The United States is set to extend a licence allowing U.S. companies to continue doing business with Chinese technology company Huawei Technologies Co Ltd [HWT.UL], the New York Times reported https://nyti.ms/2OcpWYo on Friday, citing people familiar with the deliberations.
Archives for November 2019
Wall Street Weekahead: Sagging consumer discretionary shares look for a spark
The strength of the U.S. consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months.
Use of standard mileage rate, other rules are updated for TCJA
The IRS issued guidance on Thursday updating prior standard mileage rules to reflect provisions of the law known as the Tax Cuts and Jobs Act (TCJA), P.L 115-97 (Rev. Proc. 2019-46). The TCJA suspended miscellaneous itemized deductions under Sec. 67 and deductions for moving expenses under 217(a) (except for members of the armed forces on […]
Vodafone Idea makes $7 billion loss after provisions for government dues
Vodafone Idea on Thursday reported the biggest quarterly loss in India’s corporate history after making provisions for outstanding government dues.
Court tosses Carl Icahn’s lawsuit seeking Occidental acquisition records
Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge ruled on Thursday.
IRS commissioner seeks to enhance taxpayer contacts, target enforcement
Commissioner Charles Rettig wants practitioners and others to become “highly engaged” in an enhanced relationship with the IRS as the Service continues to develop its thoughts on a potential reorganization required by the Taxpayer First Act, P.L. 116-25, he told the AICPA National Tax Conference in Washington on Thursday. This engagement is a shared responsibility, […]
5 Crucial Steps for Small Business Growth in 2020
As the saying goes, “failing to plan is planning to fail”. This is never more true than in the world of small businesses. Looking back on the year, there may be many obvious mistakes that have prevented your company from seeing its full potential. In the coming year, there are several crucial steps that will […]
Global miner BHP taps Australia head Henry as new CEO
BHP Group Ltd on Thursday named its Australian head Mike Henry to succeed Andrew Mackenzie as the miner’s chief executive, shunning calls from some investors for fresh blood from outside the Anglo Australian giant.
Global Markets: Asian stocks retreat as China’s growth slowdown deepens
Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy.
Jobs at risk as China’s services sector feels heat of trade war
Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40% year-on-year, and export orders have also fallen at a similarly dizzying rate.