Israel Bans Cash Bids for Amounts Starting Up to $1,700 – Finance Bitcoin News
New legislation introducing tighter restrictions on large cash payments will come into force in Israel on Monday. The aim, as stated by the country’s Tax Agency, is to improve the fight against organized crime, money laundering and tax evasion. Critics doubt the law will succeed. Israeli authorities go after cash purchases, introduce lower limits Payments of large sums of money in cash and bank checks will be further restricted in Israel under the amendments that will come into effect on 1 August. Tax officials want to further reduce the circulation of cash money in the country, hoping to curb illegal…
Read More »Let’s Rams Day for the third open practice
Before leaving Lucky draw: Vamos Rams car flag sponsored by Toyota, while supplies last. Performances: Mariachi Rams, DJ Bobbito, DJ Mal-Ski and Cheerleaders Photo and autograph opportunities: Legends of Rams Open doors At 11.00 a.m., with training at 12.30 p.m Click here to claim your free tickets. Click here for parking information, i click here for the parking map. Click here to see the Training Camp map. when you get there The Main Square of the Fan includes the Vince Lombardi Trophy, Main Stage, Box Office, Bench Press Challenge, Merchandise Tent and Rams Legends photos and autographs brought to you…
Read More »Manchin Introduces Inflation-Reduction Bill, Says ‘I’m Not Getting Involved’ in Next Election
Sen. Joe Manchin at the U.S. Capitol on Tuesday, June 14, 2022. Sen. Joe Manchin, DW.Va., and his staff told Democratic leadership Thursday that he is unwilling to support major climate provisions and prosecutors on a broad Biden agenda. bill, according to a Democrat briefed on the talks. Tom Williams | Cq-roll Call, Inc. | Getty Images Sen. Joe Manchin, DW.V., made the morning talk rounds Sunday to discuss the Inflation Reduction Act of 2022, a revival of President Joe Biden’s Build Back Better economic bill that ·lapse at the beginning of the year. The inflation bill, which Democrats are…
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China’s “dim sum” bond sales rise on demand from domestic investors
Sales of international renminbi bonds have surged this year as the country’s fixed-income investors, lacking decent returns at home, take advantage of new market access to higher-yielding Chinese currency debt abroad. The volume of dim sum bond deals (renminbi-denominated debt sold in Hong Kong) rose 145 percent from a year ago to Rmb126.8 billion ($19.3 billion), already surpassing the total of the year 2021, according to data from Refinitiv. That puts the market on track for its best year since 2016. The revival of Hong Kong’s long-stagnant dim sum market contrasts with China’s negative market sentiment toward onshore renminbi debt,…
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China factory production cuts after Covid outbreaks
China’s factory output unexpectedly fell in July following new Covid outbreaks and an increasingly pessimistic global outlook. The contraction followed June’s rebound after weeks of slowdowns and Covid restrictions that had hit the country’s industrial hubs. The official manufacturing purchasing managers’ index (PMI) fell to 49.0 in July from 50.2 in June, the National Statistics Office (NBS) he said, below the 50-point mark that separates contraction from growth and the lowest in three months. Analysts polled by Reuters had expected a reading of 50.4. Also in AF: Can China Evergrande Save With Debt Restructuring? “The level of economic prosperity in…
Read More »Republicans argue the economic deal will raise taxes, citing nonpartisan data
However, the analysis takes into account the indirect effect of the draft provision to impose a minimum tax of 15% on certain corporations. Economists assume that companies will pass some of the tax increase on to employees by reducing their after-tax wages and job opportunities. In addition, shareholders would take a hit as the value of their equity holdings, including those held in pensions and mutual funds, would likely decline. The minimum tax measure is expected to raise $313 billion over a decade, according to the JCT. Republicans point to the report as evidence that the package, which Democrats hope…
Read More »Sensex ends nearly 700pts below day’s high and below 16,000: Rupee hits record low
LIVE stock market updates : Indian equity benchmarks BSE Sensex and NSE Nifty50 rose on Wednesday, rejecting mixed moves in global markets as growing signs of a recession in the US kept investors cautious. Gains in financials, consumer staples and IT stocks lifted major indexes, although losses in oil and gas names capped gains. Broader markets also rallied, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising nearly one percent in early trade. Investors were expecting more corporate earnings from India Inc on domestic cues, a day after HCL Tech reported results. First published: July 13, 2022, 7:58…
Read More »Jim Cramer picks 7 Dow stocks investors should consider owning
CNBC’s Jim Cramer gave investors his pick of the best- and worst-performing stocks in the Dow Jones Industrial Average for the first half of the year on Tuesday. Companies in the Dow “tend to be mature, boring companies that tend to pay good dividends, which is what protects you when the Fed is tightening,” the “Mad Money” host said. “I know this is a tough market, but I’m betting the second half will be better than the first for the worst performers and be OK for the top performers,” he added. Here’s his list of the five worst-performing names in…
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