16 July, 2015 by The TZ Newswire Staff Comments Off on Petrobras pays Brazil $508 million to settle tax dispute
Petrobras pays Brazil $508 million to settle tax dispute
Brazil’s state-run oil company Petroleo Brasileiro SA said late Thursday it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take a charge against second-quarter earnings. The payment includes 1.2 billion reais in back taxes and 400 million reais in fines and interest, Petrobras, as the company is formally known, said in a statement. The payment comes after Brazil’s CARF, a tax-ajudication body in the Finance Ministry, ruled that Petrobras must pay a financial-transaction tax known as the IOF.
16 July, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Obama, Saudi foreign minister to meet Friday in shadow of Iran deal
The Wall Street Journal: Obama, Saudi foreign minister to meet Friday in shadow of Iran deal
In the wake of the nuclear agreement with Iran, President Barack Obama is due to meet Friday with Saudi Arabia’s foreign minister.
read more
16 July, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Germany blasts Deutsche Bank executives over culture
The Wall Street Journal: Germany blasts Deutsche Bank executives over culture
German regulators accuse a half-dozen current Deutsche Bank executives of failing to stop or tell regulators about years of attempted market manipulation, The Wall Street Journal reports.
read more
16 July, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Hulu explores adding ad-free option to its service
The Wall Street Journal: Hulu explores adding ad-free option to its service
Hulu is exploring plans to add an advertising-free option to its service, as the streaming-video provider tries to become a stronger rival to Netflix, The Wall Street Journal reports.
read more
16 July, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: China shares edge higher
Asia Markets: China shares edge higher
A rally across Asian markets is fading, although stability appears to return to China shares, with Shanghai edging higher for the second straight day and Hong Kong shares head for their first positive week in four.
read more
16 July, 2015 by The TZ Newswire Staff Comments Off on China H-Share Analysts See 20% Gain on Valuations Rarely So Low
China H-Share Analysts See 20% Gain on Valuations Rarely So Low
Chinese stocks in Hong Kong are poised to rally 20 percent by December after valuations fell close to the cheapest level in 12 years versus global equities.
16 July, 2015 by The TZ Newswire Staff Comments Off on Greece Is Just The Beginning: The 21st Century ‘Enclosures’ Have Begun
Greece Is Just The Beginning: The 21st Century ‘Enclosures’ Have Begun
Submitted by Paul Craig Roberts,
All of Europe, and insouciant Americans and Canadians as well, are put on notice by Syriza’s surrender to the agents of the One Percent. The message from the collapse of Syriza is that the social welfare system throughout the West will be dismantled.