Ian Stewart News
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U.K. companies see a 40 percent chance that the British economy will return to recession within two years, according to a Deloitte LLP survey of chief financial officers.
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U.K. businesses are more optimistic on the economic outlook this year as tensions related to the euro-region debt crisis ease, according to separate surveys of finance directors and manufacturing executives published today.
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Australian Treasurer Wayne Swan defended the government’s proposed A$1.8 billion ($1.79 billion) levy to help rebuild flood-ravaged Queensland, saying the tax is “very, very modest.”
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Tropical Cyclone Yasi, packing winds stronger than those from Hurricane Katrina that devastated New Orleans, struck Australia’s northeast coast early today, lashing communities with the force of a storm described by authorities as the largest in the nation’s history.
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Chancellor of the Exchequer George Osborne said U.K. economic growth will be slower than forecast this year and next, forcing the government to borrow more and extend spending cuts to narrow the budget deficit.
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Confidence among chief financial officers at major U.K. companies rose in the fourth quarter of last year on optimism over expansion abroad, a survey by Deloitte LLP found.
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Confidence among chief financial officers at major U.K. companies fell for a second quarter to a 12-month low on concern the economy will return to recession amid the government’s budget squeeze, a survey by Deloitte LLP found.
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The death toll from the latest downpour to hit the Australian state of Queensland is set to climb from eight as rising waters rush toward the coastal city of Brisbane, where evacuations are now underway.
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Canadian Prime Minister Stephen Harper ’s election campaign may get a boost tomorrow from an employment report that is forecast to show a sixth straight monthly gain, bolstering his argument his Conservative Party is best at managing the economic recovery.
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Chancellor of the Exchequer George Osborne said Britain faces two extra years of austerity as he sought to shore up his deficit-reduction plans, intensifying a conflict with unions that are staging a mass walkout today.
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