UK to slash corporation tax to cushion hit from Brexit
LONDON/DUBLIN Britain has announced plans to cut corporation tax to less than 15 percent in an attempt to cushion the shock of the country's decision to leave the European Union, raising the prospect of competitive tax cuts across the bloc.Finance minister George Osborne told the Financial Times he wanted to build a "super competitive economy" with low business taxes and a global focus.The new rate, which was announced without a target date, compares with Osborne's previous target to cut corpo..>> view originalThree Former Barclays Traders Found Guilty in Libor Case
Three former Barclays Plc traders were found guilty of Libor manipulation almost four years to the day since the bank paid out hundreds of millions of dollars in fines for fixing the key benchmark rate behind more than $350 trillion in securities.Jonathan Mathew, 35, Jay Merchant, 45, and Alex Pabon, 38, were convicted last week of conspiring with other Barclays employees to rig the London interbank offered rate between June 1, 2005, and August 31, 2007. Jonathan Mathew, Alex Pabon and Jay Mer..>> view originalPower outage affecting flights at Lambert
Power restored at Lambert, flights resume as planned The downpour damaged an ameren substation this morning causing two transformers to blow, knocking out power to Terminal one - and hundreds of homes - for more than five hours. Kiya Edwards, KSDK 7:54 AM. CDT July 04, 2016 Lambert-St. Louis International Airport (Photo: KSDK) ST. LOUIS, Mo. - Around 5 p.m. Sunday, Ameren Missouri crews fixed a substation that services power to Terminal 1 of Lambert-St. Loui..>> view originalIsraeli Businessman Nochi Dankner Convicted of Securities Fraud
Nochi Danker, once one of Israel’s most powerful businessmen, with holdings ranging from telecoms to insurance, was convicted of stock manipulation by a Tel Aviv court.The former controlling shareholder of IDB Holding Corp., Dankner was charged with improperly influencing IDB’s share price days before a planned securities issuance in February 2012, according to an e-mailed statement Monday from the Tel Aviv District Economic Court. The former tycoon could face as much as five years in prison, t..>> view originalUPDATE 1-Italy leads euro zone borrowing costs rise as post-Brexit slide halts
(Writes through)By Dhara RanasingheLONDON, July 4 Italy led euro zone bond yields higher on Monday as worries about the health of Italian banks and some 20 billion euros of issuance in the region this week combined to halt a post-Brexit tumble in regional borrowing costs.Italy's banking sector is saddled with 360 billion euros of bad loans, a third of the euro zone's total, and recent market turmoil has raised worries that it might be particularly hard for Italian lenders to raise capital in t..>> view originalEuropean, UK shares snap winning streak, silver surges
LONDON The post-Brexit recovery across European markets stalled on Monday with major share indexes mixed and safe-haven demand for precious metals helping the price of silver surge to a near-two year high.Light trading volumes because of the July 4 public holiday in the United States is likely to keep markets choppy through the day.Europe's Stoxx 600 fell 0.4 percent and London's FTSE 100 .FTSE fell 0.2 percent with weaker financials offsetting gains from shares in mining companies.Earlier in..>> view originalBrent Oil Trades Near $50 as Nigeria Militants Renew Attacks
Brent crude traded near $50 a barrel as Nigerian militants carried out further attacks on oil production sites, threatening to deepen the country’s biggest output losses in decades.September futures rose as much as 0.8 percent in London after advancing 1.3 percent Friday. The Niger Delta Avengers said they attacked five crude-pumping facilities overnight Sunday, after two people were killed on June 29 when gunmen opened fire on a boat of Eni SpA workers in the Niger River delta. Shale drillers ..>> view originalStock under consideration: MGM Resorts International (NYSE:MGM)
MGM Resorts International (NYSE:MGM) The Company gained 0.66% and finished at $22.78. The daily volume was measured at 4.07 million shares. The 52-week high of the share price is $25.29 and the 52-week low is $16.18. The company has a market cap of $12.87 billion. Its latest closing price has a distance of -4.83% from SMA20 and is -0.28 down than SMA50. The stock currently has Price to Sales (P/S) value of 1.42 where Price to Book (P/B) value stands at 2.48.MGM is currently showing ROA (Retur..>> view originalOil climbs as market seen in balance, but slow demand weighs
LONDON Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.Brent crude futures LCOc1 were trading at $50.58 per barrel at 0938 GMT, up 23 cents from their last settlement. U.S. crude CLc1 was up 17 cents at $49.16.U.S. markets are closed on Monday for the U.S. Independence Day holiday.The energy minister of Saudi Arabia, the world's top crude exporter, and the secretary general..>> view originalA quarter of recent retirees would delay Social Security if they had a do-over
(zimmytws/Bigstock) I seldom write about Social Security without an huge response from readers. That’s not a bad thing. It seems that just about everyone has an opinion about Social Security – especially when it comes to the decision on when to take it. Many financial advisers recommend that people wait until 70, very few do. In fact, most people don’t even wait until full retirement age, and end up taking it as soon as they are eligible – at 62. Well, a new survey says that, given the chanc..>> view original
Tuesday, July 5, 2016
UK to slash corporation tax to cushion hit from Brexit and other top stories.
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