House votes on payroll tax cut extension

Note: This section contains information in English only.
Source: Marketwatch

On Tuesday the white house lawmakers voted to approve a workforce tax cut motion which also includes the Keystone pipeline provision. Proposal won with 234 votes for and 193 against. The bill now has to be approved by the Senate. However, President Obama may veto the Keystone pipeline proposal, said the House. Payroll tax extension would prolong 4.2% payroll levity cut which is due 31 December.

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Wed, 14 Dec 2011 08:15:21 GMT

US shares decline on Fed decision

US equities dropped for a second straight day after Fed decided to leave its key interest rate unchanged and retail sales rose at slower pace than predicted. Dow Jones Industrial Average tumbled 0.6% or 66.45 points to 11,954.94, S&P 500 Index lost 0.9% or 10.74 points to 1,225.73, while Nasdaq Composite was down 1.3% or 32.99 points at 2,579.27.

Wed, 14 Dec 2011 08:14:22 GMT

Asian markets slightly down on Wednesday

Asian stocks fluctuated between gains and losses on Wednesday on speculation that markets already have incorporated all negative news.  Shanghai Composite and Hang Seng Index both lost 0.2%, while Japan's Nikkei Stock Average dropped 0.6%. South Korea's Kospi was down 0.1% and Australia's S&P/ASX 200 index traded flat. 

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