of Hollande’s election campaign – was unfair in the way it would be applied to different households. . . .

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