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Exact(19)
Owners of affected vehicles should be compensated for the reduction in value, the transport secretary, Patrick McLoughlin, said this week.
Creditors will find their debt converted to equity, typically involving a reduction in value.
This is because their collateral is subject to an initial "haircut", or reduction in value.
In aggregate, the appeals claim a reduction in value of those 163 condos from $374m to $153m, according to city records.
Carbon Tracker said financial markets faced a "systemic risk" from a reduction in value to the fossil fuel industry's $25tn£19tntn) worth of assets, due to demand peaking.
The reduction in value of Wachovia's investments was the latest in a series of write-downs from big financial companies and underscored the gravity of the crisis in housing-related investments.
Similar(41)
Despite the fillip from the temporary reduction in value-added tax, consumer spending will fall sharply.
Ms Merkel managed to push through €8.5 billion in tax relief for families and a reduction in value-added tax for hotel stays towards the end of 2009.
And consumers will gain from the temporary reduction in value-added tax, worth about £12.5 billion over 13 months.The pace of monetary easing also looks set to accelerate.
There is talk of yet more pruning of tax exemptions, and possibly a new tax on "extravagant" incomes though not, lamentably, of reversing a daft reduction in value-added tax for restaurants that costs the state €2.4 billion ($3.5 billion) a year.
According to Sete, international arrivals rose 9.5 percent in the first six months of the year, an increase it attributes to unrest in North Africa, which kept tourists from visiting, as well as the reduction in value-added tax on hotel prices, to 6.5 percent from 11 percent, and improvements to Russia's system for issuing travel visas.
More suggestions(16)
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reductions in value
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