Supreme Court tax case to determine extent of IRS enforcement authority
Tom Ramstack – AHN News Legal Correspondent
Washington, D.C., United States (AHN) – The U.S. Supreme Court plans to issue a ruling in a corporate tax shelter case this spring at a time of uncertainty in the tax laws. [...] Continue Reading…
Supreme Court tax case to determine extent of IRS enforcement authority
Tom Ramstack – AHN News Legal Correspondent
Washington, D.C., United States (AHN) – The U.S. Supreme Court plans to issue a ruling in a corporate tax shelter case this spring at a time of uncertainty in the tax laws. [...] Continue Reading…
Top European banks stand pat on key interest rates
Linda Young – AHN News Writer
London, United Kingdom (AHN) – The European Central Bank met Thursday and kept its key interest rate unchanged at 1.0 percent. ECB officials made the decision after cutting rates for the previous two [...] Continue Reading…
China, Japan agree on direct yuan, yen trade
Windsor Genova – AHN News News Writer
Beijing, China (AHN) – The governments of China and Japan, the world’s second- and third-largest economies, announced Monday an agreement to directly trade in yuan and yen instead of converting their currencies first [...] Continue Reading…
U.S. agency selects Nepal as eligible aid recipient
Anil Giri – AHN News Correspondent
Kathmandu, Nepal (AHN) – Nepal has been selected as eligible for the threshold program of the Millennium Challenge Corporation (MCC), a United States aid agency established to help fight global poverty. An MCC [...] Continue Reading…
Fixed mortgage rates stay low
Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – The average rate on the 30-year fixed mortgage stayed near its record low for the sixth consecutive week. But, the historically low rates have done little to [...] Continue Reading…
Rajaratnam reports to prison
Diane Alter – AHN News Reporter
Devens, MA, United States (AHN) – Former hedge fund manager Raj Rajaratnam reported to prison Monday to begin serving an 11-year sentence. The Galleon Group founder and manager was convicted of insider trading [...] Continue Reading…
Plunging Foreign Reserves Pose New Threat to Egypt
The Media Line Staff
Cairo, Egypt (The Media Line) – Egypt’s political and economic clocks are running on dangerously different speeds: While Egyptians make repeat visits to the polls over the next three months to elect a new government and [...] Continue Reading…
Opening stocks off Thursday after Wednesday’s 490-point gain
Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – U.S. stocks slipped on the open Thursday following a strong broad based rally on Wednesday that sent the Dow soaring 490 points. In addition to profit [...] Continue Reading…
Shorter heels for women may mean the economy is heading higher
Diane Alter – AHN News Reporter
NYC, NY, United States (AHN) – What goes up come down. Just look at the roller-coaster rides of global stock markets. It appears the same gyration occurs in women’s shoes, and it just [...] Continue Reading…
