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Singapore on Monday announced income tax rises for the top five percent of the population to fund rising social spending targeted at the poor and elderly in the rapidly ageing city-state. The marginal personal income tax rate for those earning above Sg$320,000 ($256,000) a year will rise to 22 … Read entire story.
Which way is the market going to go? The technicals on the SP500 show a weakening trend that, should it break through the channel support, could begin a serious leg to the downside. Having said that, the market is also testing the 200 day moving average, and if it finds support, could actually swing to […]
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Each of the major indexes fell more than 2 percent shortly after the open, sending the S&P 500 and Nasdaq …
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