China hikes tax on imported luxury cars
BEIJING (AP) - Chinese buyers of eye-poppingly expensive luxury cars will have to pay extra under Beijing’s latest effort to rein in ostentatious spending.The communist government has added a 10 percent import tax, effective Thursday, on “super-luxury vehicles” priced above 1.3 million yuan ($190,000). The Finance Ministry said it is aimed at encouraging “rational consumption” and curbing energy use and emissions.Chinese leaders are trying to nurture domestic consumption to reduce reliance on tr..>> view originalTrump Treasury pick made millions after his bank foreclosed on homeowners
Donald Trump wasn’t the only person to see opportunity in the 2008 housing collapse. As the economy recovered from the rubble of failed banks, foreclosed homes and government bailouts, Steven Mnuchin emerged a winner. That success is coming back to haunt the hedge fund manager and Hollywood producer who is Trump’s choice for Treasury secretary. OneWest, a bank Mnuchin and his partners established during the collapse, has taken steady fire from regulators and consumer advocates for myriad failu..>> view originalChina Stands to Gain From OPEC Deal
BEIJING—For China’s beleaguered oil sector, a deal by the Organization of the Petroleum Exporting Countries to cut output could offer a lifeline to an industry that has been hammered by low prices—and may also hasten its shift away from a heavy reliance on Saudi crude. If successfully implemented, the deal portends important shifts in how China buys foreign oil, analysts said. It could also help stem a recent slide in domestic...>> view originalEurozone unemployment rate edges down further
In this picture taken with a long time exposure people walk along the Christmas Fair in front of the Mariendom (Cathedral of Mary) and St. Severi's Church in Erfurt, central Germany, Monday, Nov. 28, 2016. The Erfurt Christmas Market is one of the most ...>> view originalUS Stocks End Month With Gains
The Dow Jones Industrial Average rose for the sixth day in seven and U.S. Treasury yields touched their highest level since July 2015, concluding a month viewed by many traders as the most eventful in financial markets since the euro crisis ended in 2012. The Dow rose 1.98 points to 19123. The 30-stock average rose 5.4% for the month, its best performance since March. It set eight records in November and crossed 19000 for the first...>> view originalDelinquencies Rise on Growing Volume of Subprime Auto Loans
Subprime auto loans are back and already going sour. The number of subprime auto loans slipping into delinquency climbed to the highest level since 2010 in the third quarter, and is following a pattern much like the months heading into the 2007-09 recession, according to fresh data from the Federal Reserve Bank of New York. Overall “auto...>> view originalPutin curbs anti-Western rhetoric, says wants to get on with Trump
MOSCOW President Vladimir Putin struck an unusually conciliatory tone in his annual state of the nation address on Thursday, saying Moscow wanted to get on with the incoming U.S. administration and was looking to make friends not enemies.Putin has used previous set-piece speeches to lash out at the West and the United States in particular, but he reined in his criticism this time round and focused most of his speech on domestic social and economic issues."We don't want confrontation with anyon..>> view original
Saturday, December 10, 2016
China hikes tax on imported luxury cars and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment