South Korean Samsung Electronics Co., the world's largest manufacturer of smartphones and semiconductors, predicts a drop in operating profit in the fourth quarter by 28.7%, to approximately 10.8 trillion won ($ 9.67 billion) compared to 15.15 trillion won for the same period a year earlier....

PG&E Corp was stripped of its investment grade credit rating on Monday by the global ratings agency S&P Global Ratings. The arguments put forward by the ratings agency for lowering the stocks of PG&E included the California power utility  was set to face acute challenges resulting...

The weakening of the Chinese economy was cited to be the incentive for the country to come to a trade agreement with United States, said the US President Donald Trump on Sunday and added that the talks on a trade deal with Beijing are going “very well,” citing the weakening Chinese economy as an...

The US Federal Reserve Chairman Jerome Powell tried to assure concerns of investors and the markets by saying that the fed is aware of the risks in the economy and in 2019 it would get more patient and flexible in its policy decisions, even as there were concerns that the fed was not insensitive...

French government to take “any necessary measures” if the “company heads of companies listed in France” are not found to be “tax residents in France”. The government of France brings the French listed company chiefs under its scrutiny as measure to ensure their compliance with tax regulations in...

The latest figures from German authorities show that there was a sharp decline in December in the annual inflation in the country.   The new level; reached was lower than the target level for inflation set by the European Central Bank. The new inflation figures from the largest economy of...

Industries including autos, technology – and most importantly agriculture, have been hard hit by the U.S.-China trade war which has resulted in losses to both sides worth billions of dollars in 2018.   Despite some specialised industries such as soybean crushing gained some benefits from the...

With the end of Austrian presidency at the bloc coming to an end, the EU failed to decide upon any tax scheme on digital revenues but that did not stop Austria to move forward with its own agenda. Austria failed to clinch a “digital tax” deal during its “European Union presidency”, whereby on...

The position of the leader in Southeast Asia's top grossing market for initial public offerings in 2018 has been lost by Singapore despite being a major international financial hub.   Vietnam out performed Singapore - even though the former is not always thought about as the first preference...