U.S. tax curbs on debt deduction to sting buyout barons
(Reuters) – As corporate America celebrates one of the biggest-ever cuts to its tax bill, one corner of Wall Street is fretting over the impact the reforms will have on its ability to profitably invest in companies.
Steinhoff investor Wiese sells part of Shoprite stake
JOHANNESBURG (Reuters) – South African investor Christo Wiese has sold an additional 1.1 billion rand ($87 million) of shares in supermarket group Shoprite , exchange filings showed on Thursday, after his exposure to scandal-hit retailer Steinhoff den…
Swiss find serious shortcomings at JPMorgan in 1MDB case
ZURICH (Reuters) – Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of U.S. bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB.
Kobe Steel says senior executives knew about data tampering
TOKYO (Reuters) – Kobe Steel Ltd , at the centre of a data-falsification scandal that has shaken Japan’s manufacturing industry, admitted for the first time that executives were aware of the cheating, and reassigned three senior officials.
BNY Mellon freezes $22 billion in Kazakhstan assets: source
ALMATY (Reuters) – The Bank of New York Mellon has frozen $22 billion in assets held by Kazakhstan’s National Fund over a lawsuit launched by Moldovan businessman Anatolie Stati and his companies against the Kazakh government, a source familiar with t…
Catalan vote tests Europe
LONDON (Reuters) – World markets offered a muted reception on Thursday to the passage of U.S. tax cuts as potential benefits to company bottom lines were already priced in, while bonds were spooked by the blowout in government debt needed to fund the g…
Kobe Steel to announce personnel decision, investigation update
TOKYO (Reuters) – Kobe Steel Ltd , at the center of a data-falsification scandal that has shaken Japan’s manufacturing industry, said it would announce an important personnel-related decision later on Thursday.
Japan Display says report it sought Apple, Huawei funds is ‘speculative’
TOKYO (Reuters) – Cash-strapped smartphone screen maker Japan Display Inc dismissed a report on Thursday that it was seeking investment from Apple Inc and Huawei Technologies Co Ltd [HWT.UL] as “speculative” and declined to comment further.
Toys ‘R’ Us plans new playdate with U.S. shoppers
WALLKILL, NEW YORK (Reuters) – Joshua and Amy Hightower drive 40 minutes to a Toys ‘R’ Us Inc store in a blue collar neighborhood in Wallkill, one of the farthest reaches of the New York City suburbs, so their children can try toys at an amusement area…
BNY Mellon freezes $22 billion of Kazakhstan assets: source
ALMATY (Reuters) – The Bank of New York Mellon has frozen $22 billion in Kazakhstan’s oil-generated National Fund’s assets over a lawsuit launched by Moldovan businessman Anatolie Stati and his companies against the Kazakh government, a source familia…
