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ATHENS: Greece will tax capital gains on shares next year as part of efforts to boost revenues and attain a primary budget surplus, a tax reform bill Athens had long-promised its international lenders showed on Thursday.
BRUSSELS: European leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
NEW YORK: Investors in U.S.-based funds pumped the most money into stock exchange-traded funds since mid-September while also putting money into higher-quality corporate bonds in one of the last reporting weeks of the year, data from Thomson Reuters' Lipper service showed on Thursday.
Asian shares steadied on Friday as a pick-up in China's manufacturing sector calmed investor sentiment, but gains were capped by concerns that U.S. lawmakers are still too far apart to avert a fiscal crisis as an end-of-year deadline looms.
NEW YORK: A seven-day rally in world shares came to a halt and commodity prices slipped on Thursday after negotiations over the U.S. fiscal cliff hit a wall, with both Republicans and the White House voicing frustration at the lack of progress.