MELBOURNE: Global mining and trading giant Glencore has won a dispute with Australia's Taxation Office after a judge found it had paid the correct amount of tax on purchases of copper concentrate from a mine that it owns in New South Wales state. Australia's Tax Commissioner alleged that ...
Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers' efforts to avert a no-deal Brexit.
Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers' efforts to avert a no-deal Brexit.
The dispute is being played out within a complex confluence of historical grievances, domestic politics, the ongoing US-China trade war and a looming global recession, says INSEAD's Pushan Dutt.
A World Bank arbitration panel lowered an initial US$8.7 billion award to U.S. oil company ConocoPhillips as compensation for Venezuela's 2007 expropriation of its assets to US$8.5 billion, according to a decision dated August 29 posted online.
Hyundai Motor Co's unionized workers in South Korea voted on Monday to accept the lowest bonus offered in nearly two decades amid widespread restructuring in the auto industry and a damaging trade dispute with Japan.
Swedish telecoms operator Telia has offered concessions to allow rivals fair access to its TV channels to address EU antitrust concerns about its US$957 million bid for Bonnier Broadcasting, an EU document seen by Reuters showed.
LONDON: The pound slid on Monday (Sep 2) as speculation mounted about an early election and data revealed a slump in UK manufacturing fuelled by Brexit uncertainty, traders said. Sterling fell nearly 0.8 per cent versus the dollar in late London trading. That helped lend strong support to ...
HONG KONG: HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday. HSBC, like many of its competitors, has been looking to use digital ledger technology, or blockchain, to streamline the traditionally paper-based and bureaucratic business ...
Argentina's international dollar bonds hit record lows on Monday while its financial stocks tumbled and risk premia shot up after President Mauricio Macri reimposed capital controls on Sunday as the country's debt crisis spirals.
