LINCOLN — The projected tax breaks provided by a major state economic incentive program far outstrips the tax revenue benefits of the program, a new state Revenue Department report indicates. The estimated tax credits to be provided via the Nebraska Advantage Act in fiscal year 2022-23 was $93.4 million greater than the tax revenue generated, … Read more
SINGAPORE – Oil prices fell on Monday on concerns that widening COVID-19 curbs in China will curtail demand, offsetting signs that output at the top U.S. shale field is losing steam. Brent crude futures dropped 36 cents, or 0.4%, to $95.41 a barrel by 0151 GMT after slipping 1.2% on Friday. U.S. West Texas Intermediate … Read more
By Davide Barbuscia NEW YORK (Reuters) – U.S. Treasury yields climbed on Monday as investors remained concerned the Federal Reserve would maintain its ultra hawkish stance on fighting inflation despite economic data pointing to a slowdown in U.S. business activity in October. The Fed is widely expected to increase rates by 75 basis points next … Read more
(Adds details, analyst comment, updates prices) By Davide Barbuscia NEW YORK, Oct 24 (Reuters) – U.S. Treasury yields climbed on Monday as investors remained concerned the Federal Reserve would maintain its ultra hawkish stance on fighting inflation despite economic data pointing to a slowdown in U.S. business activity in October. The Fed is widely expected … Read more
“Stealthy” freezes to tax and welfare thresholds will outweigh any benefits people will get from the government’s plan to cut taxes, according to economists. Chancellor Kwasi Kwarteng announced a raft of measures in his mini-budget last month, including cutting the basic rate of income tax by 1p and reversing the increase to National Insurance, brought … Read more
OIL rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Brent crude futures rose 15 cents, or 0.2%, to $89.98 per barrel by 0657 GMT, recouping their losses in early Asia trade. U.S. West Texas Intermediate (WTI) crude rose 10 … Read more
The plan agreed to on Sept. 2 calls for participating countries to deny insurance, finance, brokering and other services to oil cargoes priced above the yet-to-be-set price cap. However, a big question remains: Will Putin allow the sales of Russian oil under a price cap? Should Putin choose to cancel export contracts and shut-in production, … Read more
Image: Getty Images/iStockphoto Professional qualifications are an intense and often expensive experience: an MBA from a top-tier business school can cost tens of thousands or more for a programme of courses and events crammed into a year or so of hard studying. Supporters argue that, with the demand for digital transformation, understanding business as well as technology … Read more