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0630 GMT [Dow Jones] USD/HKD drifts higher, at 7.7773 vs 7.7721 late yesterday; trader from U.K. bank says various banks selling HKD to lock in profit, as euphoria over potentially stronger CNY has waned, though sales weren't heavy. "The key thing to look at will be the yuan. Agricultural Bank's upc
22 Jun 10 14:35Footsie is still in the red after chancellor George Osborne's first Budget, which contained a huge raft of tax and benefit changes, most of which will raise revenue for the government. VAT is going up from 17.5% to 20%, capital gains tax is rising to a flat rate of 28% while the banks and building
22 Jun 10 14:171311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in '11 and will make it harder for retailers to maintain performance levels, Shore Capital analyst Clive Black says. However, Black adds the impact will be partially offset by a
22 Jun 10 14:11Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in
22 Jun 10 14:110626 GMT [Dow Jones] Situation in Europe is such dark cloud, says Rory Robertson at Macquarie; reckons Australian central bank may be on hold for quite a while. "Having paused in June and being about to pause again in July ahead of CPI, I think the RBA would love to remain on hold for the rest of th
22 Jun 10 14:11LONDON (Dow Jones)--U.K. retail stocks rose Tuesday after the U.K.'s coalition government announced a value-added-tax from next year but kept food and children's clothes exempt. VAT will increase to 20% from 17.5% Jan. 4, George Osborne said, delivering his first budget as U.K. Chancellor of th
22 Jun 10 13:571248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retailers, Pricewaterhouse Coopers analyst Mike Bailey says. Says the rise to 20% was well-forecasted before the announcement Tuesday. Says retailers will face a burden although the
22 Jun 10 13:48Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retaile
22 Jun 10 13:480621 GMT [Dow Jones] USD/CNY extends gains in afternoon session following fresh USD demand from large state-owned Chinese banks, traders say. "We are seeing several big names buying at around CNY6.8200 and it's continuing," says Guangzhou-based trader at foreign bank. Another Shanghai-based trader a
22 Jun 10 13:480619 GMT [Dow Jones] (An item at 0600 GMT, misstated Yang Ming Marine's closing stock price. The correct version follows:) Taiwan shares end down 0.3% at 7612.68 in quiet trade, taking breather after ending at 5-week high yesterday. Hua Nan Securities Investment Assistant Vice President Henry Miao t
22 Jun 10 13:48By Steve McGrath and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. supermarket group J Sainsbury PLC (SBRY.LN) Monday shuffled its management team, putting current Chief Financial Officer Darren Shapland in charge of future developments at the company, and promoting John Rogers
21 Jun 10 13:43LONDON (Dow Jones)--U.K. food, clothing and homeware retailer Marks & Spencer Group PLC (MKS.LN) is unlikely to be in a position to name its next chairman by its target date of July's annual meeting, the Financial Times reported Saturday, citing people familiar with the situation. The newspaper
19 Jun 10 11:10(This article was originally published Friday.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Chief Executive of U.K. clothing and homeware retailer Debenhams PLC (DEB.LN) said Friday he expects the U.K. government to raise value-added-tax (VAT) and that shoppers can ex
14 Jun 10 06:30By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Chief Executive of U.K. clothing and homeware retailer Debenhams PLC (DEB.LN) said Friday he expects the U.K. government to raise value-added-tax (VAT) and that shoppers can expect to see prices rise as negative currency effects
11 Jun 10 15:27A new calculation of the amount of oil spilled into the Gulf of Mexico from the fractured BP oil rig have dramatically increased the estimate, suggesting an amount equivalent to the Exxon Valdez disaster could be pouring into the ocean every eight to 10 days. The fresh estimate from a US government
11 Jun 10 06:43
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