(Reuters) – Russia’s Finance Ministry is proposing an increase in tax rates for individuals earning more than 2.4 million roubles ($27,100) annually, Finance Minister Anton Siluanov said in a statement isssued by his ministry’s press service. The statement said the ministry had submitted to the government alterations to the tax system, with a tax rate …
Russian finance ministry proposes boosting some income tax rates Read More »
By Zaheer Kachwala (Reuters) – Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value …
AI darling Nvidia’s market value surges closer to Apple Read More »
By Felix Njini and Clara Denina JOHANNESBURG/LONDON (Reuters) -BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world’s biggest miner to submit a binding offer, five sources said. Anglo granted its bigger rival a one week …
BHP and Anglo dig in even as takeover talks deadline nears, sources say Read More »
By Foo Yun Chee BRUSSELS (Reuters) – The European Energy Exchange (EEX) has offered remedies in a bid to address EU antitrust concerns about its bid for Nasdaq’s European power trading and clearing business, according to an update on the European Commission website on Tuesday. EEX, which is part of Deutsche Boerse, submitted its proposal …
EEX offers remedies to address EU concerns on Nasdaq deal Read More »
By Pranav Kashyap and Purvi Agarwal (Reuters) -Britain’s FTSE 100 extended declines on Tuesday, as uncertainty over interest rate cuts in the U.S. and the domestic political landscape weighed on sentiment, while markets awaited Bank of England Governor Andrew Bailey’s comments later in the week. The blue-chip FTSE 100 was down 0.8%, logging its worst …
FTSE 100 logs worst day in a month as rate, political uncertainty weigh Read More »
By Elizabeth Piper and Kate Holton LONDON (Reuters) -Britain’s opposition Labour Party said on Tuesday it would prioritise economic stability if it won a national election on July 4, with its finance policy chief saying she would focus on spurring successful businesses. Less than a week after Prime Minister Rishi Sunak shocked not only opposition …
UK’s Labour puts economic stability at heart of election offer Read More »
By Khushi Singh (Reuters) -European shares struggled for direction on Tuesday after the European Central Bank’s survey showed consumers’ easing inflation expectations in April, while real estate shares kept the index afloat. The pan-European STOXX 600 index was flat at 8450 GMT, with most European markets up except France’s CAC 40 index. German shares added …
European shares waver as euro zone consumers lower inflation expectation Read More »
OSLO (Reuters) – Some 17 Norwegian Air pilots plan to take strike action from June 1 if wage negotiations with the budget carrier fail later this week, a government-appointed mediator said on Tuesday. A conflict could quickly escalate, and may eventually comprise 690 pilots employed by the company’s unit in Norway, according to the wage …
Norwegian Air pilots threaten to strike from June 1 Read More »
FRANKFURT (Reuters) – Euro zone consumers lowered their inflation expectations last month, a fresh European Central Bank survey showed on Tuesday, just as the bank was making plans to start rolling back a record string of interest rate hikes. Expectations for inflation in the next 12 months eased to 2.9% from 3.0% a month earlier …
Euro zone consumers lower inflation expectation, ECB survey shows Read More »
DUESSELDORF/FRANKFURT (Reuters) – Thyssenkrupp said on Tuesday Martin Stillger, head of its materials services trading unit, would step down at the end of May, drawing further union criticism over management decisions pushed through despite the opposition of workers. Thyssenkrupp Materials Services accounted for more than a third of the group’s total revenue in the 2022/23 …
Thyssenkrupp materials trading unit head Stillger steps down Read More »
