Business
The Irish loophole behind Apple’s low tax bill
LONDON, May 22 — Apple’s ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.
A US Senate investigation revealed yesterday that Apple, maker of iPhones, iPads and Mac computers, channelled profits into ... Read More
Apple CEO Tim Cook confers with staff during a break at a Senate homeland security and governmental affairs investigations subcommittee hearing in Washington, May 21, 2013. — Reuters pic
Recent Articles
Indonesia’s Bank Danamon shares tumble 4pc after DBS approval
JAKARTA, May 22 — Shares in Bank Danamon Indonesia Tbk PT dropped more than 4 per cent today, a day after Indonesia gave its approval for Singapore's DBS Group Holdings Ltd to buy a 40 per cent stake in ... Read More
Japan exports disappoint, full benefits of weak yen yet to show
TOKYO, May 22 — Japan’s exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world’s third-biggest economy as ... Read More
EU watchdog unveils caps for bank bonuses
LONDON, May 22 — EU regulators confirmed yesterday that they will cap bonuses of bankers earning more than €500,000 (RM2 million) a year and added other conditions to make the pay ceiling harder to ... Read More
Temasek raises stake in ICBC to 7.04pc
HONG KONG, May 22 — Temasek Holdings (Private) Ltd increased its stake in Industrial and Commercial Bank of China (ICBC) from 6.71 to 7.04 per cent, according to a regulatory filing the Singaporean ... Read More
Analyst calls for May 22
KUALA LUMPUR, May 22 — This is a selection of morning calls by local research houses for the day.HwangDBS VickersToday’s market previewRiding on the upward momentum, the key FBM KLCI could rise towards ... Read More
Asian stocks cheered by Fed reassurance, yen awaits BOJ
SYDNEY, May 22 — Asian stocks rose today following a positive lead from Wall Street with Japan’s Nikkei reaching a 5-1/2 year high, while the yen took a defensive stance ahead of the outcome of the Bank ... Read More
Is Sony un-Japanese enough to entertain change?
TOKYO, May 22 — Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favours long-standing ties with banks, business partners and ... Read More
China’s bird flu outbreak cost US$6.5b
GENEVA, May 22 — The H7N9 virus appears to have been brought under control in China largely due to restrictions at bird markets, but caused some US$6.5 billion (RM20 billion) in losses to the economy, UN ... Read More
Dimon clings to JPMorgan chairman title, after fight
TAMPA (Florida), May 22 — Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities — he hinted he might ... Read More
Dow, S&P end at records on Fed officials’ reassurance
NEW YORK, May 22 — US stocks rose yesterday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials’ comments eased some concerns that the central bank could start ... Read More
More Articles
- Shares end higher as eyes turn to Fed
- CIMB cautious on outlook after asset sale boosts Q1 profit
- Share prices close sharply higher with FBM KLCI advancing 10.23 points
- KLCI futures close higher on steadier cash market
- EPF makes US$1.3bn additional global investiments in Q1 2013
- Short term rates close stable on Bank Negara intervention
- Hong Kong shares nudged off 3-1/2-month high, China ekes out 5th straight gain
- San Miguel keen to keep bank unit if CIMB walks away from deal
- Malaysia’s investments grew 44pc in 2013 Q1, says MIDA
- Analysts maintain outperform call on Pos Malaysia
- Share prices stay positive at midday
- Affin’s share slides on lower earnings result
- Goldman exits China’s ICBC, 7 years and billions later
- JPMorgan investors on edge over vote on Dimon
- Short-term rates to remain stable
- Ringgit traded slightly higher against US dollar
- Share prices higher in early trade
- Tech, labour brandish duelling studies in US immigration fight
- Italy PM Letta seeks to smooth property tax standoff
- China ups stakes in Australia power firms as Singapore retreats
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