Tax Cuts for Some a ‘Worthy Objective,’ Australia Treasurer Says
Australian Treasurer Jim Chalmers called tax relief for some earners a “worthy objective,” amid criticism that planned income
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ECB Tightening Path Is in ‘Home Stretch,’ Guindos Tells Sole
The European Central Bank is in the final leg of its historic cycle of interest-rate increases, according to
1970-01-01 08:00
Bond Traders Laser-Focused on Washington as Debt-Cap Risks Grow
Treasury traders will be on high alert in the coming week for signs out of Washington on whether
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The Fed Isn’t Fully Taking Its ‘Foot Off the Pedal,’ Loomis Says
The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t
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Biden Says Debt Talks Move Along as Parties Discuss Changes
President Joe Biden said budget talks to avert a catastrophic US default are moving along and that negotiators
1970-01-01 08:00
Brazil Debt Is the Source of High Rates, Central Bank Chief Says
Brazil’s central bank chief said high levels of public debt are to blame for interest rates steady at
1970-01-01 08:00
Pickleball is replacing Bed Bath & Beyond and Old Navy at malls
Pickleball is coming to your local mall, replacing shuttered Bed Bath & Beyond, Old Navy, and Saks Off 5th stores.
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Stock Traders Are Nonchalant About US Being on Cusp of Default
The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as
1970-01-01 08:00
New York Cements Itself as the Gold Mining Capital of the World
The momentum has been building for years, but this week made it official: the epicenter of the gold
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Starmer Says Reform Plan Is Blair’s Labour ‘on Steroids’
Keir Starmer said his his mission to reform the UK Labour Party is an “on steroids” version of
1970-01-01 08:00
Charting the Global Economy: US Inflation Cools; BOE Hikes Rates
US inflation showed more signs of moderating in April, giving the Federal Reserve room to pause interest-rate increases
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Ineos ‘optimistic’ over Man United purchase after increased contact with Raine Group
Sir Jim Ratcliffe has had more extensive contact with Raine Group over the past two weeks than Qatar, creating a positivity within the INEOS bid that they can be the next owners of Manchester United, although it has not yet been communicated who the preferred bidder is. That does leave the way open for a huge Qatar offer that many have long been waiting for, but it would have to be a significant increase on their third-round bid of under £5bn. They would also have to be quick, as it is now expected that an announcement on preferred bidder could come next week. While the nature of this process ultimately comes down to the numbers, there was irritation on the selling side at some of the briefing around the third Sheikh Jassim-led bid, given it was considerably lower than had been anticipated. The Independent has also been told that the Glazers have been giving consideration to the fact any Qatar offer could take six to nine months longer, due to the likelihood that the assessment by the Owners and Directors test would be far longer. The bid comes as the Premier League have sought to tighten regulations on state-linked owners, amid increasing pressure over the subject. The Glazers are also conscious of the fact that, if that happens, and the Qatar deal were to falter, Ratcliffe would be unlikely to come in on a point of principle. As the INEOS group have long pointed out, their offer can lead to a cleaner process. Ratcliffe's group are “optimistic” that, if the takeover process continues smoothly, they would at least have an agreement to buy the club by the summer transfer window. That could leave Erik ten Hag frustrated as regards transfers for next season, given the club would be restricted in what it could do, but with the offset that the future would be much clearer thereafter. Either way, the Glazers' bankers are currently willing to discuss final details with Ratcliffe. The only development that could currently change that is if Qatar come back in with a huge offer, and there is insistence from within the Gulf state they are still in the race. At the same time, discussions with Raine have been minimal, with one source even stating that it was as close as you can get to being “ghosted” in such processes. The prospective takeover of United has been discussed at the top levels of the state, but a number of political issues have complicated the planned purchase, not least the willingness to not be seen to just pay whatever it takes. From the start, Qatar have been insistent they will only buy for the right price. It remains to be seen whether that valuation changes as the possibility of failure looms. Read More What would a Sir Jim Ratcliffe takeover mean for Manchester United Erik ten Hag unsure what funds will be available to strengthen Man Utd’s squad Man Utd fans stage protest against Glazers before and during Aston Villa match
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