Uber says IRS looking at its 2013-14 tax returns
The US Internal Revenue Service is currently looking at Uber Technologies Inc?s taxes for 2013, and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
Samsung seeks bigger share of Indian market with new line of high-end TVs
BENGALURU: Samsung Electronics Co Ltd said on Tuesday it was aiming to expand its share of the India flat-screen TV market to more than a third within months, as it unveiled a new line of premium TVs it hopes will stave off the slowdown it and other suppliers have seen in other markets. Powered by its more than 1 ...
Kazakhstan central bank cuts 2019 current account deficit outlook
ALMATY: Kazakhstan?s central bank has cut its 2019 current account deficit outlook to 1.3-1.7pc of gross domestic product from the previously expected 3pc, Azat Uskenbayev, deputy head of the bank?s balance of payments department, said on Tuesday.
Serbia’s central bank expected to keep key rate at 3pc
BELGRADE: The Serbian central bank is seen keeping its borrowing costs on hold at 3pc this week as the dinar currency remains strong, growth stable and inflation increasing slightly, but still within target range, a Reuters poll showed on Tuesday. The central bank kept rates unchanged in May, saying the slowdown of global economic growth and inflation is influencing ...
Cement Cost Set To Go Up After Rs.125b Taxes In Budget
Lahore (UrduPoint / Pakistan Point News / Online - 04th June, 2019) The cement is going to high further after another increase in excise duty, hike in fuel and higher customs duty on the of coal being announced in the federal 2019-20.According to cement experts, the revenue shortfall gap of the ...
Allianz Warns Of Costs From New Shipping Emissions Rules
Frankfurt am Main, (UrduPoint / Pakistan Point News - 4th Jun, 2019 ) :New emissions rules set to hit the shipping sector next year risk causing costly harm to vessels, insurance giant Allianz said in a study published Tuesday.
Documented Economy Size Can Be Doubled To $1tr Through Real Reforms In Lahore
It is not possible through temporary amnesty schemes rather it can be done through reforms in bureaucracy especially in the , replacing it with an independent institution, setting it free any influence of the and political victimization, that can effectively enforce tax laws, strictly dealing with smuggling, custom duty evasion and black with zero tolerance.These views ...
Country's exports increased by 7% as production line gone up: Razak Dawood
Talking to Chairman Faisalabad Industrial Estate Development and Management Company, Mian Kashif Ashfaq in Lahore on Tuesday, he said the trade gap is narrowing down as exports are showing steadying trajectory while imports have reduced by four billion dollars. He said in term of quantity, the exports of garments went up by 29 percent, cement 25 percent, basmati rice ...
Eurozone Inflation Falls Sharply Amid Slowdown Fears
Brussels, June 4 (UrduPoint / Pakistan Point News - 4th Jun, 2019 ):Eurozone inflation dropped sharply to 1.2 percent in May, data showed on Tuesday, raising the spectre of a global economic slowdown.
Rosneft CEO Says Necessary To Avoid Situations Similar To Druzhba Oil Pipeline Incident
ST. PETERSBURG (UrduPoint News / Sputnik - 04th June, 2019) The incident with contaminated getting into the Druzhba pipeline has a negative impact both on the state-owned Rosneft and on deliveries of raw materials to Western , Rosneft CEO Igor Sechin said on Tuesday, stressing the need to prevent similar incidents. "This incident obviously ...
UBG Transforms FPCCI Into A Dysfunctional Institution
ISLAMABAD (UrduPoint / Pakistan Point News / Online - 04th June, 2019) The Economy Watch (PEW) on Tuesday said that the United Group (UBG) which came to power promising a change has transformed FPCCI into a dysfunctional institution.Those who came to power after promising a change has pushed the FPCCI to new low which has lost ...
Rosneft Says Oil Production At Joint Projects With PDVSA Unlikely To Slump In 2019
ST. PETERSBURG (UrduPoint News / Sputnik - 04th June, 2019) state-owned Rosneft does not expect production at its joint projects with Venezuelan PDVSA to decrease significantly in amid 's sanctions targeting , since production saw a 7 percent growth in despite a tough situation, Rosneft CEO Igor Sechin said on Tuesday.
China Warns Its Citizens Of Police Harassment, Crime In US
Beijing, (UrduPoint / Pakistan Point News - 4th Jun, 2019 ) : on Tuesday issued a pair of alerts to its citizens going to the , warning them about harassment and crime. In a separate warning, 's foreign ministry said US law enforcement agencies have "repeatedly" used methods such as immigration and on-site interviews to "harass" ...
Defying trade war odds, some Chinese equity funds show how to rake it in
As the Sino-U.S. trade war roiled stock markets over the past year, China-focused fund manager Michelle Leung sat unfazed on her holdings of hot pot condiment maker Yihai International. Yihai, whose shares have surged nearly 900 percent over the past two years, are among a handful of high-conviction stocks that helped Leung?s long-only China equity fund shine. In 2018, ...
Eurozone Inflation Falls Sharply In May
Brussels, (UrduPoint / Pakistan Point News - 4th Jun, 2019 ) :Eurozone inflation dropped sharply to 1.2 percent in , data showed on Tuesday, raising the spectre that a global economic slowdown is gaining traction.
U.S. moving toward major antitrust probe of tech giants
The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could be an unprecedented wide-ranging probe of some of the world?s largest companies. The Federal Trade Commission and the Department of Justice, which jointly enforce antitrust laws in the United States, have divided ...
Merkel Says Supports Building Nord Stream 2 Pipeline For Delivering Russian Gas To Europe
BERLIN (UrduPoint News / Sputnik - 04th June, 2019) Chancellor said on Tuesday at a conference of the Federation of Industries (BDI) that she supported BDI's stand that the Stream 2 pipeline for delivering natural to was necessary, given initiative to stop using and coal energy. The Stream 2 ...
Greek Entrepreneurs Have Opportunity To Keep Working In Russian Market - Tsipras' Adviser
ATHENS (UrduPoint News / Sputnik - 04th June, 2019) Greek businesspeople continue operating in the , even amid European sanctions and 's retaliatory embargo, by creating joint ventures with companies and engaging in substitution, Dimitrios Velanis, an adviser to Greek Alexis Tsipras on cooperation with and Eastern , told Sputnik. According to ...
Deluge of analyst reports on Uber expected after IPO quiet period
After Uber reported a quarterly loss of $1 billion last Thursday, Atlantic Equities analyst James Cordwell upgraded his rating to ?overweight? from ?neutral,? pointing in his research note to ?an increasingly benign competitive environment in ride-hailing and more attractive stock valuation.? Uber was the biggest of a group of Silicon Valley startups that have gone public this year against the ...
Mexicans launch friendly defensive to deflect US tariffs
Mexican officials have copied a page from President Donald Trump?s playbook in recent days, taking to Twitter to communicate that they are working flat-out to de-escalate tensions over immigration and avoid punitive tariffs on all Mexican exports to the U.S. ?Almost everyone was caught flat-footed,? said Antonio Ortiz-Mena, an international trade consultant based in Washington with the Albright Stonebridge ...
