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Tokyo stocks leap 3 percent in early trade

AP FILE PHOTO

Tokyo stocks jumped more than three percent on Friday, the first day of 2013 trading, following global rallies on a US deal to avert a “fiscal cliff” of tax hikes and huge spending cuts.

Posted: January 4th, 2013 in Latest Business Stories | Read More »

Political brinksmanship still threatens US economy

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In this Nov. 13, 2012, file photo, a man walks in front of the Capitol in Washington. The debate in Washington over taxes and spending is likely to continue damaging the fragile economy well into 2013.  AP PHOTO/J. SCOTT APPLEWHITE

An emergency deal reached after weeks of rancorous negotiations will keep the US from driving off the so-called fiscal cliff, but higher taxes and continued political bickering in Washington threaten to shake the fragile US economy well into 2013.

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

Obama to make ‘fiscal cliff’ statement

President Barack Obama smiles as he speaks about the fiscal cliff, Monday, Dec. 31, 2012, in the South Court Auditorium at the White House in Washington. AP FILE PHOTO

US President Barack Obama was set to make a televised statement within minutes on Tuesday, after Congress finally passed a bill to avert a “fiscal cliff” budget crisis.

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

US Congress finally averts ‘fiscal cliff’

The lights of the U.S. Capitol remain lit into the night as the House, at left, continues to work on the "fiscal cliff" legislation proposed by the Senate, in Washington, on Tuesday, Jan. 1, 2013. AP/Jacquelyn Martin

Legislation to block the “fiscal cliff” is headed to the White House for President Barack Obama’s signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

US Senate passes bill to avert ‘fiscal cliff’ tax hikes

Vice President Joe Biden speaks following a Senate Democratic caucus meeting about the fiscal cliff on Capitol Hill on Monday, Dec. 31, 2012 in Washington. AP/Alex Brandon

Coming together in the early hours of 2013, the US Senate overwhelmingly passed a last-gasp bill Tuesday to avert huge tax increases and draconian spending cuts making up the so-called “fiscal cliff.”

Posted: January 1st, 2013 in Latest Business Stories,Photos & Videos | Read More »

Dollar down against euro, yen on fiscal cliff fears

AP FILE PHOTO

The dollar weakened against the euro in Asia Monday with traders fleeing the US currency as hopes faded that a deal could be reached to avert the fiscal cliff in the United States, analysts said.

Posted: December 31st, 2012 in Latest Business Stories | Read More »

Lawmakers still at odds on last day before fiscal cliff

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President Barack Obama walks down the lower steps instead of the usual longer stairway from Air Force One upon his arrival at Andrews Air Force Base, Maryland, Thursday, Dec. 27, 2012. The president cut short his holiday and returned to Washington as no deal appeared in sight to avoid the year-end "fiscal cliff" of higher taxes and deep spending cuts that could spin the still-fragile back into a recession.  AP PHOTO/CAROLYN KASTER

US lawmakers are returning to work on New Year’s Eve for the first time in more than 40 years in a final attempt to reach a deal to avert a fiscal calamity set to hit the world economy within hours.

Posted: December 31st, 2012 in Latest Business Stories | Read More »

Asia stocks flat ahead of ‘fiscal cliff’ deadline

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AP FILE PHOTO

BANGKOK — Asian stock markets were mostly flat in thin trading Monday, as hopes faded for a budget deal by the end of the year that would prevent the U.S. from reaching the “fiscal cliff.”   Markets have been on edge as President Barack Obama and Republican leaders squabble over how to reduce the U.S. [...]

Posted: December 24th, 2012 in Latest Business Stories | Read More »

Asian markets mostly higher on US fiscal hopes

Men look at the electronic stock board of a securities firm in Tokyo on Tuesday, Dec. 18, 2012. Asian stock markets were mostly higher Tuesday, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.  AP PHOTO/ITSUO INOUYE

Asian markets mostly rose Tuesday, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.

Posted: December 18th, 2012 in Latest Business Stories | Read More »

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