Clinton ‘exit tax’ to take aim at companies’ inversion deals
WASHINGTON (Reuters) – U.S. Democratic presidential candidate Hillary Clinton will announce a planned crackdown on corporations that shift profits overseas, including a new “exit tax” against so-called inversion deals, her campaign said on Monday.
Ford’s Russia unit looks to exports to offset slump in home market
MOSCOW (Reuters) – U.S. carmaker Ford’s Russian unit is considering expanding exports as weak sales in its home market look set to continue for another year at least, its chief executive told Reuters.
Deutsche Bank launches ‘robo adviser’ for equities investors
FRANKFURT (Reuters) – Deutsche Bank has launched a computerized investment advisory service, seeking to keep up with other asset managers who have started introducing “robo advisers” to help certain clients create portfolios inexpensively.
Exclusive: Cuba nears deal with Paris Club on debt forgiveness
HAVANA (Reuters) – Cuba is near a deal with 15 rich creditor nations of the Paris Club to restructure $16 billion in debt stemming from a 1986 default, with creditors expected to forgive most of the amount owed, diplomats close to the talks said.
IMF’s Lagarde calls for ‘wise’ taxes to foster greener fuels
BERLIN (Reuters) – International Monetary Fund chief Christine Lagarde called on Monday for tax reforms to be included in a global climate deal to raise incentives for consumers to reduce their energy consumption and to boost demand for cleaner fuels.
Oil at lowest in almost seven years on OPEC inaction, strong dollar
LONDON (Reuters) – Oil prices fell to their lowest in nearly seven years on Monday after OPEC’s meeting ended in disagreement over production cuts and without a reference to its output ceiling, while a stronger dollar made it more expensive to hold cru…
NXP completes deal to buy Freescale and create top auto chipmaker
FRANKFURT (Reuters) – NXP has completed its nearly $12 billion deal to buy Freescale, doubling the proportion of auto-related revenue to 40 percent to create the world’s top maker of automotive electronics, it said on Monday. Faltering demand in comput…
AIG offering up to $1 billion stake in Chinese insurer PICC P&C
HONG KONG (Reuters) – American International Group (AIG) is selling a stake in PICC Property and Casualty Co Ltd worth up to $1 billion to institutional investors through a block deal, cutting its shareholding in the Chinese state-owned insurer for the…
Despite low oil prices, Gates looks to Gulf in anti-poverty campaign
ABU DHABI (Reuters) – Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim world, but a growing culture of philanthropy may draw in wealthy regional donors, billionaire campaigner Bi…
Europe shares rise as firm dollar takes shine off euro
LONDON (Reuters) – European shares started the week strongly on Monday, buoyed by gains on Wall Street and a weaker euro, while the dollar rose after upbeat jobs data on Friday bolstered investor confidence in the strength of the U.S. economy.
