http://community.nasdaq.com/News/2012-11/nonfarm-payrolls-rise-in-november-economy-adds-171000-jobs.aspxstoryid=186654#.UJXOSG_MgpF Milestone AMG Private The Bureau of Labor Statistics released its monthly employment situation report Friday showing that Non-Farm Payrolls increased by 171,000 jobs in October and revisions added an additional 85,000 jobs, greater than estimates of an increase of 125,000 jobs on the headline number. The unemployment rate rose to 7.9 percent from 7.8 percent. S&P 500 futures were flat heading into the release but jumped higher by about five points after the release to 1,427.60. Also, the 10-year Treasury yield increased and the USD/JPY, the most susceptible currency pair to price swings due to economic releases, jumped from near 80.30 to 80.60 on the release. As yields increase in the U.S. and the economy improves, investors sell the yen against the dollar in search for higher yields and safer returns. Gold slipped below $1,700.00 per ounce on the COMEX as hopes of further QE from the Fed were dashed by the stronger than expected jobs growth. Manufacturing jobs were rather strong in October, adding jobs after consecutive months of job losses. The ISM Manufacturing Index and its employment sub-index hinted that this number could improve and it did. However, average hourly earnings and the average workweek remained flat, meaning employees are not seeing wage nor hours growth. Boston Properties (NYSE: BXP ) CEO Mort Zuckerman in an interview wit...
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Member since October 06, 2012
Communication, Communication Design
Posted November 03, 2012
Community, Communication DesignVotes (4)
http://groups.drupal.org/node/259213 A lot has happened to Cyprus over the past 12 to 18 months as the country found itself caught up in the conflagration of the Eurozone debt and banking crisis. As a result, some taxes have been raised on both individuals and companies, but, on the whole, Cyprus remains an attractive jurisdiction for holding companies.Cyprus is no longer an offshore jurisdiction in the strict sense of the word, but its tax regime,coupled with its location at the cross roads of Eastern Europe, the Middle East, North Africa and Asia, an extensive network of double-tax treaties, its membership of the European Union and its sophisticated European business environment and stable economy mean that the island has become an ideal place to locate holding, trading and intermediary companies. Cyprus's taxation regime doesn't stand out particularly among its offshore competitors, butchanges to tax legislation approved in 2002 gave Cyprus the lowest rate of corporate tax in the EU at 10%. Cyprus has also adopted the EU's 'Code of Conduct' on 'harmful tax practices' and is placed on the Organization for Economic Cooperation and Development's (OECD) 'white list' of tax compliant jurisdictions and therefore has a reputational advantage over some of its offshore competitors. Cyprus was also rated as the most attractive tax regime in Europe (with the net attractiveness score of 90%) by a 2009 KPMG poll, ahead of Ireland, Switzerland and Malta. The Income Tax Act No. 118(I) of...
Posted October 06, 2012 in Slatewell holdings ltd by Kyle Pitt