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U.S. markets recover from steep losses

DUBLIN, Ireland, Nov. 20 (UPI) -- Ireland's Deputy Prime Minister Mary Coughlan said the austerity budget under debate would not include changes in the country's corporate tax rate.
The 12.5 percent corporate rate, one of the lowest in the European Union, which Ireland uses to lure companies to base their businesses in Ireland, was "non-negotiable," Coughlan said, the British Broadcasting Corp. reported Saturday.
The Irish Cabinet is meeting to discuss a four-year budget plan to qualify for an international loan worth tens of billions of dollars meant to help the country bail out its troubled banks.
Details of the austerity budget will be released by Tuesday, the BBC said.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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