How the US Tax System Stole $600 Billion From Black Americans
A new book by University of Virginia professor Andrew W. Kahrl argues that the country has weaponized tax collection against its citizens for more than a century.
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A new book by University of Virginia professor Andrew W. Kahrl argues that the country has weaponized tax collection against its citizens for more than a century.
Chinese developer Country Garden Holdings Co., one of the biggest symbols of the nation’s broader property debt crisis, won approval to push back payments on three yuan bonds, people familiar with the matter said, staving off its first local default for now.
Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.
The East London financial district is struggling to retain some major occupiers but its not all doom and gloom.
Centerbridge Partners’ Billy Rahm, who oversees global real estate investing, is leaving the firm, according to people with knowledge of the matter.
Jul 10, 2020
Bloomberg News
,(Bloomberg) -- China’s central bank has sold at least some of its stake in India’s Housing Development Finance Corp., according to shareholder details filed with the exchanges.
The People’s Bank of China has dropped off the list of investors holding at least a 1% stake in the company as of end-June. The PBOC held about 17.5 million shares, accounting for a 1.01% shares, at end-March. It cannot be ascertained if the Chinese central bank continues to holds any stake in the mortgage lender or not.
The PBOC may have sold at least a part of its shares in the open market, Hindu Business Line newspaper reported earlier, citing market sources. HDFC shares fell as much as 2.2% in Mumbai in early trading Friday. The stock dropped 40% from its January record high to its April low but has since rebounded 27%.
PBOC had increased its stake in India’s largest shadow lender in the 12 months ended March. India in April tightened rules on investments in its companies from neighboring nations including China in a bid to reduce the risk of opportunistic takeovers amid coronavirus-led share price drops.
It is mandatory for publicly-traded companies in India to disclose shareholdings of more than 1% at the end of every quarter. HDFC’s global institutional holders as of the latest statement include the Government of Singapore as well as funds run by Vanguard and Invesco Oppenheimer.
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