NEWS

UK watchdog narrows dividend-stripping investigation

A court room of a regional court is seen during a break of a trial against British banker
A British investigation into a trading scheme that claimed multiple tax rebates on dividend payments, said by European countries to have siphoned billions of euros from state coffers, is now focused on nine companies and three individuals, a Freedom of Information (FOI) request shows.
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: A view of the Tesla service centre in Singapore

Tesla shares fall as investors bash Musk's Twitter focus

Tesla shares extended declines to hit their lowest level in more than two years on Wednesday, as investors including a "fanboy" of CEO Elon Musk lashed out at Musk's distraction from the electric car company following his buy of Twitter.
Illustration shows U.S. Dollar banknote

Dollar falters as investors challenge Fed's hawkishness

The dollar was on the back foot on Thursday, even as the Federal Reserve kept to its hawkish rhetoric after raising rates by half a percentage point, as investors were doubtful over how much the central bank would commit to putting the brakes on growth to curb inflation.
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