Thousands lose benefits after tax credits overpaid

Households on universal credit lose £5,000 or more as authorities claw back (...)

Country Garden: Debt-laden China property giant in record loss

Country Garden warns it may default on its debt, adding to concerns about (...)

Italian banks hit with surprise windfall tax

The potential one-off tax on the profits banks earn from higher interest rates (...)

Amazon online sales improve despite economy fears

The firm said more efficient deliveries helped boost sales and profits in (...)

UK inflation and interest rates high - how do other economies compare?

UK inflation and interest rates are high but if you include growth, jobs and (...)

PwC Australia sells division for 50p after tax leak scandal

Accounting giant will sell its government consultancy operation after misuse (...)

Bumper BP profits of £4bn in three months spark criticism

Strong profits lead to renewed calls for energy firms to pay more tax, with (...)

Debt ceiling: Janet Yellen warns US could run out of cash by 1 June

The Treasury Secretary has warned of "serious harm" to the economy if it hits (...)

ExxonMobil reports record first-quarter profits of $11.4bn

The energy giant says the profits came despite paying about $200m (£160m) (...)

Sri Lanka: $3bn IMF bailout for struggling economy

The deal is a lifeline for the country which is facing its worst economic (...)

Shell pays no UK windfall tax despite profits jump

The energy giant reports $9.5bn in profits, its second highest quarterly earnings (...)

Ground should have been laid for tax cuts, admits Liz Truss

But the prime minister says she sticks by her mini budget, despite a bad reaction (...)

Liz Truss admits disruption after tax cut pledges

The prime minister acknowledges that her economic plans will "involve disruption (...)

Pound hits new 37-year low as retail sales slide

Weaker-than-expected sales figures send sterling lower as fears grow for the (...)

IMF: UK set for slowest growth of G7 countries in 2023

The IMF cuts its UK forecast for 2023 and says the global economy is "teetering (...)

Global stock markets fall as economy fears grow

The Dow Jones share index closed below 30,000 at its lowest level in more (...)

US economy contracts as Ukraine war hits trade

The economy shrank in the first three months of the year, figures show, its (...)

UK set for slowest growth in G7 as Ukraine war hits global economy

The Ukraine war will "severely set back" global growth with the UK hit harder (...)

BP profits surge amid calls for windfall tax

The energy giant benefited from higher oil and gas prices last year.

India says it will launch digital rupee as soon as this year

It is the latest major economy to announce its own virtual currency, as China (...)

‘They were like bandits’ - how did the rich get richer?

Did a Bank of England policy to save the UK economy during the financial crash (...)

Uber prices could rise 20% after UK ruling

In a move that will affect the whole taxi industry, a judge has ruled Uber (...)

Shell plans to move headquarters to the UK

The oil giant will shift its tax residence from the Netherlands to the UK (...)

US central bank is reducing its bond-buying programme

The US central bank will reduce the $120bn a month support introduced to help (...)

US growth slows to just 2% as Delta hits economy

The US economy slowed sharply in the third quarter as the Delta variant of (...)

Why 2.3 million US children could miss out on expanded tax credit

About 67 million US children are eligible for new benefits, but some of the (...)

Stamp duty holiday: Success or failure?

As stamp duty returns to its pre-pandemic status, there are opposing views (...)

Boohoo sales soar but shipping costs dent profits

The fast fashion retailer saw pre-tax profits hit by high shipping costs in (...)

EU puts its digital tax plan on ice

The EU says suspending the plan will help achieve a global tax deal, but Ireland (...)

Wetherspoons warns price of meals to rise if VAT goes up

The pub chain says it will put up the price of meals in its pubs if a VAT (...)

Trump Organization expected to be charged over tax

The firm and its chief financial officer are set to be charged with tax-related (...)

UK government borrowing hits highest January level since records began

It is the first time in 10 years that more have been borrowed than collected (...)

UK borrowing hits highest December level on record

Government borrowing hit £34.1bn last month, as the cost of pandemic support (...)

Amazon pays £290m in UK tax as sales surge to £14bn

The tech giant has faced scrutiny over its UK tax bill, but says it pays "all (...)

Coronavirus: Rolls-Royce reports record loss as travel slumps

The company, which makes engines for planes, is cutting jobs and selling assets (...)

Just Eat to stop using gig economy workers

Boss Jitse Groen says he would rather have staff who get benefits and more (...)

People urged to check tax credits after HMRC error

One million renewal notices were sent with incomplete details as payments (...)

UPDATE 3-Bank of England slows bond purchases as it sees some recovery signs

The Bank of England slowed the pace of its huge bond-buying programme on Thursday (...)

Powell repeats Fed to use full range of tools to aid economy

With a full U.S. economic recovery out of reach until the coronavirus pandemic (...)

WRAPUP 2-U.S. homebuilding rises moderately; jump in permits hints at green shoots

U.S. homebuilding increased less than expected in May, but a strong rebound (...)

UK inflation hits four-year low on oil price fall, COVID impact

British inflation fell to its lowest since June 2016 last month as the coronavirus (...)

Coronavirus: What a shrinking economy means for Luton

Luton is one of the most vulnerable towns to the financial impact of coronavirus, (...)

UK economy shrinks record 20.4% in April due to lockdown

The contraction was the biggest monthly decline on record, as the UK spent (...)

Eurozone in fresh emergency action to boost economy

The central bank will increase the size of its bond buying programme by €600bn (...)

Worst might be over for UK hiring slump - survey

British employers turned a bit less pessimistic about hiring and investment (...)

UPDATE 1-Bank of Israel leaves rates unchanged, sees less economic damage in 2020

The Bank of Israel left its benchmark interest rate at 0.1% on Monday, saying economic (...)

Coronavirus: Jaguar Land Rover in talks over government loan

The carmaker is reportedly seeking more than £1bn in taxpayer support as (...)

UPDATE 1-Bank of England not ruling out negative rates in future: Tenreyro

Bank of England official Silvana Tenreyro on Monday talked up the benefits (...)

More than 8% of U.S. mortgages now in forbearance -MBA weekly survey

Roughly 4.1 million U.S. mortgage borrowers have had their payments paused (...)

Bank of England not ruling out negative rates in future - Tenreyro

Bank of England official Silvana Tenreyro on Monday talked up the benefits (...)

Coronavirus hits UK households hard again in May - survey

The financial health of British households has deteriorated sharply this month, (...)

UPDATE 1-India to spend $13 billion on farm infrastructure fund

India will provide one trillion rupees ($13 billion) to set up an agriculture infrastructure (...)

Coronavirus pushes German economy into recession

The economy shrank 2.2% in the first three months of 2020 as the pandemic (...)

Coronavirus: Uber tells all drivers to wear face masks

The ride-hailing firm is providing UK taxi drivers with protective gear, but (...)

UK leaves coronavirus lifeline for workers in place for four more months

Britain extended its job retention scheme - the centrepiece of its attempts (...)

U.S. SEC alleges accounting fraud at Florida direct lender TCA -filing

The U.S. Securities and Exchange Commission (SEC) on Monday filed charges (...)

Coronavirus: Pandemic sends US jobless rate to 14.7%

US unemployment rises to its highest level since the 1930s as coronavirus (...)

Occidental looks to raise cash, swap debt as oil prices pressure finances

Occidental Petroleum Corp said on Wednesday it was looking to raise new cash (...)

UPDATE 1-Occidental looks to raise cash, swap debt as oil prices pressure finances

Occidental Petroleum Corp said on Wednesday it was looking to raise new cash (...)

UK consumers are gloomiest since 2012 - YouGov/CEBR

British consumer sentiment has dropped to its lowest since January 2012 as (...)

REFILE-UPDATE 1-Lloyds Banking Group scrapes profit after $1.75 bln COVID-19 provision

Lloyds Banking Group saw its pretax profit all but wiped out in the first (...)

UK companies put pay awards on hold as COVID-19 hits - XpertHR

Half of large British employers are thinking of freezing pay or delaying annual (...)

Britain suffering worst peacetime downturn ever; recovery may falter - Reuters poll

Britain is in the midst of its deepest downturn in peacetime as the coronavirus (...)

Pricing the benefits of cheap oil in a world of economic lockdowns

The oil price collapse that took U.S. crude prices sub-zero for the first (...)

China cuts benchmark rate for second time this year, as widely expected

China cut its benchmark lending rate as expected on Monday to reduce borrowing (...)

UPDATE 4-Morgan Stanley CEO: coronavirus will continue to pose challenges

Morgan Stanley Chief Executive Officer James Gorman told shareholders on Thursday (...)

UPDATE 1-Russian cenbank to consider rate cut as economy set to contract

The Russian central bank will consider an interest rate cut among other options (...)

UPDATE 2-Airbnb secures $1 bln investment from Silver Lake, Sixth Street

Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners (...)

SE Asia Stocks-Thailand posts best week since 2015 on oil surge; Singapore down

Singaporean markets slumped on Friday after the city-state shutdown most businesses (...)

UK ramps up jobs protection push with social security, pensions pledge

Britain will ramp up its bid to slow a surge in unemployment during the coronavirus (...)

Coronavirus: UK interest rates slashed again in emergency move

The Bank bumps up its measures to support the UK in its efforts to support (...)

UPDATE 2-Jordan cuts main rates by 100 basis points to soften coronavirus blow

The Central Bank of Jordan said it cut its main interest rates by 100 basis (...)

Oil price plunge ramps up pressure on Pemex; hedge programs in focus

A crash in crude prices has intensified pressure on the finances of Mexican (...)

Man Group full-year profits up as market gains offset net outflows

British hedge fund manager Man Group posted a 2019 adjusted pretax profit (...)

Jupiter full-year profits hit by outflows, cancels special dividend

British asset manager Jupiter Fund Management said full-year pretax profits (...)

Hong Kong stocks close higher as Beijing signals more support for economy

Hong Kong stocks reversed earlier losses to end higher on Thursday, after (...)

UPDATE 2-Metro Bank cuts back growth plans after plunge into the red

Metro Bank shares tumbled on Wednesday after the bank plunged to a full-year (...)

UK employers urge Johnson not to sacrifice services in EU deal

Britain must not exclude its huge services industry from a planned trade deal (...)

Coronavirus: Qantas and Air France-KLM warn of profits hit

The alerts by Qantas and Air France-KLM come as concerns grow over the hit (...)

Sinn Fein surge puts Irish economy in the spotlight

As the Irish parliament convenes to try to choose its new leader, concerns (...)

China economy: Why it matters to you

As China struggles to cope with the coronavirus outbreak, we look at the scale (...)

RBS profits beat expectations, to rebrand as NatWest

Royal Bank of Scotland reported a better than expected pre-tax profit of 4.2 (...)

UPDATE 2-South Africa must fix its public finances, Ramaphosa says

* Speech short on specifics, timeframes (Writes through with new detail, quotes) (...)

WRAPUP 9-China seeks to boost economy as first virus death reported outside its borders

The first death from the coronavirus outside of China was reported on Sunday (...)

Syrian pound hits new lows over regional tensions - traders

The battered Syrian currency hit a new record low on Monday over fears that (...)

UPDATE 1-Board member overseeing Wirecard audit elected chairman

The board member overseeing an outside audit of Wirecard has been elected (...)

ECB rate rise in 2021? Markets starting to think about it

Money markets are starting to price higher interest rates for the euro zone (...)

Monte dei Paschi sees 1.2 bln euro net profit hit in Q4 from tax change

Italian state-owned bank Monte dei Paschi di Siena said on Thursday it expected (...)

GRAPHIC-ECB rate rise in 2021? Markets starting to think about it

Money markets are starting to price higher interest rates for the euro zone (...)

UPDATE 2-PIMCO says signs point to stronger global economy in 2020

Recession risks have diminished in recent months, and the current window of (...)

UPDATE 3-Mexico hedges oil output for 2020 as risks grow

Mexico has completed its annual oil hedging program for 2020 at $49 a barrel, (...)

UPDATE 4-Argentina creates external debt unit, economy bill moves to Senate

Argentina appointed a government team to kick off talks with creditors to (...)

UPDATE 2-Uber submits appeal to regain London taxi licence

* Uber can continue operating during appeal (Adds response from London transport (...)

UPDATE 2-Ethiopia to get $3 bln loan from World Bank

Prime Minister Abiy Ahmed said on Friday that Ethiopia will receive $3 billion (...)

HSBC Swiss unit to pay $192 mln to settle U.S. tax investigation

The Swiss private banking unit of HSBC Holdings Plc will pay $192.4 million (...)

UPDATE 2-Metro Bank CEO Donaldson follows chairman out of door

Metro Bank chief executive Craig Donaldson is leaving after a torrid year (...)

UPDATE 1-UK accounting watchdog to name and grade poor audits

* KPMG says would give consent to publishing grades (Adds reaction)

Factbox: Major Saudi Arabian non-oil deals since 2016

Saudi Arabia has tried to attract foreign capital into its non-oil sector (...)

Australian shares to open flat ahead of RBA decision; NZ little changed

Australian shares are expected to open little changed on Tuesday as investors (...)

UPDATE 1-Philippine c.bank steps up bid to lift growth, cuts rates a 3rd time

The Philippine central bank cut its benchmark interest rate for a third time (...)

UPDATE 1-Hungary central bank trims key inflation forecasts for 2019 and 2020

The National Bank of Hungary sees tax-adjusted core inflation, its preferred (...)

Uber to launch UK driver loyalty scheme amid licence battle

Uber will launch a loyalty programme for its British drivers offering free education (...)

UPDATE 4-General Electric fortifies defense against charges of bogus accounting

General Electric Co reinforced its defense of its accounting practices on (...)

Kuwait sovereign fund in portfolio shift on signs of global economic weakness -report

The Kuwait Investment Authority (KIA) began increasing its exposure to bonds (...)

UPDATE 1-Steinhoff looks to sell off assets after $7 billion accounting fraud

Scandal-hit South African retailer Steinhoff said on Tuesday its only hope (...)

UK economy shrinks for the first time since 2012

The UK economy contracted by 0.2% between April and June, its worst performance (...)

Burford Capital considers share buyback after Muddy Waters short attack

Burford Capital , a London-listed fund that finances lawsuits in return for (...)

Muddy Waters wipes £2 billion off Burford Capital shares in latest short attack

Short-seller Muddy Waters has sparked a 2 billion pound slump in shares of (...)

Sampo Q2 pre-tax profit drops 29%, beats forecasts

Financial group Sampo posted a smaller than expected drop in second-quarter (...)

Sports Direct regrets House of Fraser rescue

The retailer outlines problems at the department store, as its delayed results (...)

Investor frustrations build as RBS grapples with excess capital conundrum

Just over a decade after fending off insolvency, taxpayer-backed Royal Bank (...)

COLUMN-Hedge funds sell crude as economy fears trump OPEC cuts: Kemp

Hedge funds sold more Brent futures and options last week as concerns about (...)

UK consumers raise borrowing at weakest pace in five years, adding to slowdown signs

Lending to British consumers rose by its weakest pace in more than five years (...)

Patisserie Valerie scandal: Five people arrested

The chain collapsed in January and is under new management, but the probe (...)

Grant Thornton revamps UK audit after Patisserie Valerie scandal

Grant Thornton announced an independent review and a 7 million pound ($8.9 (...)

Sri Lanka stocks close little changed in thin trade; rupee edges up

Sri Lankan shares ended almost flat in dull trade on Thursday, but posted (...)

ECB to give euro zone economy a small shot in the arm

The European Central Bank will try to give an ailing euro zone economy a boost (...)

Metro Bank raises £375m in new funds to bolster finances

The lender issues new shares to bolster its finances, in an attempt to ease (...)

Five seater self-flying air taxi unveiled

Lilium says the craft, which had its first test flight this month, could travel (...)

Abu Dhabi aims to lure start-ups with investment in new technology hub

Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups (...)

UPDATE 1-Abu Dhabi aims to lure start-ups with investment in new technology hub

Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups (...)

Hammond offers more spending, lower taxes if a Brexit deal is done

British finance minister Philip Hammond said on Wednesday he could free billions (...)

SE Asia Stocks-Eke out small gains as global growth concerns return

Southeast Asian stocks edged higher in thin trading on Thursday as investors (...)

Bank of England sees weakest UK outlook since 2009 on Brexit, global slowdown

The Bank of England said Britain faces its weakest economic growth in a decade (...)

Portugal can use its economic recovery to build up resilience

Portugal’s economic recovery is now well established, with GDP back to pre-crisis (...)

UK consumers rein in appetite for borrowing as Brexit nears

- Lending to British consumers grew at its slowest pace in four years in December, (...)

UK consumer lending growth slows to near four-year low as Brexit approaches

LONDON, Jan 4 - Lending to British consumers grew at its slowest pace in nearly (...)

Are the days of the private car really over?

Is the "robo-taxis" revolution really on its way? Many readers were doubtful, (...)

COLUMN-Risks for world economy, markets if U.S. yields hold above 3 pct: McGeever

The outlook for U.S. interest rates has shifted, as investors bet that recent (...)

Goldman Sachs announces a change in strategy

IT IS not easy to feel pity for Goldman Sachs. Its alumni lord it in pivotal (...)

The Fed prepares for its balance-sheet—and its board—to shrink

NINE years ago, in the autumn of 2008, the Federal Reserve was fighting a (...)

Is Margrethe Vestager championing consumers or her political career?

EVEN her enemies admire the bloody-mindedness of Margrethe Vestager, the European (...)

A legal vulnerability at the heart of China’s big internet firms

COMPANIES’ legal structures are usually mind-numbing fare. But occasionally (...)

Capacity cuts in China fuel a commodity rally and a debate

STEEL ran in Zhang Cheng’s family for three generations. His grandfather (...)

Exchange-rate shifts have helped the global economy

STICKLERS for value have plenty of reasons to frown at financial markets. (...)

Governments need to rethink their attitudes to debt

GOVERNMENTS do not always make the best budget managers. Assuming it avoids (...)

CORRECTED-UPDATE 2-U.S. charges former Turkish minister with Iran sanctions evasion

ISTANBUL, Sept 7 (Reuters) - U.S. prosecutors have charged a former Turkish (...)

RPT-Foreigners dump Japan stocks as N.Korea, yen take gloss off bright economic news

TOKYO, Sept 6 (Reuters) - Foreign investors are ditching Japanese stocks, (...)

Bell Pottinger puts itself up for sale

The troubled PR firm appoints accountants to examine options for its future. (...)

Of Indian banknotes cancelled last year, 99% are accounted for

ON NOVEMBER 8th 2016, Narendra Modi, India’s prime minister, stunned its (...)

Uber picks Dara Khosrowshahi as its new boss

“A LEADER is a dealer in hope,” said Napoleon Bonaparte. For much of this (...)

The gap between India’s richer and poorer states is widening

COUNTRIES find it easier to get rich once their neighbours already are. East (...)

UPDATE 1-Austrian IPO candidate Novomatic reports earnings drop

VIENNA, Aug 30 (Reuters) - Austrian gaming technology group Novomatic AG reported (...)

UPDATE 1-Danish government seeks cuts in capital gains tax, faces opposition

COPENHAGEN, Aug 30 (Reuters) - The Danish government proposed cuts on Wednesday (...)

Trump hits road to tout tax reform as helping workers

WASHINGTON, Aug 30 (Reuters) - President Donald Trump will turn his signature (...)

UK consumer credit growth hits more than one-year low in July, mortgage approvals surge - BoE

LONDON (Reuters) - British consumer credit expanded at the weakest pace in (...)

Australia Q2 construction spending booms, in boost to economy

SYDNEY, Aug 30 (Reuters) - Australian construction spending boasted its biggest (...)

Recruiter InterQuest warns on fees as Brexit hits financial services unit

Aug 29 (Reuters) - British technology-focused recruiter InterQuest Group said (...)

Samsung’s boss is sentenced to prison

SAMSUNG’S founding family, the Lees, have good reason to dislike room 417 (...)

Denmark wants to attract more IPOs by cutting tax on equity investments

COPENHAGEN, Aug 24 (Reuters) - Denmark wants to reduce the tax on equity investments, (...)

Sri Lanka likely to miss 2017 revenue goal on tax proposal delay

COLOMBO, Aug 24 (Reuters) - Sri Lanka is likely to miss its revenue target (...)

Why Africa’s development model puzzles economists

IT IS easy to buy a rolex in Uganda—albeit not one that will tell the time. (...)

China modernises its monetary policy

QIN SHIHUANG was the emperor who first unified China, through bloody conquest (...)

A firm that shares a name with its founder earns higher profits

A GOOD business name can be pricey. An entrepreneur looking for the perfect (...)

SE Asia Stocks-Singapore hits 1-month low as financials drag

By Urvashi Goenka Aug 16 (Reuters) - Singapore shares hit a one-month (...)

Wilko opens redundancy talks with nearly 4,000 staff

The company, which has its headquarters in Worksop, saw its pre-tax profits (...)

Broadbent stresses rates message as Bank of England tries again

LONDON (Reuters) - A Bank of England policymaker sought on Friday to drive (...)

The hubris of ten-year budgets

IN February of 2001, Alan Greenspan, then still the chairman of the Federal (...)

How crisis-hit economies become investment darlings

NAWAZ SHARIF is the ex-prime minister of Pakistan again. His third stint in (...)

Why national accounts might be like corporate balance-sheets

THE easiest way to get an economist to laugh sardonically is to compare a (...)

Brexit-wary Bank of England leaves rates on hold, cuts growth forecast

LONDON (Reuters) - The Bank of England kept interest rates at a record low (...)

Bank of England leaves rates on hold, cuts growth forecast, still hints at 2018 rise

LONDON (Reuters) - The Bank of England kept interest rates at a record low (...)

FTSE 100 opens lower as BT shares fall

Shares in the telecoms group drop 3% after it takes a charge related to its (...)

BT takes £225m hit over Italy accounting scandal

Payouts to Orange and Deutsche Telekom hit profits at the telecoms group. (...)

The world’s largest online-travel company

NOT since the dotcom boom at the turn of the century have technology shares (...)

America’s uncompetitive markets harm its economy

“THE best of all monopoly profits is a quiet life,” wrote Sir John Hicks, (...)

Tech stocks have regained their dotcom-era highs

CAST your mind back to when Bill Clinton was president, Tony Blair and Vladimir (...)

Lloyds bank posts biggest half-year profit in eight years

LONDON, July 27 (Reuters) - Lloyds Banking Group reported its biggest half-year (...)

Rentokil profit surges on gains from Haniel JV

July 27 - British support services company Rentokil Initial Plc said its pre-tax (...)

Rangers cannot be punished further over their EBT tax scheme, says SPFL

Rangers will not face fresh sanctions from the Scottish Professional Football (...)

INSIGHT-Norwegian Air under pressure to boost finances

OSLO/LONDON, July 25 (Reuters) - Norwegian Air, the fast-growing budget airline (...)

N Korea economy grows at fastest rate in 17 years

The mining and energy sectors helped push the growth rate to 3.9% - its strongest (...)

An overhaul of Brazilian labour law should spur job creation

IN THE litany of bosses’ gripes about Brazil’s inclement business climate, (...)

Average price of UK motor insurance hits record high in Q2 - ABI

July 18 (Reuters) - The average price of UK motor insurance hit a record high (...)

Carillion picks accountants EY to help with strategic review

July 17 (Reuters) - Carillion has appointed accounting firm EY to support (...)

UPDATE 1-Carillion picks accountants EY to help with strategic review

July 17 (Reuters) - Carillion has appointed accounting firm EY to support (...)

New Senate healthcare plan keeps Obamacare-era taxes on wealthy -Senate source

WASHINGTON, July 13 (Reuters) - The revised U.S. Senate healthcare plan will (...)

Climate change and inequality

ON JULY 12, the Larsen C ice shelf in Antarctica disgorged a chunk of ice (...)

Health the biggest risk to UK finances

In its first ever look at the big risks facing UK finances, the fiscal watchdog (...)

Sri Lankan shares slip from 18-month high on profit-taking

COLOMBO, July 11 (Reuters) - Sri Lankan stocks edged down on Tuesday from (...)

The EU proposes pan-European pension products

THE story of the European Union is in part that of the steady accretion of (...)

UPDATE 1-Dutch inquiry calls for overhaul of trust office industry

AMSTERDAM, July 5 (Reuters) - Many trust offices based in the Netherlands (...)

Dutch inquiry calls for overhaul of trust office industry

AMSTERDAM, July 5 (Reuters) - Many trust offices based in the Netherlands (...)

Podcast: Vorsprung durch Angst

Germany is admired for a stable economy and holding on to blue-collar jobs (...)

UPDATE 1-Ukraine software firm says computers compromised after cyber attack

KIEV, July 5 (Reuters) - The Ukrainian software firm at the centre of a cyber (...)

Ukraine software firm says computers compromised after cyber attack

KIEV, July 5 (Reuters) - A Ukrainian software firm at the centre of a cyber (...)

Australia state opposition lawmakers say they will block bank tax

SYDNEY, July 3 (Reuters) - The parliamentary opposition of the state of South (...)

UPDATE 1-Australia state opposition lawmakers say they will block bank tax

SYDNEY, July 3 (Reuters) - The parliamentary opposition of the state of South (...)

Pakistan’s old economic vulnerabilities persist

THE IMF, claims Pakistan’s government, is surplus to requirements. Ministers (...)

How to Trump-proof your company

TO OUR management team: When I left the White House yesterday, after another (...)

Stagecoach hit by Virgin East Coast rail line woes

Rail and bus operator Stagecoach Group has reported a 15.3% drop in full-year (...)

Carney in driving seat in Bank of England rate tussle

LONDON (Reuters) - The Bank of England tightened its controls on lending on (...)

The Federal Reserve risks truncating a recovery with room to run

WHEN it comes to inflation, the Federal Reserve sometimes resembles a child (...)

The Treasury publishes proposals to cut red tape

TEN days after he became America’s 45th president in January, Donald Trump (...)

Getting the most out of business taxes

ONE of the hottest debates in economic policy at the moment is how to ensure (...)

The perils of nationalisation

WHEN Jeremy Corbyn unveiled his Labour manifesto ahead of the recent British (...)

Tanzania’s firebrand leader takes on its largest gold miner

“IF THEY accept that they stole from us and seek forgiveness in front of (...)

Bangladesh worries about falling remittances

IT IS a mystery. Last year Bangladesh’s army of migrant workers abroad increased (...)

President Trump wants to privatise air-traffic control

IN JUNE 1956 a TWA Constellation collided with a United Air Lines DC-7 over (...)

Banco Popular fails and is bought by Santander

EVEN a bank failure can be presented as a triumph. This week Banco Popular, (...)

OECD predicts fastest global growth in six years

The OECD has predicted the global economy is set to grow 3.5% this year, its (...)

In Donald Trump’s America, the left rethinks its economics

DEMOCRATS thought they knew the boundaries of acceptable economic discourse. (...)

Global monetary policy is not tightening as expected

AT ITS outset, 2017 seemed likely to mark a turning-point for global monetary (...)

A Turkish maker of white goods is looking outwards

FORGIVE a maker of washing machines a fondness for spin. Hakan Bulgurlu, who (...)

Eastern Bank: a 199-year-old lender becomes a tech pioneer

LIKE other local bankers, Bob Rivers is counting the cost of red tape. At (...)

The super-rich are different: they pay less tax

OF LIFE’s two certainties, death cannot be dodged even by the well-to-do. (...)

Paradise in the Med

Malta has tried to shake off claims it is the "Panama of the EU" - but the (...)

Noble Group, a big Asian commodities trader, is teetering

THE difficulties facing Noble Group, a beleaguered Hong Kong commodities trader, (...)

What the German economic model can teach Emmanuel Macron

IT IS heartening that the euro area has a knack for surviving near-fatal crises. (...)

Donald Trump’s budget ignores what is ailing American workers

PRESIDENTIAL budget requests are worth exactly nothing. They carry no force (...)

Police probe UK links to Magnitsky money

Police investigate how £6.6m from a Russian tax fraud has been allegedly (...)

A new anthology of essays reconsiders Thomas Piketty’s “Capital”

“A MODERN Marx” was how The Economist described Thomas Piketty three years (...)

Insurers get a new global accounting regime

LISTED firms in over 120 countries, including all large economies bar America, (...)

Old McDonnell has a plan. He eyes IOUs

WITH the Labour Party 17 percentage points behind in the opinion polls, it (...)

India needs to curb a borrowing spree by its state governments

WHICH Indian state sounds more likely to repay a loan: Bihar, the country’s (...)

Africa’s informal economy is receding faster than Latin America’s

COMMON to all men, according to Adam Smith, is “the propensity to truck, (...)

Macron to take time reforming economy in divided France

BERLIN/PARIS (Reuters) - After a decade of slow growth, rising unemployment (...)

UK house price growth remains at near four-year low - Halifax

LONDON (Reuters) - British house price growth remains at its weakest level (...)

Investors are both bullish and skittish about share prices

TEN years ago this month investors were pretty confident. True, there were (...)

Puerto Rico declares bankruptcy at last

THE government of Puerto Rico said in 2015 that the island could not pay its (...)

Olympus scandal: Former bosses to pay $529m over fraud

A Tokyo court rules six men must compensate the Japanese firm and its shareholders (...)

Steven Mnuchin gets started on tax reform but there is more to do

OF THE things that investors and bosses have come to like about Donald Trump, (...)

Reducing rates for “pass-through” businesses will be tough to justify

THERE are two main reasons for a country to paw around in its tax code: to (...)

The markets are uninspired by the Trump tax plan

REMEMBER why the "Trump bump" began, all the way back in November? The rationale (...)

America’s big banks have an encouraging first quarter

WHAT a difference a year makes. When America’s big banks reported first-quarter (...)

The IMF nudges up its forecast for global growth

APRIL is the cruellest month, breeding lilacs out of the dead land, and, in (...)

Why the Federal Reserve should keep its balance-sheet large

HOW much money should exist? The Federal Reserve must soon confront this deep (...)

The mysterious quiescence of the gold market

AMERICA has bombed Syria, and its relations with Russia have deteriorated. (...)

The EFTA countries show how hard Brexit will be for Britain

NORWAY offers much to envy. The food is tasty, public services are great and (...)

America has a retirement problem, not a saving problem

HOUSE Resolution 67, which Donald Trump signed last week, rolls back a rule (...)

The markets adjust their Brexit calculations

SOMETIMES the markets are genuinely surprised. On the morning of April 18th, (...)

Starbucks says Brexit vote partly behind UK profit fall

The coffee giant blames a slowing economy and the effect of the Brexit vote (...)

Tesco full-year pre-tax profits hit by fine

The supermarket giant took a £235m charge after it was fined over its accounting (...)

Portugal Fiscal Expenditure

Fiscal expenditure in Portugal amounted to EUR 50.36 billion in 2016. Fiscal (...)

Portugal GDP Growth Rate

The Portuguese economy advanced 0.6 percent on quarter in the last three months (...)

Portugal GDP Annual Growth Rate

The Portuguese economy expanded 2 percent year-on-year in the last quarter (...)

Portugal Social Security Rate

The Social Security Rate in Portugal stands at 34.75 percent. Social Security (...)

Portugal Corporate Tax Rate

The Corporate Tax Rate in Portugal stands at 21 percent. Corporate Tax Rate (...)

How Chávez and Maduro have impoverished Venezuela

IT IS hard to convey the severity of Venezuela’s unfolding crisis. Its extent (...)

Environment: a source of future economic growth in Portugal

Despite Portugal’s economic and political challenges, it is still committed (...)

Portugal: rebalancing the economy and returning to growth through job creation and better capital allocation

Low growth and huge current account deficits have characterised the Portuguese (...)

Portugal: Deepening structural reform to support growth and competitiveness

Having been hit hard by the global crisis, the Portuguese government has taken (...)

Ireland’s food industries would be worst hit by a hard Brexit

IN 1962 Tony O’Reilly, head of the Irish Dairy Board, had an idea that would (...)

Human Resources

The processing of remunerations and all the administrative practices inherent (...)

Incentives and Investment Projects

We provide support as a strategic partner to access all types of incentives (...)

Finance and Management

We work with clients in financial reviews, performance management, consolidation (...)

Areas of Expertise

BMC Office Accounting provides support to its clients by offering a complete (...)

Careers

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All your personal information collected will be used to help you make your (...)

Terms and Conditions

Terms and Conditions By using and actively participating in PBO | Financial (...)

About Us

"PBO | Financial & Tax Consulting" has its origins in a project started (...)

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