BIR closes down establishment in La Union for under-declaring sales

March 8, 2011 12:17 pm· Comments Off on BIR closes down establishment in La Union for under-declaring sales 

SAN FERNANDO CITY, La Union, March 8 — The Bureau of Internal Revenue (BIR) District Office No. 3 closed down a grocery store in Poblacion East, Rosario, La Union last week under its "Operation Kandado."

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Roundup: Egypt's new government sworn in

March 8, 2011 12:17 pm· Comments Off on Roundup: Egypt's new government sworn in 

CAIRO, March 8 — Egypt's new cabinet, led by Prime Minister Essam Sharaf, was sworn in on Monday before Mohamed Hussein Tantawi, head of the Supreme Council of the Armed Forces.

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News analysis: Appointment of Egyptian new FM not to affect ties with Israel: analysts

March 8, 2011 12:17 pm· Comments Off on News analysis: Appointment of Egyptian new FM not to affect ties with Israel: analysts 

By Adam Gonn

JERUSALEM, March 8 — As Egypt's new cabinet was sworn in on Monday, the selected foreign minister raises some eyebrows in Israel.

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China's yuan weakens 36 basis points to 6.5687 per U.S. dollar Tuesday

March 8, 2011 12:17 pm· Comments Off on China's yuan weakens 36 basis points to 6.5687 per U.S. dollar Tuesday 

BEIJING, March 8 (Xinhua) — The Chinese currency, or the yuan, on Tuesday weakened 36 basis points to 6.5687 per U.S. dollar from the previous trading day, according to the China Foreign Exchange Trading System.

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If oil price continues to surge, it could affect global economy: U.S. expert

March 8, 2011 12:17 pm· Comments Off on If oil price continues to surge, it could affect global economy: U.S. expert 

CHICAGO, March 8 — While it is still too early to say that the increasing oil price could cause global economic slowdown, if it continues to surge, the global economy might face serious challenges, says a U.S. expert on Monday in Chicago

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Dollar mixed on high oil prices

March 8, 2011 12:17 pm· Comments Off on Dollar mixed on high oil prices 

NEW YORK, March 8 — The U.S. dollar traded mixed against major currencies in late New York trading on Monday, as the oil prices reached a new high.

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Gold extends rally amid concerns over escalating unrest in Libya

March 8, 2011 12:17 pm· Comments Off on Gold extends rally amid concerns over escalating unrest in Libya 

CHICAGO, March 8 — Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Monday, as escalating unrest in Libya continued to propel hike in oil prices, which boosted demand for the metal as both safe-haven investment and a hedge against inflation.

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U.S. stocks drop on oil and technology shares

March 8, 2011 12:17 pm· Comments Off on U.S. stocks drop on oil and technology shares 

NEW YORK, March 8 — The U.S. stocks dropped on Monday on high oil prices and falling technology shares.

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Chicago grains tumble on concerns of economic slowdown

March 8, 2011 12:17 pm· Comments Off on Chicago grains tumble on concerns of economic slowdown 

CHICAGO, March 8 — Chicago grains tumbled on Monday, as investors worried that the surging oil prices would affect economic recovery and thus, dampen global grain demands.

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Ongoing global recovery faces two-speed growth, structural changes: IMF advisor

March 8, 2011 12:17 pm· Comments Off on Ongoing global recovery faces two-speed growth, structural changes: IMF advisor 

WASHINGTON, March 8 — The global economic recovery is gaining momentum, but is confronted with challenges including a two-speed recovery pace among emerging markets and advanced economies as well as underlying structural changes, Zhu Min, special advisor to the Managing Director of the International Monetary Fund (IMF), said here on Monday.

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