SINGAPORE – Owners of a 15-unit apartment development in Margate Road in Katong are making a second attempt for a sale en bloc with a move towards lowering their reserve price. About 70 per cent of the owners have agreed to cutting the reserve price to $36.5 million from $38 million, said marketing agent JLL on […]
Cardboard box maker Smurfit Kappa has reported a 25pc increase in earnings before interest, taxation, depreciation and amortisation (EBITDA) in 2018 to €1.5bn, from €1.2bn in 2017. The EBITDA margin was 17.3pc. On the back of the performance, the company has proposed a final dividend increase of 12pc to 72.2 cent per share. The group […]
Watchdogs say "fraudster families" are targeting pensioners to try and trick them out of the retirement savings. The Pensions Regulator is warning that organised crime groups led by married couples or families are running scams worth millions of pounds. In some cases the families have hired rogue financial experts with specialist pension knowledge, including accountants, […]
Europe’s second-highest court will rule tomorrow whether a Belgian tax break which benefited some 35 large companies is illegal state aid, a judgment which could provide clues to other tax cases involving Apple, Starbucks and Fiat Chrysler. As part of its crackdown on tax avoidance, the European Commission three years ago ordered Belgium to recover […]
Stephen Prince was aboard the Silver Whisper, a luxury cruise ship docked in French Polynesia, sipping his morning coffee from sparkling china as he lamented a tax break that was about to save him millions of dollars. The founder of a private company that makes plastic gift cards, Mr. Prince is among the wealthy elite […]
TOKYO (Reuters) – Asian stocks edged up to a more than four-month high on Wednesday, lifted by optimism that the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute. MSCI’s broadest index of Asia-Pacific shares outside Japan rose as much as 0.5 percent to hit […]
A cross-party group of MPs is to launch a fresh attempt to prevent a no-deal Brexit if Theresa May cannot reach an agreement with Brussels by mid-March. The group, including Labour MP Yvette Cooper and Tory former minister Sir Oliver Letwin, have said they are ready to table an amendment enabling the UK Parliament to […]
A 21-year-old Galway woman joins five other talented Irish people who have just made the 2019 Forbes’ ’30 Under 30′ Europe list. Edel Browne started working on her Free Feet business at the age of 15 for a BT Young Scientist project competition. She has developed the brand and product – a small laser light […]
NEW YORK (Reuters) – Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by positive developments in the U.S.-China trade negotiations. All three major U.S. stock indexes gained more than 1 percent, and the S&P 500 traded above its 200-day moving average for […]
WASHINGTON (Reuters) – U.S. job openings surged to a record high in December, led by vacancies in the construction and accommodation and food services sectors, strengthening analysts’ views that the economy was running out of workers. While the release of the Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday underscored […]