Tax Rate News
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Updated 6 minutes ago
U.S. companies led by General Electric Co. and Pfizer Inc. stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 percent, according to data compiled by Bloomberg.
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Kenya Commercial Bank Ltd., the East African nation’s third-biggest lender by market value, headed for a seven-month high after its full-year earnings beat some analysts’ estimates.
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Russia, the world’s largest oil producer, said output rose 1.3 percent in February from a year earlier, topping January’s post-Soviet record.
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Australian Treasurer Wayne Swan said resource tycoons including Gina Rinehart, Clive Palmer and Andrew Forrest are threatening the nation’s democratic process by using their wealth to shape policy to their interests.
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California sold $2 billion of general-obligation bonds after raising yields as the offering’s size forced up interest rates across the $3.7 trillion municipal market.
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California raised yields on $2 billion of general-obligation bonds it sold today as it wrapped up its first such offering since October.
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California raised preliminary yields on some maturities as it began marketing to institutional buyers in the third day of its $2 billion general-obligation offer, according to a person with direct knowledge of the sale.
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Guatemalan President Otto Perez Molina is sparking a bond rally by pledging to tame drug violence that has pushed the murder rate up 60 percent in the past decade and cut into economic growth.
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Following is the text of the U.S. personal income report for Jan. from the Commerce Department.
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California, the most indebted U.S. state, cut preliminary yields on some maturities as it marketed $2 billion of tax-exempt bonds to individuals for a second day, according to a person with direct knowledge of the sale.
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