How Reuters compared U.S. corporations’ taxes with their foreign rivals
Reuters analyzed the filings of hundreds of U.S. and foreign companies to compare their tax bills, finding that the U.S. firms currently pay far lower taxes – and would likely continue to pay lower taxes under a tax hike proposed by U.S. President Joe Biden.
Analysis: Investors focus on central bank speakers after extreme market moves
With all eyes on the U.S. central bank this week, some investors are looking to a parade of Federal Reserve speakers to calm market volatility, saying the reaction to the Fed’s June meeting was too extreme.
Stocks recover from 4-week lows as focus switches back to post-pandemic growth
Global shares extended their recovery on Tuesday from four week lows, as investors focused on prospects for post-pandemic economic growth, rather than fret more over the hawkish stance taken by the U.S. Federal Reserve at a policy meeting last week.
Explainer: What’s happening with Tesla’s $7 billion German ‘gigafactory’?
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.
Canada’s climate plan charts hard road ahead for high-polluting oil sands
Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps.
Dollar pauses ahead of Fed testimony, cryptocurrencies attempt recovery
The dollar paused for breath on Tuesday as traders looked to testimony from Federal Reserve Chair Jerome Powell for further guidance on the recent surprise shift in the central bank’s policy outlook, while support crept back for cryptocurrencies.
UBS hires Morgan Stanley bankers to lead U.S. outsourced trading drive
UBS (UBSG.S) has hired two bankers from Morgan Stanley (MS.N) to help build its trading services for hedge funds and asset managers in the United Sates, according to a memo seen by Reuters and confirmed by a spokesperson for the Swiss bank.
SpaceX’s Starlink expects it can provide global coverage around September
Starlink, the satellite internet unit of Elon Musk’s SpaceX, expects to be able to provide continuous global coverage by around September but will then need to seek regulatory approvals, its president Gwynne Shotwel said on Tuesday.
Analysis: EU industry hands Brussels headache over carbon border levy
Brussels policymakers, about to unveil the world’s first carbon border levy, are caught between industry demands to twin it with free carbon permits worth billions of euros, and analysts’ warnings that doing so could expose the EU to legal challenges at the WTO.
EXCLUSIVE Farm Belt lawmakers push for biofuel investment and tax credits in new bills
Billions of dollars in federal investments and tax credits to boost demand for U.S. biofuels will be part of two bills that Democratic lawmakers will introduce to the U.S. Congress, two sources familiar with the plans said.
