Friday, 23 September 2011 09:27 'Treasury yields, as a result, slipped to historic lows with the 10-year yielding 1.75 percent and the 30-year at 2.86 percent. The dollar was also a beneficiary of a massive fear trade that sent U.S. stocks sharply lower, on the heels of steep sell-offs in equities markets around the globe. The worst performing stock market sectors mirrored the sell-off in global commodities markets, with materials down 4.6 percent and energy stocks down 4.1 percent.' Read more: Global Meltdown: Investors Are Dumping Nearly Everything Friday, 23 September 2011 08:42 'Pensioners who claimed their state pension for the first time during 2010/11 may receive a nasty surprise tax bill which could plunge many into debt. This is a warning from charity the Consumer Credit Counselling Service (CCCS), so what can you do if you receive a tax demand? The CCCS says notices are currently being sent out by HMRC to an estimated 1.2 million people who paid too little tax last year, due to errors in the Pay-As-You-Earn (PAYE) system. It is predicted that this figure includes up to 160,000 pensioners who could face repayments of up to more than £1,000 each.' Read more: Thousands of UK Pensioners Set to Receive Underpaid Tax Demands Friday, 23 September 2011 08:09 'By intercepting the documents before they were sliced by the shredder, the investigators were able to uncover what they believed was evidence that branch employees had used scissors, tape and Wite-Out to create fake bank statements, inflated property appraisals and other phony paperwork. Inside the heaps of paper, for example, they found mock-ups that indicated to investigators that workers had, as a matter of routine, literally cut and pasted the address for one home onto an appraisal for a completely different piece of property.'
Friday, 23 September 2011 08:05
Friday, 23 September 2011 08:00
'Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.
It also found many of the companies spent more on lobbying than they did on taxes. At a time when lawmakers are facing tough choices in a quest to slash the national debt, the report from the Institute for Policy Studies (IPS), a left-leaning Washington think tank, quickly hit a nerve.'
Friday, 23 September 2011 07:39
Friday, 23 September 2011 05:53
The FTSE 100 index in London plunged more than 210 points to 5078, a 4 percent drop, with not a single riser in sight.
In Asia, markets also suffered heavy losses, with the Nikkei closing down 2.1 percent, Hong Kong's Hang Seng tumbling 4.9% and the Jakarta stock market losing nearly 9 percent.'
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