As China completed the 2025 corporate income tax settlement, listed companies have reported a surge in back-tax payments. Between May 29 and June 1, eight Shanghai- and Shenzhen-listed firms reported more than 400 million yuan ($59 million) in combined back taxes and late fees. So far this year, 69 Chinese mainland-listed companies have disclosed more than 4.9 billion yuan ($675.9 million) in back...
As China completed the 2025 corporate income tax settlement, listed companies have reported a surge in back-tax payments. Between May 29 and June 1, eight Shanghai- and Shenzhen-listed firms reported more than 400 million yuan ($59 million) in combined back taxes and late fees. So far this year, 69 Chinese mainland-listed companies have disclosed more than 4.9 billion yuan ($675.9 million) in back taxes, late fees and fines, a sharp rise from single-digit company counts in the same period of 2024 and 2025.
Jeremy Coney’s tourists 40 years ago lacked the resources and professionalism of their opponents but got under England’s skin to claim a famous series win Jeremy Coney is barking with laughter recalling the story of winding up England’s Phil Edmonds at Trent Bridge 40 years ago. “We needed about 70-odd runs to win the match and go 1-0 up in the series. Edmonds was bowling to myself and Martin Crow...
Jeremy Coney’s tourists 40 years ago lacked the resources and professionalism of their opponents but got under England’s skin to claim a famous series win Jeremy Coney is barking with laughter recalling the story of winding up England’s Phil Edmonds at Trent Bridge 40 years ago. “We needed about 70-odd runs to win the match and go 1-0 up in the series. Edmonds was bowling to myself and Martin Crowe with this rather garish sponsored wristwatch on.” Continue reading...
Regulator finds inadequate monitoring by firm could have exposed vulnerable customers ‘to clear risk of harm’ Ovo Energy has agreed to pay more than £10m after the energy regulator for Great Britain, Ofgem, found a lack of monitoring of vulnerable customers with prepayment meters (PPMs) could have exposed them to a “clear risk of harm”. Ofgem found that Ovo did not adequately monitor its PPM custo...
Regulator finds inadequate monitoring by firm could have exposed vulnerable customers ‘to clear risk of harm’ Ovo Energy has agreed to pay more than £10m after the energy regulator for Great Britain, Ofgem, found a lack of monitoring of vulnerable customers with prepayment meters (PPMs) could have exposed them to a “clear risk of harm”. Ofgem found that Ovo did not adequately monitor its PPM customers, including those on the priority services register, leading to breaches of the watchdog’s rules designed to protect customers in vulnerable situations. Continue reading...
Emma-Lee Moss, AKA singer-songwriter Emmy the Great, has written a memoir rooted in her love of Hong Kong’s east-meets-west pop. She picks her favourite tracks Emma-Lee Moss, a singer-songwriter who released four albums as Emmy the Great, was born in Hong Kong to an English father and Hongkonger mother. She lived there until she was 11, when her family moved to England, one of many who left Hong K...
Emma-Lee Moss, AKA singer-songwriter Emmy the Great, has written a memoir rooted in her love of Hong Kong’s east-meets-west pop. She picks her favourite tracks Emma-Lee Moss, a singer-songwriter who released four albums as Emmy the Great, was born in Hong Kong to an English father and Hongkonger mother. She lived there until she was 11, when her family moved to England, one of many who left Hong Kong before its transfer of sovereignty from the UK to China in 1997. Even as a child, Moss understood the significance of the handover, which returned Hong Kong to Chinese control after 156 years as a British colony. “Thanks to our British passports, we would avoid the greatest schism our city had ever known – and its consequences, which were unwritten,” Moss writes in her memoir, My Cantopop Nights . Later, as a touring musician, Moss played gigs in Hong Kong, where she reconnected with her childhood love of Cantopop – predominantly Hong Kong music that blended Chinese and western pop sensibilities. In 2017, she moved back there to write her fourth album . That year, which marked 20 years since the handover, saw thousands of pro-democracy protesters on the streets after activists including Joshua Wong, Nathan Law and Alex Chow were imprisoned. Amid the unrest, Moss sought to capture Hong Kong’s sound and spirit through her music. Continue reading...
LPETTET Proposed U.S. tariffs on imports from most major trading partners could add fresh pressure to consumer prices, according to UBS economist Paul Donovan. The Trump administration is considering tariffs of at least 10% on a broad range of imports following an investigation into products allegedly made with forced labor, as President Donald Trump seeks to reestablish a sweeping tariff regime t...
LPETTET Proposed U.S. tariffs on imports from most major trading partners could add fresh pressure to consumer prices, according to UBS economist Paul Donovan. The Trump administration is considering tariffs of at least 10% on a broad range of imports following an investigation into products allegedly made with forced labor, as President Donald Trump seeks to reestablish a sweeping tariff regime that was previously invalidated by the Supreme Court. In a note, Donovan said previous tariffs were largely passed on to consumers. However, when those tariffs were later removed, retail prices generally did not fall, allowing companies to retain the benefit through higher profit margins. That margin expansion could give businesses room to absorb some costs of any new tariffs if they are imposed on the same products affected by earlier trade measures, Donovan said. Still, he warned that consumers may continue to blame tariffs for future price increases regardless of whether tariffs are the direct cause, potentially amplifying concerns about inflation and affordability. Donovan also noted that some frequently purchased food items appear to be exempt from the proposed measures, suggesting policymakers may be attempting to limit the impact on household inflation perceptions. More on markets Fasten Your Seatbelt More Data Showing A Weirdly Decent Labor Market Why The "AI Mania" May End Badly U.S. weighs 10% tariff on 60 economies over forced labor trade Stocks to watch on Tuesday after-hours: PANW, ULTA, GTLB
Treasuries slid, heading for their biggest drop in more than two weeks, after an escalation in US-Iran tensions lifted oil prices and added to expectations that the Federal Reserve may raise interest rates this year. US 10-year yields rose four basis points to 4.48%, after Brent crude climbed above $98 a barrel for the first time this month. US forces intercepted Iranian ballistic missiles and dro...
Treasuries slid, heading for their biggest drop in more than two weeks, after an escalation in US-Iran tensions lifted oil prices and added to expectations that the Federal Reserve may raise interest rates this year. US 10-year yields rose four basis points to 4.48%, after Brent crude climbed above $98 a barrel for the first time this month. US forces intercepted Iranian ballistic missiles and drones aimed at neighboring states, straining the ceasefire and reducing chances that the Hormuz waterway — the transit channel for a fifth of global oil flows — will open any time soon. The persistently high oil prices coincide with signs of labor market resilience in the US, with data Tuesday already backing wagers that the next move by the Fed will be a rate hike. Swaps tied to policy-meeting dates now assign an 85% chance of a quarter-point hike by year-end, up from 60% last week, while expectations for a full increase have been brought forward to January 2026 from March. Traders are awaiting more labor data after Tuesday’s release showed April job openings at the highest in almost two years. ADP employment numbers as well as ISM services numbers are due later in the day, while non-farm payrolls for May will be released Friday. “After job openings data significantly beat expectations on Tuesday, the US data is likely to be more influential for markets,” ING Groep NV strategists including Padhraic Garvey told clients in a note. In addition, next week will bring the inflation print for May. It’s forecast to rise to 4.2%, according to a Bloomberg poll of economists, and would be an increase from April’s 3.8% figure — already the fastest in three years. That print had been driven by rising gasoline prices, underscoring the impact of the Iran war. A couple of policymakers may offer clues on the path for monetary policy ahead of the Fed’s June 17 policy meeting. Michael Barr and Lorie Logan, both of whom are voters, are scheduled to speak later. Traders will be watching closely ...
Broadcom Inc. shares have been on a tear, adding more than $280 billion in market value in just the last four sessions. But with earnings arriving after the bell, investors will have a chance to assess whether the rally has gone too far. “It’s hard to say for sure if we’ve gotten ahead of our skis, but there’s absolutely potential for profit taking,” said Tim Ghriskey , senior portfolio strategist...
Broadcom Inc. shares have been on a tear, adding more than $280 billion in market value in just the last four sessions. But with earnings arriving after the bell, investors will have a chance to assess whether the rally has gone too far. “It’s hard to say for sure if we’ve gotten ahead of our skis, but there’s absolutely potential for profit taking,” said Tim Ghriskey , senior portfolio strategist at Ingalls & Snyder, which has about $11 billion in assets and owns Broadcom shares. “This isn’t to say there’s anything wrong with the company, but we’ve already seen a huge move and people will want to lock that in, especially if they’re afraid we’ll see a repeat of the selloff we saw earlier this year. The volatility is gigantic.” Broadcom’s stock price is recovering from several months of weakness, losing 23% from the beginning of December to the end of March. It hit its 2026 bottom on March 30, and since then has soared 64%, making it the third-biggest point contributor to the S&P 500 Index ’s 20% surge, trailing only Nvidia Corp. and Apple Inc. The gains are part of a historic rally in semiconductor stocks, with the Philadelphia Stock Exchange Semiconductor Index up 94% in 2026, putting it on pace for its best year since 1999. They’re benefiting from the flood of cash being spent on chips used in artificial intelligence. Amazon.com Inc. , Meta Platforms Inc. , Alphabet Inc. and Microsoft Corp. are expected to sink as much as $725 billion into capital expenditures this year alone. Some Wall Street pros are starting to question whether all of these spending commitments will come to fruition. Alphabet shares sank on Tuesday after the company announced it was taking the rare step of raising $80 billion in a series of equity offerings, making it one of the biggest stock market deals ever. The company also happens to be one of Broadcom’s biggest customers, responsible for nearly 13% of its revenue, according to supply-chain data compiled by Bloomberg. Read More: Big Tech E...