Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

China’s July vehicle sales jump 30%, industry body says

Cars drive on the road during the morning rush hour in Beijing, China, July 2, 2019. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 11 (Reuters) – China’s auto sales surged 29.7% in July from a year earlier to 2.42 million units, extending a recovery that began in June with … Read more

Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 9 (Reuters) – Tesla ( TSLA.O ) sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier as … Read more

Analysis: Why the banks financing Musk’s Twitter deal are unlikely to be able to help him walk away

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc (TWTR.N) have a … Read more

Volvo Cars July sales drop 21.5%, sees improvement ahead

A staff member stands in front of Volvo XC60 and XC90 SUVs displayed at its booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Aug 3 (Reuters) – Volvo Car Group’s (VOLCARb.ST) July sales were … Read more

India shares up on auto rally ahead of sales data

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, Aug 1 (Reuters) – Indian shares kicked off August trading on a positive note on Monday, after having logged their best gains since November 2020 last month, led … Read more

China to use effective investment, not flood-like stimulus, to boost economy, state media report

Customers dine at a restaurant in a shopping area in Beijing, China July 25, 2022. REUTERS/Tingshu Wang/File Photo Register now for FREE unlimited access to Reuters.com Register BEIJING, July 29 (Reuters) – China will use effective investment to help the economy recover and will not resort to flood-like stimulus, state media said on Friday, following … Read more

Amazon sees summer windfall on higher fees and Prime Day sales

The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – Amazon.com Inc (AMZN.O) on Thursday said it expects a jump in third-quarter revenue, as the retailer collects … Read more

Harley keeps full-year outlook as shutdown hits sales

FILE PHOTO: Motorcycle maker Harley Davidson’s logo appears on the window of a store in Boston, Massachusetts July 17, 2008. REUTERS/Brian Snyder Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – Harley-Davidson Inc. (HOG.N) posted a rise in profit and maintained its full-year revenue outlook on Thursday even as a two-week … Read more

JLR parent Tata Motors sees sales picking up as chip shortage eases

BENGALURU, July 27 (Reuters) – Tata Motors Ltd (TAMO.NS) expects strong demand to drive up sales of its cars, including at the luxury Jaguar Land Rover (JLR) unit, as the semiconductor shortage eases, even as it posted a wider quarterly loss on higher costs. The carmaker reported a consolidated net loss of 50.07 billion rupees … Read more