Obama proposed tax on overseas earnings

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Source: Bloomberg
President Barack Obama announced a new tax plan for the US corporations with overseas profit. After the new legislation companies will be obliged to pay a 14% tax on the $2 trillion of foreign earnings they have accumulated. Meanwhile, this tax could encourage local companies to revoke their US residency as well as find a foreign purchaser.
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Thu, 05 Feb 2015 10:30:07 GMT

Gold extends gains amid Greece uncertainty

Gold rallied during the last two sessions, as the safe-haven asset is supported by uncertainty in Greece and China's efforts to spur its slowing economy. The precious metal added 0.4% to $1,274.18 an ounce, advancing 7.3% this year on fears that Greece may leave the Euro area and the Fed may delay an interest rate hike.

Wed, 04 Feb 2015 20:19:03 GMT

Companies in Euro zone add more jobs on economy outlook

Companies in the Euro zone increased hiring, as services and manufacturing sectors in the bloc grew faster than expected. A gauge of employment rose in both industries during the January and a Purchasing Managers' Index climbed from 51.4 to 52.6 in December.

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