WHEN you are the chief executive of a public company, the temptation to opt for a merger or acquisition is great indeed. Many such bosses may get a call every week or so from an investment banker eager to offer the kind of deal that is sure to boost profits. Plenty of those calls are […]
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THE security guards at the foot of Antilia, a 27-floor private residence in Mumbai, while away the days just as all bored Indians have been doing in recent months—watching movies on their phone. Using a mobile network to stream endless Bollywood epics would until recently have been an unthinkable luxury, even in the rich world. […]
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SWITZERLAND, which developed cross-border wealth-management in the 1920s, was once in a league of its own as a tax haven. Since the 1980s, however, tax-dodgers have been spoilt for choice: they can hide assets anywhere from the Bahamas to Hong Kong. The percentage of global wealth held offshore has increased dramatically. But it has been […]
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Spain’s Constitutional Court has suspended a session of the Catalan parliament scheduled for Monday in which local leaders were expected to declare Catalonia’s unilateral independence from Spain. The ruling followed a legal challenge by the Catalan Socialist Party, which opposes secession, according to El Pais newspaper. Source: cnbc Spain's constitutional court suspends Catalan parliament session […]
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Insurance giant Aviva has bought a majority stake in a British start-up that manages diversified investment plans. The insurer said Thursday it would allow customers to access “robo” investment firm Wealthify’s services via its app MyAviva. Based in Cardiff, Wales, Wealthify is targeted at millennials and offers five different investment plans via tax-free Individual Savings […]
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Japanese-born Kazuo Ishiguro, author of “The Remains of the Day,” has won the Nobel Prize for Literature for uncovering “the abyss beneath our illusory sense of connection with the world,” the Swedish Academy said on Thursday on awarding the 9 million crown ($1.1 million) prize. The award marks a return to a more mainstream interpretation […]
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The infotainment technology that automakers are cramming into the dashboard of new vehicles is making drivers take their eyes off the road and hands off the wheel for dangerously long periods of time, an AAA study says. The study released Thursday is the latest by University of Utah professor David Strayer, who has been examining […]
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European stocks are set for a mixed open on Thursday morning as investors monitor political events and take a cautious approach ahead of key data releases. The FTSE 100 is seen flat at 7,466; the CAC 40 is expected to open lower by 3 points at 5,358 and the DAX in Germany is seen lower […]
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MARGRETHE VESTAGER’S assault on technology firms she deems to have improperly massaged down their tax bills continued this week with a tilt at Amazon. The internet retailer faces a bill of €250m ($293m) for back taxes over what the European Union’s competition commissioner considers to have been an illegal sweetheart deal with Luxembourg. The order […]
Read moreRussian President Vladimir Putin said on Wednesday a deal between OPEC and other oil producers to reduce production could be extended to the end of 2018, a longer time frame than others have suggested till now in the bid to curb a supply glut. The pact between the Organization of the Petroleum Exporting Countries, Russia […]
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