China considers same tax rate for domestic, overseas firms (AFP)
AFP - Chinese lawmakers have mulled a draft law that would impose a 25 percent income tax on both domestic and foreign firms, eliminating the preferential rate for overseas companies, according to state media.
Stocks rebound on Yahoo, bargain hunting (Reuters)
2008.10.178 minutes ago
NEW YORK (Reuters) - Stocks rallied briefly in volatile trade on Thursday as investors snapped up beaten-down shares, while a report saying Microsoft may pursue a search partnership with Yahoo pulled the Nasdaq higher.
Bloomberg news service also quoted Microsoft chief executive Steve Ballmer as saying a Yahoo takeover deal may still make economic sense. He said the software giant may pursue a search partnership with Yahoo but that there were no discussions for now.
Yahoo shares were up more than 15 percent at $13.56 on the Nasdaq. Microsoft was up over 1 percent at $22.89.
The Dow Jones industrial average slipped 29.23 points, or 0.34 percent, to 8,548.68. The Standard & Poor's 500 Index was off 3.07 points, or 0.34 percent, to 904.77. The Nasdaq Composite Index rose 10.70 points, or 0.66 percent, to 1,639.03.
(Reporting by Leah Schnurr; Editing by James Dalgleish)
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China says to continue stable monetary policy (Reuters)
Reuters - China's central bank said on Monday that it would continue to take steps to keep investment and credit growth in check, while pressing ahead with efforts to make the value of its currency more market-driven.
Reuters - China's central bank said on Monday that it would continue to take steps to keep investment and credit growth in check, while pressing ahead with efforts to make the value of its currency more market-driven.
Economic growth concerns drag down indexes (Reuters)
Reuters - U.S. stocks dropped on Friday as concerns about slowing economic growth persisted, causing investors to sell shares of bellwether companies such as plane maker Boeing Co. and leaving all three major indexes in the red for the week.
Reuters - U.S. stocks dropped on Friday as concerns about slowing economic growth persisted, causing investors to sell shares of bellwether companies such as plane maker Boeing Co. and leaving all three major indexes in the red for the week.
Russia tax office files suit vs PWC on YUKOS audit (Reuters)
Reuters - Russian tax authorities have filed a suit against the local branch of PricewaterhouseCoopers (PwC) accusing it of producing a false audit for fallen oil company YUKOS, the auditor said on Monday.
Reuters - Russian tax authorities have filed a suit against the local branch of PricewaterhouseCoopers (PwC) accusing it of producing a false audit for fallen oil company YUKOS, the auditor said on Monday.
Japan keeps view that economy is recovering (Reuters)
Reuters - The Japanese government kept its assessment of the economy unchanged in a monthly report on Monday, after downgrading it for the first time in almost two years last month.
Reuters - The Japanese government kept its assessment of the economy unchanged in a monthly report on Monday, after downgrading it for the first time in almost two years last month.
