13,379 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 132 of 134.
“The single European currency fell to a 14-month low against the dollar on Thursday afternoon, trading at $1.2703.”
“It was also trading at a nine-month low against the pound, with one pound buying 1.1746 euros.”
“Having announced that interest rates would remain at 1%”
“the UK government was expected to borrow the equivalent of 12% of GDP this year.”
“the Portuguese government said it planned to auction up to 1bn euros of bonds later this month.”
“Having announced that interest rates would remain at 1%, ECB president Jean-Claude Trichet said that restarting a programme to buy up government debt had not been considered.”
“US mortgage giant Freddie Mac saw a loss of $8bn (£5.3bn) in the first three months of 2010 and said it would ask for a further $10.6bn in state aid.”
“The new request brings the total cost for rescuing Freddie Mac to $61.3bn.”
“The latest $8bn loss was $6.7bn before adding a $1.3bn dividend payment on senior preferred shares owned by the US Treasury.”
“The firm has made a number of federal cash requests since it was taken over by regulators in September 2008.”
“The group had decided to concentrate on documenting the effects on the fishing industry because it would "suffer the biggest pain", she added. "They managed to rebuild after Katrina but now, not only can they not fish, they are going furth…”
“The firm's net profit for the first three months of the year came in at $475m (£314m), which was down from $716m a year earlier.”
“Revenue rose slightly to $8.3bn from $8.2bn a year earlier.”
“The company suffered from a $419m one-off charge in the quarter related to repayment and refinancing costs of the deal that brought the two brewers together in 2008.”
“net profit came in at 1.1bn euros ($1.4bn; £0.9bn), compared with a 278m euro loss for the same period a year ago”
“its exposure to Greek government debt is 3bn euros”
“Shares in SocGen fell almost 6% on Tuesday as banking stocks were hit by renewed concerns about high European debt levels”
“The bank's shares rebounded by more than 3% after the results announcement”
“In January 2008, it reported a loss of 4.9bn euros, which it blamed on unauthorised deals made by former trader Jerome Kerviel”
“Shares in SocGen fell almost 6% on Tuesday”
“It expects to raise an extra £10bn in income tax in 2010-11, nearly all from 40% and 50% rate taxpayers.”
“The figures indicate that the 13,000 people earning at least £1m a year will also pay, on average, just over £1m each in income tax.”
“If personal allowances and tax bands remain frozen, more people will be dragged into the higher rate bands, he said.”
“It predicts that this financial year, the total number of income tax payers will rise by 400,000 to 30.6 million.”
“There will be a modest 100,000 increase in the number of basic rate payers to 26.4 million, who together will pay an extra £1.2bn, thus handing over a total of £68.1bn.”
“But the number of people in the 40% higher rate band and new 50% additional rate bracket will jump by 192,000 to 3.412 million.”
“The 40% higher tax rate is levied on taxable incomes above £37,400 and the 50% rate is now levied on taxable incomes above £150,000 a year.”
“Fiscal drag really is a chancellor's best friend," says John Whiting, director of tax policy at the Chartered Institute of Taxation (CIOT).”
“Add in the effect of gradually eroding the personal income tax allowance for people earning more than £100,000 and there is a big increase in the tax take, especially for those at the top end of the scale.”
“Whereas last year higher-rate payers handed over £84bn in income tax to the Revenue (56% of the total)”
“the combined higher and additional rate payers are predicted to pay a total of £92.7bn this year.”
“That is £9bn more than last year and will amount to 66% of the government's total income tax stream this year.”
“Overall, the government's income tax take will rise by an extra £10bn this year to £161bn, almost back to the levels of 2007-08.”
“anyone earning more than £150,000 will pay 33% of their incomes as income tax this year”
“those earning more than a million pounds will pay 44% on average.”
“Last year, the 14,000 people who earned more than £1 million paid an average £828,000 each in income tax.”
“This year, the 13,000 in that bracket are likely to pay an average of £1.02 million each - 23% more in the space of just one year.”
“For all that they individually give a lot, there really aren't enough of them to make a huge difference to our fiscal deficit - to close it, we have to raise money from everyone, not just the rich," Mr Whiting said.”
“It thought that the number of income tax payers would fall by three million from a peak of 32.3 million in 2007-08 to 29.3 million in 2009-10.”
“Within that drop, the number of higher rate payers was expected to fall by nearly a million, from 3.89 million to 2.91 million.”
“Unemployment has not gone up as much as anticipated and there has been inward migration," said Chas Roy-Chowdhury.”
“HMRC now reckons that in 2009-10 there were 30.2 million income tax payers, nearly a million more than it was originally forecasting.”
“Within that total, the number of basic rate payers went up by 2.2 million - more than previously predicted - to 26.3 million, while the number of higher rate payers did indeed fall - from 3.87 million to 3.22 million - but not as much as f…”
“The overall effect was that the government's total take from income tax fell from a record £163bn in 2007-08 to an estimated £151bn in 2009-10.”
“Tax policy has always been skewed to taxing people more, the more they earn," said Mr Roy-Chowdhury.”
“Next year's changes to the taxation of pension contributions may be a tipping point for some people," he added.”
“Its shares down 47 pence, or 8.7%, to 496.5p”
“He said the group was aiming to achieve "significantly" higher earnings in 2010 than in 2009.”
“expects the Greek economy to shrink by 3% this year”
“The euro hit a fresh 13-month low against the dollar”
“The yield on the 10-year Greek sovereign bond rose to 10.025% from 9.168% on Tuesday”
“and that of Portuguese 10-year bonds went to 5.762% from 5.386%”
“The rate on Spain's 10-year sovereign bond widened to 4.196% from 4.113%”
“the eurozone as a whole would see growth of 0.9% - an improvement on the 0.7% forecast earlier this year”
“The euro hit its lowest level against the dollar in more than a year, at $1.2887, and was also down against the pound, with one pound worth 1.1706 euros”
“In London the FTSE 100 closed down 1.28%, France's Cac 40 index dropped 1.44%, and Germany's Dax down 0.81%”
“At close in the US the Dow Jones was down by 59.94 points, or 0.55%, at 10,866.83”
“The tech-based Nasdaq fell by 0.91% to 2402.29, and the broader S&P 500 fell by 0.8%, to 1,164.18”
“Portugal's economy is forecast to grow by 0.5% after shrinking by 2.7% last year, the European Commission said”
“Spain - another country under scrutiny from investors - is expected to see its economy shrink by 0.4% this year, which is better than the 0.6% fall in GDP previously forecast”
“At the weekend, European finance ministers agreed a 110bn-euro ($143bn; £95bn) bail-out package for Greece, to help it pay off its huge debts”
“Greece is currently struggling with debts equivalent to more than 100% of its GDP”
“Prudential has delayed publication of details of a $21bn (£13.8bn) rights issue intended to help fund its $35.5bn acquisition of AIA in Asia.”
“Prudential needs approval from 75% of its shareholders for the deal to go through. A shareholder vote is scheduled for 27 May.”
“Capital Research & Management, Prudential's largest shareholder with 12%, has misgivings about the AIA takeover”
“Prudential, with surplus capital of £3.4bn, and AIA, with $3.3bn (£2.1bn), are among the best capitalised insurers in the world and both above 200%.”
“The euro has fallen to $1.2954 - its lowest level for more than a year.”
“The Singapore market was down 1.5% and Hong Kong's Hang Seng index fell 2.1%.”
“On Tuesday, the Spanish Prime Minister Luis Rodriguez Zapatero was forced to deny rumours that Spain would be next to seek financial rescue, following the agreement of a 110bn-euro ($143bn; £95bn) bail-out package for Greece over the weeke…”
“Spain is of particular concern because of the size of its budget deficit - currently above 11% of GDP - and the weakness in its economy.”
“Spain has the highest rate of unemployment in the eurozone, at above 20%.”
“and the economy is expected to shrink by 0.6% this year.”
“On Tuesday, global stock markets also felt the impact of the uncertainty, with the FTSE 100 in London falling more than 2.5% and Wall Street's Dow Jones index down 2%.”
“Rupert Murdoch's News Corporation saw net profit drop by 69% in the third quarter to $839m (£554m)”
“It said third-quarter revenue was up by 19% on a year before to $8.8bn.”
“News Corp enjoyed $2.4 bn in gains and tax benefits on its partial sale of technology company NDS Group.”
“Operating income at News Corp's filmed entertainment unit jumped 76% to $497m.”
“News Corporation saw net profit drop by 69% in the third quarter to $839m (£554m) but the figure was better than had been expected.”
“A new regime for agencies, demanding they explain how downgrade decisions are made, will begin in December”
“Ratings agency Standard & Poor's downgraded Greek debt to 'junk', leaving it effectively cut off from the financial markets.”
“The three big agencies - Standard & Poor's, Moody's and Fitch - occupy a position of power at the heart of global finance.”
“Last year the big three of Standard & Poor's, Fitch, and Moody's admitted that their assessment of securities backed by sub-prime mortgages had turned out to be incorrect.”
“They had been accused of failing to spot the size and risk of the bad US housing debt that was resold around the world, causing multi-billion pound losses.”
“The euro fell to a 13-month-low against the dollar, dropping to $1.3004, after earlier slipping below the $1.30 mark.”
“agreement reached over the weekend to provide Greece with a 110bn-euro ($143bn; £95bn), three-year bail-out package.”
“US stock markets had their worst session in three months, with the Dow Jones falling by 2%, the tech-based Nasdaq by 2.98% and the S&P 500 by 2.38%.”
“In both London and Frankfurt, the leading share indexes closed down 2.6%, while in Paris the main index lost 3.6%. Shares in Athens closed down 6.7%.”
“Spain's debt-to-GDP ratio is just over 52%, compared with Greece's 115%.”
“Shares fell 25 pence, or 4.3%, to 550.6p in early trading.”
“They have now plunged more than 15% since the explosion on the rig two weeks ago.”
“By mid-afternoon, BP shares closed down 3% lower at 558.5p.”
“Transocean shares also continued to fall, down 3.7% at $70.11 in early trading in New York.”
“Its shares have fallen more than 20% since the explosion.”
“BP said the cost of containing the spill and securing the original well is running at about $6m (£3.9m) a day.”
“But even in the worst case scenario, the direct financial burden of the clean-up and paying compensation is unlikely to be a crippling burden for a firm as gigantic as BP, which last year made profits of over $40bn”
“The total increased to 48,901 in March from 46,882 the month before, and the figure was 17% higher than in March 2009.”
“with a net £318m being removed in March.”
“It was the 12th time in the past 13 months that savers have taken out more money than they have put in from their accounts with building societies.”
“the number of mortgage deals available at the start of May was up by 12% from a month ago to 1,928, which was also 36% more than at the start of the year.”
“the number asking for a 10% or 15% downpayment went up from 461 to 520.”
