An alleged effort by Sotheby’s to help wealthy art collectors avoid paying sales tax on purchases for their homes was “far more extensive and serious than previously known,” New York’s attorney general said.
Oi SA, the distressed Brazilian telecom operator, postponed from April 26 to May 22 the publication of its balance sheet for the fourth quarter of 2022, according to a regulatory filing.
The European Union is set to propose a ban on many goods transiting through Russia as the bloc attempts to tighten the screws on the enforcement of sanctions imposed over the past year.
It’s still early in earnings season, but the results so far are coming in strong enough that some on Wall Street are starting to wonder if they were too pessimistic about Corporate America’s performance.
The conversation around the role of central banks in the economy has taken on a new dimension among US presidential hopefuls like Ron DeSantis and Vivek Ramaswamy. These politicians want to make it clear they would not support any proposals for a central bank-backed digital US dollar as they make an early push to drum up momentum for their campaigns.
What’s buzzing on social media this morning:
Poland is close to overcoming inflation pressures and has done so without overreacting in a way that could have damaged the economy for years, said ruling party leader Jaroslaw Kaczynski.
The Philippines and China have agreed to establish “more lines of communications” to immediately resolve conflicts between the two countries over the West Philippine Sea, President Ferdinand Marcos Jr. said.
Sometimes when volatility jolts financial markets, the safest trades can quickly morph into dangerous bets.
The re-opening of the famous Fifth Avenue flagship is an ode to a new era for the American jewelry house—and a run toward higher end clientele, says Anthony Ledru.
