U.S. stock benchmarks added to modest losses Monday afternoon after a report indicated that the House of Representatives is considering phasing in a cut to corporate taxes rather than enacting them immediately. Investors were awaiting a batch of key events later in the week, including a Federal Reserve meeting, the announcement of…
DetailsTOKYO–(BUSINESS WIRE)–Mitsubishi UFJ Financial Group, Inc. (MUFG) announced the functional realignment of its group subsidiaries in its press release titled Functional Realignment of Group Subsidiaries issued on May 15, 2017 (the May 15 Press Release). To implement the functional realignment, Mitsubishi UFJ Trust and Banking Corporation (the Trust Bank) and The Bank of Tokyo-Mitsubishi UFJ,…
DetailsMining billionaire Andrew Forrest has savaged the gambling industry and its impact on families while calling for a shake up of GST distribution. Mr Forrest said pokies revenue collected by the states should be included in calculations to determine GST allocations in the same way as mining royalties. He said the existing GST carve-up encouraged…
DetailsTOKYO–(BUSINESS WIRE)– Mitsubishi UFJ Financial Group, Inc. The Bank of Tokyo-Mitsubishi UFJ, Ltd. Mitsubishi UFJ Trust and Banking Corporation Corporate Split and Business Transfers under Functional Realignment of Group Subsidiaries Tokyo, October 31, 2017— Mitsubishi UFJ Financial Group, Inc. (MUFG) announced the functional realignment of its group subsidiaries in its press release titled Functional Realignment…
DetailsShares in Reliance Communications jumped as much as 16 per cent on Tuesday after the troubled Indian telecoms company announced a debt restructuring proposal that would dramatically shrink its business, while handing a majority equity stake to its creditors. RCom, controlled by tycoon Anil Ambani, has been struggling to service Rs457bn ($7bn) of debt amid a price…
DetailsAs the emotional final flight of the bankrupt airline, Air Berlin, was taking place on Friday, easyJet was sealing a deal that will transform its status in Germany. The UKs biggest budget airline is paying 40m (£35m) for slots at the German capitals leading airport, Tegel, as well as operating leases on up to 25…
DetailsIn the thick of open enrollment season, savvy employers and benefit advisers have eased the onslaught of information and complex benefit jargon by spreading out employee sign-up before the mad Fall rush. Employee Benefit Adviser spoke with Jeffrey Faber, HUB International Midwests chief operating officer, to discuss how employers are urging employees to save with…
DetailsMaybe its a West Australian thing, but Richard Goyder cant help but shake his head and chuckle when chatting about his elevation to the most powerful position in Australian sport. At the kitchen table of his beautifully renovated Toodyay homestead, relaxed in a blue Sloppy Joe, grubby work jeans and thick socks any country boy…
DetailsNEW DELHI: India expects a double-digit jump in the World Bank‘s ‘ease of doing business’ rankings which will be released tomorrow. The government hopes the string of reforms it has initiated would reflect in the ranking. In the 2017 report released last year, India ranked at 130 out of the 190 countries evaluated, improving just…
DetailsThe Tax Office has fallen short of budget revenue targets by $4.2 billion, its 2017 annual report shows. The 20,435-strong organisation also reported it continued to cut deals with the top end of down, rather than heading to court. The ATO continued to settle disputes rather than head to court Over the past financial year the ATO initially…
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