German prosecutors raid Commerzbank in tax evasion probe
FRANKFURT (Reuters) – Germany’s Commerzbank has become the target of a tax evasion probe in which several current and former managers are suspected of evading 40 million euros ($47 million) in taxes via so-called dividend stripping.
Wall Street opens lower on worries over delay in tax cuts
(Reuters) – The S&P and the Nasdaq were lower at the open on Friday as investors worried about a delay in corporate tax cuts, while losses on the Dow were limited by a rise in Walt Disney’s shares.
Blooming U.S. business interest in Cuba wilts under Trump
HAVANA (Reuters) – Packed into a remote corner of a pavilion, just 13 U.S. companies took stands at Cuba’s sprawling trade fair this year, in a sign of how firms’ interest in doing business on the island has dwindled in the first year of Donald Trump’s presidency.
J.C. Penney same-store sales rose double what Wall Street expected
(Reuters) – Department store chain J.C. Penney Co Inc reported an increase in third-quarter same-store sales that was twice what analysts expected, sending its shares up 15 percent in premarket trading on Friday.
Nvidia set to open at record on soaring Volta chip demand
(Reuters) – Shares of Nvidia Corp are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and dr…
Middle East tensions loom over Dubai aerospace pageant
DUBAI (Reuters) – Rising Middle East tensions and a corruption crackdown in Saudi Arabia will cast a shadow over next week’s Dubai Airshow, as military and aerospace leaders try to gauge whether they might prolong a weapons-buying spree in the region.
Ministerial meeting on Airbus A400M delayed until February: sources
BERLIN (Reuters) – NATO buyer nations for the European A400M military transport plane have postponed a ministerial meeting on the troubled program for three months until February, said two sources familiar with the 20 billion euro project.
Bitcoin slides by over $1,000 in less than 48 hours
LONDON (Reuters) – Bitcoin dropped below $7,000 on Friday to trade more than $1,000 down from an all-time high hit on Wednesday, as some traders dumped it for a clone called Bitcoin Cash, sending its value up around a third.
Uber loses UK appeal bid to overturn workers’ rights decision
LONDON (Reuters) – Taxi app Uber [UBER.UL] lost a bid on Friday to overturn a decision by a tribunal which had said its drivers deserved workers’ rights such as the minimum wage, in a blow to the company as it also battles to keep its license in London…
Global stocks dip on U.S. tax doubts
LONDON (Reuters) – World stocks edged lower on Friday on signs that U.S. tax reforms could be delayed after Senate Republicans offered a plan that differed significantly from the House of Representatives’ version.
