Analysis-How Italy’s tax system got rigged for the rich
By Giuseppe Fonte, Gavin Jones and Alvise Armellini ROME (Reuters) – Italy’s tax system is skewed in a way that lets society’s wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and…
Exclusive-Russia’s VTB CEO says BRICS summit was a slap in the face for the West
MOSCOW (Reuters) – A summit of the BRICS countries held in the Russian city of Kazan in October was a slap in the face for Western nations which imposed sanctions on Russia, the CEO of Russia’s second largest lender VTB…
Exclusive-Russia’s VTB CEO says he’s not sure about optimistic scenario for Ukraine deal underTrump
MOSCOW (Reuters) – Any peace deal with the West over Ukraine should be long-term and not need to be returned to within 10 years, VTB bank’s CEO Andrei Kostin told Reuters, adding that life with the new U.S. administration would…
ECB’s Lane says bank should focus on future risks for policy decisions, FT reports
(Reuters) – The European Central Bank should make future monetary policy decisions based on upcoming risk rather than the latest economic data, ECB chief economist Philip Lane told the Financial Times in an interview published on Monday. “Once … the…
Japan stocks higher at close of trade; Nikkei 225 up 0.92%
Investing.com – Japan stocks were higher after the close on Monday, as gains in the Gas & Water, Banking and Retail sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.92%. The best performers of the…
Adani Power says no indication of Bangladesh reviewing power deal
(Reuters) – Adani Power (NS:ADAN) on Monday said it has no indication that the Bangladesh government is reviewing a power purchase agreement with the company, a day after Reuters reported that the country is looking to renegotiate the deal. Reuters…