LA Private

August 2024

Kamala Harris proposes major tax hike for corporate America

Kamala Harris plans to increase the U.S. corporate tax rate to 28 per cent if she wins the White House in November, aiming to boost government revenues from corporate America—a move likely to face opposition from the business community. Harris’s campaign announced on Monday that she intends to uphold the proposal first introduced by President […]

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Fletcher Building appoints new CEO

A day before releasing what are expected to be bad figures, Fletcher Building (ASX:FBU) has finally named a new CEO in the shape of former executive, Andrew Reding. He will start on Thursday, 22 August, as a director of the company and become CEO from 30 September. The end-of-first-quarter start date will give him a

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KMD Brands heads for major loss

NZ adventure-wear group, KMD Brands (ASX:KMD), is heading for a significant loss for the year to 31 July, despite a sales update showing a gradual improvement from the retailer’s mid-year slump. In an update on Tuesday, just 11 days before the balance date, the company revealed it expects underlying EBITDA to be between NZ$49 million

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China restricts investment access

Chinese authorities have restricted access to a key data source on inward investment as global funds continue to withdraw from the country’s stock market, raising the possibility that 2024 could mark the first year of net equity outflows. On Monday, daily data tracking net investment flows from foreign funds into mainland Chinese stocks—referred to as

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Seven & i in play for massive takeover

Global convenience store giant, Japan’s Seven & i Holdings, has received a reported US$31 billion takeover offer from Canada’s global convenience store giant, Alimentation Couche-Tard. The Nikkei newspaper reported the offer on Monday, which, if it happens, would be the biggest foreign takeover of a Japanese company. Alimentation Couche-Tard has a market value of around

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