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    Winners, losers in Obama corporate tax plan

    Reuters - 16 hours ago

    WASHINGTON (Reuters) - The Obama administration on Wednesday proposed a plan to revamp the U.S. corporate tax system, slashing the top tax rate to 28 percent, while eliminating many loopholes that companies rely on to cut their taxes. Although the statutory top corporate tax rate is 35 percent, many companies pay nowhere near that much, with effective tax rates varying wildly because of the use of … More »Winners, losers in Obama corporate tax plan

    • Ferrari Formula One driver Massa of Brazil drives ahead of Williams Formula One driver Barrichello of Brazil and Force India Formula One driver Sutil of Germany during the Turkish F1 Grand Prix at the Istanbul Park circuit in Istanbul
      Tata Communications seeks brand boost … Reuters

      LONDON (Reuters) - Tata Communications, seeking to raise its profile around the globe, unveiled a technology partnership with Formula One motor racing on Thursday, a … More »Tata Communications seeks brand boost …

      Ferrari Formula One driver Massa of Brazil drives ahead of Williams Formula One driver Barrichello of Brazil and Force India Formula One driver Sutil of Germany during the Turkish F1 Grand Prix at the Istanbul Park circuit in Istanbul

      LONDON (Reuters) - Tata Communications, seeking to raise its profile around the globe, unveiled a technology partnership with Formula One motor racing on Thursday, a further sign of the sport's growing appeal in emerging markets. Tata Communications will use its undersea cable and its IT networks to transmit data and live …

    • Woman passes a Royal Bank of Scotland branch in central London
      RBS pays 985 mln stg in bonuses despite … Reuters

      LONDON (Reuters) - State-owned Royal Bank of Scotland posted a fourth quarter loss of nearly 2 billion pounds, hurt by writedowns on assets and restructuring costs, although … More »RBS pays 985 mln stg in bonuses despite …

      Woman passes a Royal Bank of Scotland branch in central London

      LONDON (Reuters) - State-owned Royal Bank of Scotland posted a fourth quarter loss of nearly 2 billion pounds, hurt by writedowns on assets and restructuring costs, although it still paid out almost 1 billion pounds in bonuses to staff in 2011. RBS, 82 percent owned by the British government after a state bailout during …

    • A labourer selects wooden planks as he works at a residential construction site in Hefei
      China's policy-led slowdown spawns property … Reuters

      BEIJING (Reuters) - China's policy-induced property slowdown has put the central and local governments on a $320 billion collision course in one of the economy's biggest … More »China's policy-led slowdown spawns property …

      A labourer selects wooden planks as he works at a residential construction site in Hefei

      BEIJING (Reuters) - China's policy-induced property slowdown has put the central and local governments on a $320 billion collision course in one of the economy's biggest growth-generating sectors. Beijing wants local governments to bear most of the 2 trillion yuan cost to construct millions of affordable homes this year. …

    • India's CBI officials escort Balwa at CBI headquarters in New Delhi
      Etisalat sues Vinod Goenka, Shahid Balwa … Reuters

      DUBAI - Etisalat has sued its Indian joint venture partners for fraud, the UAE telecoms operator said on Thursday, following the Supreme Court's recent order to cancel … More »Etisalat sues Vinod Goenka, Shahid Balwa …

      India's CBI officials escort Balwa at CBI headquarters in New Delhi

      DUBAI - Etisalat has sued its Indian joint venture partners for fraud, the UAE telecoms operator said on Thursday, following the Supreme Court's recent order to cancel its affiliates' licences amid a corruption probe. Etisalat has launched legal proceedings against Vinod Goenka and Shahid Balwa, top executives at its India …

    • A man walks past an iPad 2 advertisement in Shanghai
      Court says Apple can still sell iPads … Reuters

      SHANGHAI (Reuters) - A Shanghai court has rejected a request in a trademark case to stop Apple selling its iPad tablet computers in the city, averting an embarrassing … More »Court says Apple can still sell iPads …

      A man walks past an iPad 2 advertisement in Shanghai

      SHANGHAI (Reuters) - A Shanghai court has rejected a request in a trademark case to stop Apple selling its iPad tablet computers in the city, averting an embarrassing suspension of iPad sales in its own flagship stores. The Shanghai Pudong New Area People's Court denied a request by Proview Technology (Shenzhen) for the …

    • A motorist pumps fuel into his vehicle at JJ's Express Gas Plus station in Phoenix gas station in Phoenix
      India asks Saudi Arabia to raise oil … Reuters

      NEW DELHI (Reuters) - India has asked Saudi Arabia to raise oil supplies by 4-5 million tonnes every year as the country is expanding its refinery capacity to meet growing … More »India asks Saudi Arabia to raise oil …

      A motorist pumps fuel into his vehicle at JJ's Express Gas Plus station in Phoenix gas station in Phoenix

      NEW DELHI (Reuters) - India has asked Saudi Arabia to raise oil supplies by 4-5 million tonnes every year as the country is expanding its refinery capacity to meet growing consumption, Oil Minister S. Jaipal Reddy said on Thursday. "It has no relation to any other country, including Iran," Reddy said, adding that Tehran …

    • Brokers trade on their computer terminals at stock brokerage firm in Mumbai
      Citi selling stake in HDFC for up to … Reuters

      MUMBAI (Reuters) - Citigroup Inc plans to raise up to $2.1 billion by selling its entire stake in Housing Development Finance Corp (HDFC) on Friday, three source with … More »Citi selling stake in HDFC for up to …

      Brokers trade on their computer terminals at stock brokerage firm in Mumbai

      MUMBAI (Reuters) - Citigroup Inc plans to raise up to $2.1 billion by selling its entire stake in Housing Development Finance Corp (HDFC) on Friday, three source with direct knowledge of the deal told Reuters. Citigroup has launched the process to sell about 145 million shares, or a 9.9 percent stake, in HDFC for between …

    • Customers look at gold bangles inside jewellery shop in Hyderabad
      Gold hits over 5-week high; demand stays … Reuters

      MUMBAI (Reuters) - India gold futures extended gains for the fifth session in a row, to their highest in more than five weeks, prompting physical traders to remain on … More »Gold hits over 5-week high; demand stays …

      Customers look at gold bangles inside jewellery shop in Hyderabad

      MUMBAI (Reuters) - India gold futures extended gains for the fifth session in a row, to their highest in more than five weeks, prompting physical traders to remain on the sidelines, dealers said. * The most-active gold for April delivery on the Multi Commodity Exchange was 0.52 percent higher at 28,796 rupees per 10 grams, …

    • Adani keen on BG stake in Gujarat G … Reuters

      MUMBAI (Reuters) - Diversified Adani group is looking to pick up a majority stake in gas distributor Gujarat Gas, an official said, as it looks to expand presence in … More »Adani keen on BG stake in Gujarat G …

      MUMBAI (Reuters) - Diversified Adani group is looking to pick up a majority stake in gas distributor Gujarat Gas, an official said, as it looks to expand presence in the country's fast-growing city gas business. Adani is among 6 to 7 bidders in the fray to buy 65 percent stake in the western India-focused gas distribution …

    • A model poses with Samsung Electronics' new smartphone Galaxy S II at the company's headquarters in Seoul
      Samsung says sales of Galaxy S II phones … Reuters

      SEOUL (Reuters) - Samsung Electronics Co Ltd, which emerged as the world's top smartphone maker last year, said on Thursday that sales of its flagship Galaxy S II topped … More »Samsung says sales of Galaxy S II phones …

      A model poses with Samsung Electronics' new smartphone Galaxy S II at the company's headquarters in Seoul

      SEOUL (Reuters) - Samsung Electronics Co Ltd, which emerged as the world's top smartphone maker last year, said on Thursday that sales of its flagship Galaxy S II topped 20 million handsets since its launch in April last year. Sales of predecessor Galaxy S, introduced in 2010 and at the heart of bruising global patent disputes …

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