The U.S. Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for U.S. multinational firms.
Japan’s core consumer prices fell for the ninth straight month in April as a record slump in cellphone fees offset rising energy prices, suggesting that weak demand and higher costs will weigh on a fragile economic recovery.
Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.
SoftBank-backed office-sharing startup WeWork on Thursday reported a first-quarter net loss of $2.06 billion, as it was hit by restructuring charges while it prepares to go public through a merger with a blank-check firm.
Strong stock market debuts by oat milk maker Oatly Group AB (OTLY.O) and construction software firm Procore Technologies (PCOR.N) eased investor concerns on Thursday that U.S. initial public offerings (IPOs) could suffer a bout of volatility.
Apollo Global Management Inc (APO.N) said on Thursday co-founder Joshua Harris has decided to step down from his day-to-day role, the latest in a series of governance changes at the private equity firm.
The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings in sterling corporate bonds better aligned with government goals to achieve net zero carbon emissions, starting later this year.
Bitcoin fell 3% on Friday, giving up early gains, as its recovery from this week’s massive plunge showed signs of faltering.
Asian tech and growth stocks rallied on Friday, following Wall Street’s overnight lead, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
Concerns that the US would need to intervene to control
The U.S. Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for U.S. multinational firms.
Japan’s core consumer prices fell for the ninth straight month in April as a record slump in cellphone fees offset rising energy prices, suggesting that weak demand and higher costs will weigh on a fragile economic recovery.
Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.
SoftBank-backed office-sharing startup WeWork on Thursday reported a first-quarter net loss of $2.06 billion, as it was hit by restructuring charges while it prepares to go public through a merger with a blank-check firm.
Strong stock market debuts by oat milk maker Oatly Group AB (OTLY.O) and construction software firm Procore Technologies (PCOR.N) eased investor concerns on Thursday that U.S. initial public offerings (IPOs) could suffer a bout of volatility.
Apollo Global Management Inc (APO.N) said on Thursday co-founder Joshua Harris has decided to step down from his day-to-day role, the latest in a series of governance changes at the private equity firm.
The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings in sterling corporate bonds better aligned with government goals to achieve net zero carbon emissions, starting later this year.
Bitcoin fell 3% on Friday, giving up early gains, as its recovery from this week’s massive plunge showed signs of faltering.
Asian tech and growth stocks rallied on Friday, following Wall Street’s overnight lead, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
Concerns that the US would need to intervene to control
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