Of late, the U.S. government has focused on the cyber security, data integrity and privacy related angles to a deal before it gives its blessings. The U.S. government has rejected the acquisition bid by Ant Financial, a unit of Alibaba… Read More ›
United States
British energy giant BP set to gain from overhaul of U.S. tax reforms
Large oil firms, including BP and Shell are expected to benefit from changes made to the U.S tax code. On Tuesday, BP stated it expects a positive outcome from the recent changes in the U.S. tax law on its future… Read More ›
Crude oil posts strongest ever opening of the year since 2014
Despite receiving support for its bullish upward drive, rising U.S. oil production is likely to be a drag for oil’d 2018 outlook. On Tuesday, oil prices posted their strongest ever opening since 2014, with the anti-government uprising in Iran along… Read More ›
U.S. Congress approves 2.3% tax on U.S. medical devices
As per lobby groups from medical device makers, the re-imposition of the levy stiffles will once again stifle growth in the sector and slash jobs. Despite opposition from the medical manufacturing industry and a section of U.S. lawmakers, the U.S…. Read More ›
AT&T’s stands to gains significantly from its FirstNet project
All 50 States of the U.S. have agreed to participate in this $6.5 billion nationwide broadband network with U.S. territories, including Guam, Northern Mariana Islands, American Samoa set to confirm their respective participation by the end of March 2018. Following… Read More ›
Nippon Life Insurance – looking to diversify its revenue streams
Nippon Life Insurance’s move is in line with the insurance industry’s efforts to divert funds into foreign corporate bonds and alternative investments, however the rise of interest rates in the U.S. is likely to pose a challenge to its strategy… Read More ›
South Korea seizes Hong Kong-flagged vessel for supplying oil to North Korean vessels at mid-sea
South Korean officials have seized the vessel Lighthouse Winmore which they say transferred oil to North Korean vessels at mid-sea. An official from South Korea’s foreign ministry stated it has seized a Hong Kong flagged vessel suspected of transferring oil… Read More ›
Drugmaker Amgen Inc to pay $6 billion to $6.5 billion in taxes over a span of time
Amgen stated the U.S. repatriation tax will impact its current generally accepted accounting principles (GAAP) earnings forecast, but will not have any affect on its non-GAAP forecast. With U.S. President Donald Trump signing the new tax bill into law on… Read More ›
Credit Suisse to write-down $2.3 billion due to changes in U.S. tax law
The Swiss banking giant stated it will provide a more detailed report on the impact of the U.S tax bill on its operations in its fourth quarter report, scheduled to be published on Feb. 14. Swiss banking giant Credit Suisse… Read More ›
Corporate criminal case against China’s ZTE takes an interesting turn
While an investigation by the U.S. Department of Justice found ZTE shipping goods illegally to Iran and its ally North Korea in violation of U.S. trade laws, which led to the company paying a record fine. The manner in which… Read More ›
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