India must do more to tax its super-rich, France’s Piketty says
(This Dec. 13 story has been corrected to say ‘outflows’, not ‘overflows’, in paragraph 7) By Manoj Kumar NEW DELHI (Reuters) – India should do more to tax its super-rich given its high levels of inequality, French economist and author…
Fed to flag slower pace of easing, Jan rate cut no longer expected- Goldman Sachs
Investing.com– The Federal Reserve is likely to signal a slower pace of interest rate cuts in 2025 this week, Goldman Sachs said, and is unlikely to trim rates in January amid concerns over sticky inflation and a strong labor market. …
Novo Nordisk to invest $1.2 billion in new plant in Denmark
STOCKHOLM (Reuters) – Danish drugmaker Novo Nordisk (NYSE:NVO) will invest 8.5 billion crowns ($1.20 billion) in a new facility in Odense, Denmark, for the production of rare disease drugs, it said on Monday. The company said in a statement the…
US case against India’s Gautam Adani appears strong but extradition unlikely, experts say
By Luc Cohen NEW YORK (Reuters) – The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be…
Stellantis swiftly reshapes strategy under Elkann after Tavares exit
By Giulio Piovaccari and Nora Eckert MILAN/DETROIT (Reuters) – Steered by Chairman John Elkann, Stellantis (NYSE:STLA), owner of 14 brands including Fiat (BIT:STLAM), Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations…
Taiwan stocks lower at close of trade; Taiwan Weighted down 0.11%
Investing.com – Taiwan stocks were lower after the close on Monday, as losses in the , Electricity and Plastic sectors led shares lower. At the close in Taiwan, the Taiwan Weighted declined 0.11%. The best performers of the session on…