*Lexus imports cars from Japan for China market. Unlike German peers Audi, Volkswagen AG's luxury division and BMW, Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.» Read More
Scottish politicians accused George Osborne of using North Sea resources to “fuel his Budget”, saying the chancellor had given too little in return for his unexpected £2 billion tax raid on the oil and gas industry, reports the Financial Times.
CNBC's Maria Bartiromo discusses the day's top business and financial stories, and looks ahead to tomorrow's Closing Bell.
Brick-and-mortar retailers can't compete with Internet stores that charge no sales tax, analyst David Strasser said. He thinks that should change.
California’s tax collections grew at around half of what the state projected for 2010—indicating that the state’s fiscal situation may be even more dire than previously understood.
Wall Street legend Kenneth Langone, Invemed Associates chairman/president, discusses politics, the economy and the crisis in education.
A new fiscal index puts the U.S. at the bottom of the list of countries that are fiscally responsible, with David Walker, former U.S. Comptroller General/Comeback America Initiative founder/CEO.
The UK government's plan to change its plans for taxes on overseas profit is the main reason advertising giant WPP is considering returning to the country, CEO Sir Martin Sorrell told CNBC Thursday.
Italy has stepped up a campaign against French buy-outs of Italian companies, drawing up a bill aimed at thwarting unwanted foreign takeovers and opening a tax probe into two deals, the Financial Times reports.
The budget presented by George Osborne, Britain's Chancellor of the Exchequer, is pro-growth and the closest to a "free lunch" available to create jobs, which will help the pound.
Lawmakers must abandon the habits of 'Lindsay Lohan Congresses' of spending addiction, Richard Fisher, president and CEO of the Federal Reserve Bank of Dallas, told CNBC.
The German public opinion is increasingly against the idea of paying to save the weaker euro zone periphery member countries, Erik Nielsen, chief European economist at Goldman Sachs, told CNBC.
George Osborne is expected to put tax breaks for companies and hard-pressed families at the heart of Wednesday’s Budget but his scope for giveaways is constrained by a somber backdrop of rising inflation and weakening tax revenues, the Financial Times reports.
Crises in the Middle East and Japan threaten to thrust the U.S. and global economies into a second recession.
Municipal-bond prices fell Monday as we entered into one of the largest issuance weeks this year. The weakness in the face of increased supply may indicate that there is still a lot of nervousness about the muni market.
A list of measures EU heads of state will likely sign off on later this week could very well entrench Germany’s strength at the heart of Europe and the weakness of those on the periphery. CNBC'c Patrick Allen comments.
When European Union leaders gather in Brussels at the end of the week to finalise a much-anticipated “grand bargain” to solve their debt crisis, the eyes of the financial markets will be focused on an unlikely place: Finland, reports the Financial Times.
George Osborne will this week offer Budget sweeteners to low earners, motorists and holidaymakers but has made plain there is no scope for giveaways or slackening the pace of cuts, the Financial Times reports.
Liverpool residents have voiced their anger at cuts by the government, which will leave them without many public services they relied on. The Financial Times reports.
The Obama administration has spent billions of dollars trying to prevent foreclosures, but with marginal success. Still, until the problem is under control, housing will struggle to recover.
Here's the transcript from my recent interview with top Senate Republican Mitch McConnell. One of the key points he made from my perch is that he wants a broad-based budget deal, but absolutely no tax hike.
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