Business
Business
US Citizens in Canada Face 57% Investment Tax Risk
High-income US citizens in Canada could face effective marginal tax rates above 57% on investment income. This will happen after…
Yen Surge Holds at 158.88 as US Jobs Report Looms
The yen's surge left the Japanese currency at 158.88 per U.S. dollar on September 3, after a sudden 0.9% overnight…
Wall Street Rebound Lifts Dow 0.56%, S&P 500 0.46%
The Wall Street rebound lifted all three major U.S. indexes on September 2, with the Dow up 0.56%, the S&P…
Army Laser Weapon Enters Production With $464.8M Contract
U.S. Army has awarded AeroVironment Inc. a $464.8 million agreement to produce its first high-energy Army laser weapon. This is…
Global Bond Rout Pushes Major Yields to Multi-Decade Highs
The global bond rout deepened on September 2, pushing borrowing costs in Germany, Japan, the United States and Britain to…
US-Iran Market Turmoil Sends Stocks Lower, Brent Near $95
Global stocks fell on Wednesday, September 2, as US-Iran market turmoil pushed Brent crude toward $95 a barrel and intensified…
Pakistan Refinery Deals Target $6bn Upgrade Investment
Pakistan is expected to sign refinery upgrade deals worth more than $6 billion on Thursday with five companies seeking to…
Oil Prices Jump Above $94 as US-Iran Fighting Escalates
Oil prices jumped more than $4 a barrel on Tuesday, with Brent settling at $94.65 and US West Texas Intermediate…
China Business Outlook: McKinsey Says Market Still Matters
BEIJING: China’s business outlook remains difficult but too important for many multinational companies to ignore, according to senior McKinsey leaders…