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Business 14 May 2003 | 12:00 AM

Surprise tax cut in Aussie budget

Australia#8217;s conservative government pulled a surprise income tax cut out of a healthy, post-Iraq war budget yesterday in an apparent bid to sweeten voters and keep the economy moving forward as the world economy dawdles.

Business 09 Apr 2004 | 12:00 AM

Tokyo stocks close lower Friday, US$ higher against yen

Tokyo share prices sank Friday amid speculation the hostage crisis involving three Japanese civilians in Iraq could hurt the government. The U.S. dollar rose against the yen.

Business 23 Apr 2004 | 12:00 AM

Philippine shares end higher Friday

Philippine shares finished sharply higher Friday, with the main index posting a three-year closing high, as investors welcomed President Gloria Macapagal Arroyo's slight lead over her main rival in the latest voter survey, traders said.

Business 13 May 2004 | 12:00 AM

Govt embarks on media blitz to promote budget

Australia's conservative government sidestepped questions about a possible early election yesterday as it embarked on a media blitz to sell its 2004/05 budget which delivers tax cuts and more money for young families.

Business 16 Aug 2004 | 12:00 AM

What's with the US Fed raising interest rates in an election year?

Going against conventional wisdom, the Federal Reserve is raising interest rates in an election year. And it is Fed Chairman Alan Greenspan, a Republican, who is leading the charge even though an incumbent Republican in the White House is facing voter unrest about the state of the economy.

Business 16 Sep 2005 | 12:00 AM

New Zealand stocks hit second record high in two days Friday

New Zealand stocks hit a record high Friday - the second in two days _ as investors mostly held firm ahead of Saturday's general election.

Business 21 Feb 2006 | 12:00 AM

No end in sight to SBB-BCHB wrangle

With the deadline expiring at 5pm today for the board of Southern Bank Bhd (SBB) to respond to Killinghall (M) Bhd's request for an EGM to be called on the takeover offer by Bumiputra-Commerce Holdings Bhd (BCHB), there is a real likelihood that the entire process will see the insides of a courtroom soon.

Business 30 Sep 2008 | 12:00 AM

Why the US$700b bailout did not get through

In the end, the financial markets did not stand a chance against voter antipathy, partisanship and election year politics.

Business 24 Oct 2008 | 12:00 AM

Costly ballot measures pose risk to US state budgets

NEW YORK (AP) - Before the financial crisis unfolded, voters and officials in states across the United States placed proposals on their November ballots that would slash taxes and spend millions of dollars on new programs.

Business 24 Apr 2009 | 12:00 AM

Despite economic chaos US is on right track, say Americans

Millions of people jobless. Billions of dollars in bailouts. Trillions of dollars in U.S. debt. And yet, for the first time in years, more Americans than not say the country is on the right track.