EU outlines plans to make multinationals pay their share of tax
BRUSSELS (Reuters) – The European Commission outlined plans on Wednesday to limit how much multinational companies can reduce taxes on their European earnings through the use of creative accounting.
Global lower rate environment harmful to investors: BlackRock CEO
(Reuters) – Lowering interest rates around the world to boost the global economy has reached a point where it is now “quite harmful” to clients, including pension funds and insurers, BlackRock Inc Chairman and Chief Executive Officer Laurence Fink said…
Airbus CEO says A400M problems should not affect 2015 guidance
PARIS (Reuters) – The head of Airbus Group sought on Wednesday to reassure investors over the impact of a recent crash of the A400M military transporter, saying its subsequent partial grounding should not disrupt 2015 financial forecasts.
Altice owner says wasn’t ready for Time Warner Cable deal
PARIS (Reuters) – Patrick Drahi, the billionaire owner of European telecoms group Altice, said he didn’t bid for Time Warner Cable because his company lacked management resources to digest such a big deal in a market it had only recently entered.
Homebuilder Toll Brothers profit beats estimates
(Reuters) – Toll Brothers Inc , the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit and raised the low end of its average selling price forecast for the full year as demand strengthens.
G7 finance chiefs ponder flagging growth, Greek risk
DRESDEN, Germany (Reuters) – Little more than a gentlemen’s club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China’s growing economic clout.
Ahead of G7, U.S. warns Europe not to miscalculate over Greece
LONDON (Reuters) – The United States urged European negotiators not to miscalculate as they try to negotiate a debt deal with Greece’s cash-strapped government, because the cost of a Greek exit from the euro zone was impossible to predict exactly.
Dollar has quick pitstop, then motors to new highs
LONDON (Reuters) – Financial market trading revolved around the U.S. dollar on Wednesday with European shares rallying on the back of a weak euro and U.S. shares and commodities struggling.
Investor Bill Gross: Bet against Bunds ‘well timed, not well executed’
(Reuters) – Bill Gross, the widely followed investor, admitted in his June Investment Outlook on Wednesday that his bet against the German Bund market was well timed but not profitable.
‘Brexit’ would be bad for business: Lloyd’s of London CEO
LUXEMBOURG (Reuters) – A British referendum decision to leave the European Union would damage the country’s business prospects, Lloyd’s of London [LOL.UL] Chief Executive Inga Beale said in Luxembourg on Wednesday.
