Browsing Category News
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Uncertainty surrounds India’s GAAR implementation
The Indian government decided to defer implementing GAAR for another year after a visit from the US Treasury Secretary in April. General Anti-Avoidance Rules were established to fi... -
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Spain downgraded as banks face €112bn hit
Fitch sliced its rating on government debt three notches from A to BBB, barely above junk status, blaming the enormous projected cost of cleaning up the country’s troubled bankin... -
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Facebook investors eat humble pie
The social media giant was plagued with technical problems on its first day of trading, marring it’s highly anticipated stock offering last month. Computer glitches at the Nasdaq... -
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Diageo raises toast to Brazil
Drinks group Diageo is toasting its success in the Brazilian market through the acquisition of spirit brand Ypióca for $469m. The UK-based company who make Guinness, Johnnie Walke... -
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Dewey & LeBoeuf files biggest Chapter 11 in US history
New York-based corporate law firm Dewey & LeBoeuf has filed for bankruptcy protection in what is widely perceived to be the largest law firm collapse in US history. The intern... -
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Supreme Court rules Finance Act 2007 in breach of EU law
The US Supreme Court late on Wednesday handed down a long awaited judgement which upheld the appellants’ claim in the FII group Litigation v HM Revenue & Customs. The judge ... -
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Alibaba to buy back half of Yahoo stake
China’s biggest e-commerce provider, Alibaba Group Holdings, has come to a $7.1bn agreement after years of negotiations with Yahoo! to buy back half the 40 percent share owned by... -
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Dreyfus set to debut capital markets
Global commodities giant Louis Dreyfus announced late Sunday it is planning to issue bonds for the first time in its 160-year history, according to its CEO Serge Schoen. The firm i... -
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China sees off sea claims with independent deep water drilling
China National Offshore Oil Corp (Cnooc), China’s biggest offshore oil producer, late on Wednesday commenced its first unaided deepwater exploration in the South China Sea. Cnooc... -
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Unemployment rate hits record high
Unemployment figures for March within the 17 nations of the eurozone rose by 169,000 or at a rate of 10.9 percent, the highest level since the euro launch, said statistics agency E...
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