Money Daily Brief: US crackdown on tax havens causes scramble
鈥� Updated 2:35 p.m. UTC (10:35 a.m. EDT)
鈥�US taxman cometh overseas: Ahead of the Sept. 23 deadline to , thousands of expatriate Americans are from London to Hong Kong. The move comes amid concerted US efforts to trace citizens' assets in tax havens, most recently Monaco.
鈥�US services: Revenues for the sector 鈥� the largest part of the US economy 鈥� ,聽 but the seasonally adjusted drop was less than in the previous quarter. The declines from the first to the second quarter ranged from 0.4 percent for the information sector to 1.6 percent for professional, scientific, and technical services.
鈥�Oil and gold: OPEC is likely to when it meets on Wednesday, Algeria's oil minister said. At midday, after soaring overnight when the US dollar dropped to its lowest value of the year against the euro. Inflation fears were behind , which on Tuesday traded above $1,000 an ounce for the first time since February.
鈥�International air travel is showing signs of stabilizing but , according to Boeing and Airbus executives. Boeing estimates this year's traffic will fall 6 to 8 percent.
鈥�Easy business: For the third consecutive year, according to the World Bank. Of the 131 countries surveyed, amid the downturn, led by Rwanda.
鈥�My backyard: Unemployment figures may be high in much of the developed world, but between October and December, according to a survey. One in four Indian companies expected to be hiring, up from one in five earlier. The strongest sector for new jobs: wholesale and retail trade.
鈥� is a Monitor correspondent in Pune, India.
