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Amazon’s advertising profits will surpass its AWS income by 2021: Piper

Amazon's stunning growth in the internet advertising market will boost the company's shares, according to Piper Jaffray. The firm reaffirmed its overweight rating for...

Pimco’s Ivascyn says time for defensive approach at Pimco Income Fund

(Reuters) - Dan Ivascyn, the group chief investment officer at Pacific Investment Management Co (Pimco), said it is time for a more defensive...

Ex-Manafort aide Gates testifies his mentor hid income in Cyprus

ALEXANDRIA, Va. (Reuters) - Former Trump campaign chairman Paul Manafort’s longtime aide testified at trial on Tuesday that Manafort instructed him not to...

Allianz posts 5% fall in net income, but confirms outlook for...

Allianz announced at the start of July a new share buyback program that could rise to 1 billion euros ($1.16 billion). The company...

U.S. Treasury proposes rules on repatriating overseas corporate income

WASHINGTON (Reuters) - U.S. companies got more clarity on Wednesday on bringing more than $2.6 trillion in profits held abroad into the United...

NYSE-owner ICE to launch new fixed income ETF platform

(Reuters) - Intercontinental Exchange Inc is partnering with BlackRock Inc on a new fixed income exchange-traded fund execution platform to open next year,...

Airtel Says Mobile Data Traffic Surged 355 Percent, Reports Net Income...

Continuing to bleed for the ninth straight quarter, telecom major Bharti Airtel on Thursday reported a 73.5 percent drop in net income...

US will need some kind of universal basic income

Count former U.S. Labor Secretary Robert B. Reich as the latest notable figure who thinks universal basic income will eventually become a reality. Reich,...

China plans income tax cut to boost consumer spending, reduce inequality

China’s parliament has drafted a tax cut that will slash tax for most individuals, as part of the government’s...

Aadhaar-Based Instant PAN Allotment System Launched by Income Tax Department

The Income Tax department has launched an 'instant' Aadhaar-based PAN allotment service for individuals seeking to obtain the unique identity for the...
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