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Large Japanese companies from outside the financial sector want to move their headquarters from London to other European countries after Brexit, citing uncertainty about the UK’s exit from the EU as the main reason, Financial Times writes. The first such company was the Japanese company Panasonic, having announced in September the move to the Netherlands, and providing an example to other companies. Japanese business is afraid of increasing the tax burden while maintaining the head office in London in the case of financial receipts from units in other EU countries. In addition, the Japanese government may designate the UK as a “tax harbors” and impose additional requirements on companies that continue to operate in this country.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
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