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Source: Global Times Published: May 07, 2012 23:55
The economy of South China's Guangdong Province is still declining and a value added tax (VAT) reform program is urgently needed to reduce the tax burden on companies in the province during the tough economic climate and industrial restructuring, economists said Monday.
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Source: AFP Published: May 07, 2012 23:45
Indonesia's economic growth slowed in the first quarter of this year, the Central Statistics Agency reported yesterday, reined in by sluggish exports.
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Source: AFP Published: May 07, 2012 23:45
Philippine mining funds down
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Source: Reuters Published: May 07, 2012 23:45
Malawi scrapped its currency peg to the dollar Monday, triggering a devaluation of around 50 percent in the kwacha as it sought to unblock frozen aid and halt a downward spiral in the economy of one of Africa's poorest states.
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Source: AFP Published: May 07, 2012 23:45
World stocks diverged and the euro wavered in nervous trading Monday on renewed anxiety in the eurozone after voters in Greece and France turned against German-led austerity.
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Source: Xinhua Published: May 07, 2012 10:54
Australia's largest explosives manufacturer Orica Limited on Monday reported a four percent drop in the company's first half net profit, as chemical leaks at its ammonia plant forced it to shut the operation temporarily.
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Source: Global Times Published: May 07, 2012 00:30
Export transactions declined at the country’s largest trade fair, which concluded over the weekend, underscoring the gloomy export outlook and a need to reform the country’s rebate policies to reduce the burden on exporters, analysts said yesterday.
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Source: Reuters Published: May 06, 2012 23:15
Greeks enraged by economic hardship voted yesterday in a deeply uncertain election that could reignite Europe’s debt crisis and throw into doubt the country’s future in the eurozone.
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Source: Reuters Published: May 06, 2012 23:15
The shutdown of Japan’s lastworking nuclear power plant and the government’s failure to convince a wary public about restoring production at dozens of reactors leaves the world’s third largest economy facing a summer of severe power shortages.
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Source: AFP Published: May 06, 2012 23:15
Romania has sealed an agreement with international lenders to restore public wages to their previous levels, a senior official said, as part of the government's efforts to ease an unpopular austerity program.
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