General Electric Co on Monday downplayed concerns that its U.S. tax liabilities could increase by billions of dollars and that a decision by British tax authorities could saddle the company with an additional $1 billion tax bill.
Category: businessNews
China’s online giants Alibaba and JD.com are taking their battle for relevance in the lucrative luxury goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties.
The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.
The United States on Monday restored sanctions targeting Iran’s oil, banking and transportation sectors and threatened more action to stop its “outlaw” policies, steps the Islamic Republic called economic warfare and vowed to defy.
The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.
Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crudes to allow it greater flexibility in procuring supplies, a spokesman said on Monday.
Leonardo Del Vecchio plans to propose Luxottica Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica , a spokesman for the Luxottica founder said on Monday.
Daniel Loeb’s Third Point LLC criticized Campbell Soup Co’s board on Monday for allowing the grandchildren of the company’s former chairman to quietly build voting power through the soup maker’s share buybacks in recent decades.
The board of Citigroup Inc on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat.
U.S. President Donald Trump on Monday said he wants to impose sanctions on Iran’s oil gradually, citing concerns about shocking energy markets and causing global price spikes.