UK has limited room for pre-election tax cuts, OECD says
By William Schomberg LONDON (Reuters) -The government of British Prime Minister Rishi Sunak has little room to cut taxes ahead…
Business
Aramco, ENI, United Airlines invest in UK-based low-carbon fuel venture
NEW YORK (Reuters) – The venture units of oil firms Saudi Aramco and Italy’s ENI have joined the world’s largest…
Overly optimistic markets might be caught out by rate hikes, ECB’s Knot says
AMSTERDAM (Reuters) – Inflation expectations in financial markets seem overly optimistic, increasing the risk of renewed stress if monetary policy…
Taiwan May exports drop again as China weighs; outlook stays dim
TAIPEI (Reuters) – Taiwan’s exports fell for a ninth consecutive month in May, although meeting expectations, in a symptom of…
Japan regulator exploring ways to bolster leveraged buyout financing
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s financial regulator is exploring ways to bolster financing for leveraged…
German industrial output rises less than expected in April
By Maria Martinez BERLIN (Reuters) -German industrial output rose less than expected in April, darkening the outlook for the euro…
China property liquidation risk heightened by delisting threat, says S&P
HONG KONG (Reuters) – Some of China’s distressed property developers face the risk of being delisted, which would reduce their…
Realtek sues semiconductor rival MediaTek over patent ‘bounty’ agreement
By Blake Brittain (Reuters) -Realtek Semiconductor Corp sued rival Taiwanese chipmaker MediaTek Inc in Northern California federal court on Tuesday,…
Hillhouse offers Australia concessions to win approval for medical researcher buy
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Private equity firm Hillhouse Capital Group has offered to make…
Danske Bank raises profit goal, puts Norway retail unit up for sale
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danske Bank on Wednesday raised its long-term earnings target and said it plans to divest…