FRANKFURT -(Dow Jones)- German Chancellor Angela Merkel announced Saturday a further cut in workers' unemployment insurance contributions, thanks to the robust economy, to help small and medium-sized companies. "We are going to cut costs weighing on workers more by lowering unemployment contributions to 3.5%" of their salaries from 4.2% currently, Merkel said in an Internet podcast on Saturday. A cut to 3.9% from Jan. 1 was approved...
Friday, November 23, 2007
Crude oil prices too low - Iran
TEHRAN (Thomson Financial) - Iran, OPEC's number-two exporter, hit out Saturday at the recent hike in oil prices, saying real prices were far lower than the 90-dollar-a-barrel level of last week."Oil is still cheap," acting Oil Minister Gholam Hossein Nozari said in an interview with the Iran newspaper."The sweet taste of oil is not tangible because it is very far from the range that is expected by us (Iran and OPEC)," Nozari...
Mexico's Peso Ends Stronger At 10.7140/Dlr On US Rate Hopes
BEIJING (XFN-ASIA) - Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said yesterday that the country has basically completed system and technical preparations for the launch of its first stock index futures, according to the official Xinhua news agency."The commission would continue the final preparations before officially introducing the stock index futures," Xinhua quoted Shang as telling the 2007...
Treasurys rally again on credit fears
NEW YORK (AP) - Treasury prices rallied Friday on worries that global banks will take more massive writedowns for their exposure to shaky credit markets.The credit markets have been in a perilous state since August; souring home loans made to borrowers with weak credit are creating havoc for the banks and investors who carry securities backed by the bad mortgages. Although this has caused investors to shun many types of corporate...
Cash Master Horse Racing System Review
Cash-Master is a piece of horse betting software that was developed by Graham Laurie in 2004 It is guaranteed to make you a tax free income garnered from online bookmakers. It works well with online sites such as Ladbrokes, Coral and William Hill.One thing to realize about this program is that it is not designed to leverage bets or spread your winnings out by making money on placed bets. It is about advising exactly how much you...