Markets

No global digital tax by end-2020 would mean chaos: France

February 23, 2020

Originally published hereRIYADH (Reuters) – Failure to reach a global deal on where and how much to tax digital giants such as Google (GOOGL.O), Amazon (AMZN.O) or Facebook (FB.O) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday. FILE PHOTO: French Finance Minister Bruno Le Maire…

G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup

February 23, 2020

Originally published hereRIYADH (Reuters) – Finance chiefs of the world’s top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021. The Group of 20 (G20) finance ministers and…

As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold

February 23, 2020

Originally published hereWINNIPEG, Manitoba (Reuters) – As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. FILE PHOTO: Rows of steam generators line a road at the Cenovus Energy Christina…

Buffett defends Berkshire stock push, reassures on future as profit smashes record

February 23, 2020

Originally published hereNEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s (BRKa.N) decision to invest heavily in stocks of companies such as Apple Inc (AAPL.O) as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to Berkshire shareholders to…

Buffett calls for more accountability for corporate directors

February 23, 2020

Originally published here(Reuters) – Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders…

Japan criticizes U.S. digital tax proposal at G20

February 23, 2020

Originally published here FILE PHOTO: Japanese finance minister Taro Aso takes questions at the annual meeting of the International Monetary Fund and World Bank in Washington, U.S., Oct. 18, 2019. REUTERS/James Lawler Duggan/File Photo RIYADH (Reuters) – Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine…

Amazon in Holocaust row about 'Hunters' series, anti-Semitic books

February 23, 2020

Originally published hereWARSAW (Reuters) – The Auschwitz Memorial criticized Amazon (AMZN.O) on Sunday for fictitious depictions of the Holocaust in its Prime series “Hunters” and for selling books of Nazi propaganda. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo Seventy-five years…

G20 finance heads see modest growth pickup, to monitor coronavirus

February 23, 2020

Originally published hereRIYADH (Reuters) – Finance leaders of the world’s top 20 economies expect economic growth to pick up modestly this year and next thanks to loose monetary policy and an easing of trade tensions, and vowed to monitor the effects of the coronavirus outbreak. U.S. Treasury Secretary Steven Mnuchin arrives for a welcome dinner…

Exclusive: If Lebanon needs financial aid, France will be there, finance minister says

February 23, 2020

Originally published here FILE PHOTO: French Finance and Economy Minister Bruno Le Maire speaks during the G20 finance ministers and central bank governors meeting in Riyadh, Saudi Arabia, February 22, 2020. REUTERS/Ahmed Yosri RIYADH (Reuters) – France is ready to support Lebanon financially — bilaterally or multilaterally — its finance minister said on Sunday, warning…

Banned Thai opposition party says junta helped 1MDB cover-up

February 23, 2020

Originally published hereBANGKOK (Reuters) – A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia’s multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha. View of the slogans written by Thai students and supporters during a protest against…