EXCLUSIVE Mexico not eyeing tax hikes in fiscal reform -deputy finance minister
Mexico’s government does not envisage tax increases in an upcoming fiscal reform plan, but will consider closing loopholes, improving taxing efficiency and expanding the taxable base, Deputy Finance Minister Gabriel Yorio said on Tuesday.
Stocks touch new highs as volatility eases, dollar gains
A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.
LME to reopen iconic trading floor, but says electronic trading is future
The London Metal Exchange has abandoned proposals to close its open outcry trading floor, the last such venue in Europe, it said on Tuesday, but added it believes electronic trading is the future.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Cathay Pacific given extension to draw down $1 bln govt loan
Cathay Pacific Airways Ltd (0293.HK) said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.
Japan upgrades Q1 GDP on smaller hit to domestic demand
Japan’s economy shrank less than initially reported in the first quarter on smaller cuts to plant and equipment spending, but the coronavirus pandemic still dealt a huge blow to overall demand.
U.S. seizes $2.3 mln in bitcoin paid to Colonial Pipeline hackers
The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the most disruptive U.S. cyberattack on record.
World Bank slashes GDP growth forecasts for the Philippines
The World Bank has slashed its Philippine growth projection for this year due to a deeper-than-expected contraction in the first quarter and the reimposition of stricter quarantine measures in the capital region to contain a surge in COVID-19 cases.
Apple adds virtual IDs on iPhone, video plans that rival Zoom, Teams
Apple Inc (AAPL.O), facing accusations from rivals that it has too much control over its App Store, on Monday outlined plans to increase user privacy and keep consumer data out of other companies’ hands, laying out features including expanded video conferencing and storing virtual government IDs on iPhones.
EXCLUSIVE Cuba and wealthy creditors hope to save landmark accord
Cuba’s top debt negotiator is in France for a critical meeting on Thursday aimed at renegotiating a deal with 14 wealthy nations grouped together within the Paris Club, according to diplomats from four of the countries involved.
