PARIS, May 18- More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros.» Read More
ALEPPO, Syria, Dec 30- A 13th century mosque is shuttered, its tottering minaret struck at the base by a shell. Aleppo is Syria's largest city and economic hub.
CAIRO, Dec 30- Egypt's central bank said it was offering $75 million at its first foreign currency auction on Sunday, with a maximum $11 million per bank. The auction is part of a new currency regime the bank announced on Saturday to conserve its foreign reserves, which it said have fallen to a critical level.
Aides to Senate Majority Leader Harry Reid, a Democrat, and Senate Republican leader Mitch McConnell worked on a compromise over the weekend to stop automatic tax hikes for most Americans on Jan. 1. Any agreement needs to be rushed through both chambers of Congress before midnight on Monday.
WASHINGTON, Dec 30- Farm-state lawmakers have agreed on a one-year extension of a farm law that, if enacted, would head off a possible doubling of U.S. milk prices to $7.
LA PAZ/ MADRID, Dec 29- Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's resources.
DETROIT, Dec 29- Ford Motor Co is on track to sell 2.2 million cars under its main brand this year, up 7 percent from 2011, the automaker said on Saturday, but the company has acknowledged losing market share as it struggled to keep up with consumer demand.
WASHINGTON, Dec 29- Congressional negotiators burrowed into their offices on Saturday to see if they could stop the U.S. economy from falling off of a "fiscal cliff" in just three days when the biggest tax increases ever to hit Americans in one shot are scheduled to begin.
Dec 29- A divided federal appeals court has temporarily barred the U.S. government from requiring an Illinois company to obtain insurance coverage for contraceptives, as required under the 2010 healthcare overhaul, after the owners objected on religious grounds.
If you were just trying to hold on until we get past the "fiscal cliff," sorry to burst your bubble: There are more cliffs to come in Washington after this one is resolved!
Congressional negotiators burrowed into their Capitol offices on Saturday to see if they can stop the U.S. economy from falling off of a "fiscal cliff" in just three days when the biggest tax increases ever to hit Americans in one shot are scheduled to begin.
CARACAS, Dec 29- Venezuelan inflation reached 19.9 percent in 2012, the central bank said in a preliminary estimate on Saturday, beating its official target thanks to strict price controls that business leaders say are unsustainable in the long term.
Dec 29- Starbucks Corp is expanding its campaign of using messages written on coffee cups to inspire U.S. lawmakers to reach a deal and avoid going over the "fiscal cliff" of automatic tax hikes and government spending cuts.
SAO PAULO, Dec 29- Brazil's government has proposed changes to a fiscal responsibility law that set the foundation for a decade of economic prosperity in Latin America's largest economy, two local newspapers said on Saturday.
*Argentina says order would harm future debt swaps. *Federal appeals court in NY to consider Argentina case.
CAIRO, Dec 29- Egypt's central bank introduced a new auction system for buying and selling U.S. dollars to help conserve foreign reserves, which it said had reached a critical level.
*State mental health budgets slashed since 2009. *11 mln mentally ill report' unmet need' for care. NEW YORK, Dec 29- Lori, a 39- year-old mother in New Jersey, would like to save for the usual things: college, retirement, vacations.
RIYADH, Dec 29- Saudi Arabia has set a record state budget for next year as high oil prices allow it to spend heavily on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab world.
CAIRO, Dec 29- Egypt's economy, buffeted by political and economic strife, grew by an annual 2.6 percent in the third quarter of 2012, President Mohamed Mursi said in a televised speech on Saturday. The uprising that toppled Hosni Mubarak in February 2011 chased away tourists and investors, slowing growth.
MOSCOW, Dec 29- Russian Deputy Finance Minister Alexei Savatyugin, who oversees the financial markets, banking and insurance sectors, has submitted his resignation. He published a photo of the letter on Twitter, asking Prime Minister Dmitry Medvedev to accept his resignation from Jan. 9.
An annoyed President Obama said it was "mind boggling" that Congress has been unable to fix the "fiscal cliff." Then dispatched Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, on a mind-boggling mission: coming up with a bipartisan bill to break the stalemate - in about 48 hours.