Reuters UK Business

By Rose Horowitch and David Lawder WASHINGTON (Reuters) – The main revenue source in the U.S. Senate’s newly passed tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code to slash their tax bills to zero. The nonpartisan Joint Committee …

Explainer-How could the new U.S. corporate minimum tax affect companies? Read More »

By Jessica DiNapoli NEW YORK (Reuters) – Coca-Cola Co’s bottler Coca Cola HBC AG will on Thursday detail the cost of stopping production and sales of Coke in Russia, a goal that has taken five months to reach as the company used up its existing supplies. Atlanta-based Coca-Cola Co, which relied on Coca Cola HBC …

Coca-Cola bottler to detail costs of exiting Russia Read More »

By Katanga Johnson WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed a rule to improve the quality of disclosures it receives from large hedge funds about their investment strategies and leverage. The rule, which was proposed in conjunction with the Commodity Futures Trading Commission (CFTC), is part of a broader regulatory …

U.S. SEC proposes boosting private fund disclosures on leverage, crypto Read More »

(Reuters) – Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business. The offering would help Meta, the only one among big technology companies without debt on its books, to build a more traditional balance …

Meta raises $10 billion in first-ever bond offering Read More »

By Yadarisa Shabong (Reuters) -TUI, one of the world’s largest tour operators, took a 75 million euros ($77 million) hit in the third quarter from flight disruption across Europe, pushing it to a loss on Wednesday. Incoming Chief Executive Sebastian Ebel said there would be significant but lower costs related to air disruption in the …

TUI’s disruption-hit quarter takes shine off strong summer bookings Read More »

LONDON (Reuters) -Liz Truss, the front-runner to become Britain’s next prime minister, would give ministers powers to override financial regulators if they hold back post-Brexit reforms, the Financial Times reported on Wednesday, after insurers urged action. Britain’s departure from the European Union allows it to write its own rules for the City of London, one …

Britain’s Truss backs powers to override financial watchdogs, says FT Read More »

BERLIN (Reuters) – The economic situation in Germany, Europe’s largest economy, is deteriorating and the outlook is fragile, Finance Minister Christian Lindner said on Wednesday, defending his plans to raise income tax thresholds in response to soaring inflation. “The economic perspective of our country has become fragile,” Lindner told reporters in Berlin. “The economy is …

German economic situation is deteriorating – Finance Minister Lindner Read More »

By Anthony Deutsch AMSTERDAM (Reuters) – Supermarket group Ahold Delhaize increased its full-year guidance after posting better than expected quarterly results on Wednesday, sending its shares up 7%. The company, which operates the Stop & Shop, Giant, Food Lion and Hannaford chains on the U.S. east coast, also announced the postponement of a planned initial …

Supermarket group Ahold lifted by better than expected results Read More »

HAMBURG (Reuters) – Water levels on the river Rhine in Germany have fallen again in hot and dry weather and shipping costs are rising as vessels cut loads to continue sailing, commodity traders said on Wednesday. Shallow water after the summer heat-wave has hampered shipping on the entire river in Germany since July, along with …

Rhine water falls again in Germany, river shipping costs rise Read More »