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Bitcoin (BTC) Price Stabilizes Near $86K After Touching Eight-Month Peak
Coinbase Introduces Fixed-Rate USDC Borrowing Against Bitcoin via Morpho Midnight
Singapore Inflation Up for Third Month to Highest Since 2024
Barclays Sees Senegal Deficit at 9% Amid Debt Talks
Mobile Payments Firm Airtel Money Announces Plans for London IPO
Preliminary PMI Data for Eurozone to Influence ECB Rate Decisions
Taiwan stocks higher at close of trade; Taiwan Weighted up 0.60%
Sri Lanka economy resilient but risks remain tilted to downside, IMF says
Shipping Traffic in Strait of Hormuz Drops to Three Vessels
Confessions of an accidental bonus basher
UAE approves sale of Egypt’s Banque Misr branches
Vietnam's Vingroup Secures $1 Billion Agreement with Siemens for Bullet Train Project
Why is Myer stock rallying today?
Novo Nordisk open to direct NYSE listing to boost U.S. profile, CEO tells FT
Philippines Eyes New Retail Peso Bond at 25-Year Milestone
South Korea Selects Texas Gas Plant for Initial US Investment Project
Avax reports first-half net profit decline of 4.4%
Gold prices dip as stronger dollar, rate outlook weigh
India’s private sector growth accelerates in September flash PMI
India business activity rebounds in September to 3-month high, PMI shows
Key FX Option Expiries Impacting EUR/USD and USD/JPY on September 23
Rising Diesel Prices Cost European Drivers €203 Million Daily
China’s AI Trade Favors Global Winners Over Local Champions
India Economic Activity Climbs in September, Survey Shows
Roche’s sefaxersen shows positive results in kidney disease trial
Singapore Core Inflation Rises Third Month to Highest Since 2024
Philippines Eyes New Retail Treasury Bond at 25-Year Milestone
Japanese Politician Takaichi Discusses International Criminal Court with Trump
Royal Caribbean to buy 50% stake in Sandals Resorts for $3 bln
Novo Nordisk open to direct New York listing, CEO Doustdar tells FT
Singapore CPI rises as expected in August, core inflation hits 2-yr high
Japan and U.S. Agree to Strengthen Economic Security Ties Following Meeting
China Evaluates Broadcom Equipment Amid Growing Domestic AI Initiatives
Novo Considers Upgrading New York Listing to Enhance US Presence
Nikkei 225 tests 50% Fibonacci at 66,617: Live levels
SK Hynix squeezed under resistance at ₩1,850,000: Live levels
South Korea say Trump welcomes progress in US strategic investment projects
Meloni at spending crossroads after failing to get off EU’s fiscal naughty step
USD/JPY Remains Above 157 Following BOJ Rate Hike Amid Intervention Concerns
Krishnan: Bypassing Hormuz Won’t Displace Gulf Oil (Video)
Gulf oil remains competitive despite East-West pipeline costs
Bonds, Treasury Futures Rise as Oil Extends Slide: Markets Wrap
Oil falls $1 on better supply outlook, hopes for US-Iran talks
Nvidia-backed Nscale downplayed ByteDance ties ahead of U.S. IPO, FT reports
China reviews Broadcom switch use in state-backed data centres, FT reports
World Bank Allocates Up to $170 Million for Flood Relief in Nepal
Ten Cap's Jun Bei Liu: Oil Remains Key Market Risk as Xi and Trump Meet
US Investment Concerns Delay Chinese Business Leaders' Participation in Xi's Trip
Modi Plans Canada Trip for Trade Deal, Speeds Up Mexico Talks
Morning Bid: A$ gets a bit part as AI steals the show
Oil price on track for longest losing streak in more than 12 months
Bitcoin ETFs Attract Nearly $1 Billion in Inflows Amid Market Rally
FirstFT: Boehly gets US and Gulf backing for Lukoil assets bid
JPMorgan Upgrades BP's Stock Rating and Target Price
A more hawkish ECB will respond to prolonged high energy prices
South Africa Seen Raising Rates to Defend CPI Goal: Day Guide
White House Defends Trump’s Ban on CNN, MS NOW and Politico in Court Filing
Brent Crude Oil Prices Fall Below $100 Amid US-Iran Diplomatic Developments
Goldman appoints Simon Lyons UK investment banking co-head
Trump says Iran deal close, held ‘very good’ UN talks
CanSemi Tech Joins China Chip IPO Wave With $919 Million Deal
South Korea selects Texas gas plant as first project under US investment deal
Trump Emphasizes Dialogue with North Korea During Meeting with South Korean Leader
AI laptop deal sends this AI-picked stock up nearly 20% this month
Novo Nordisk open to New York listing upgrade, CEO Doustdar tells FT
Reserve Bank of Australia Releases 2026 Review of ASX Clearing and Settlement Facilities
SoftBank Group Announces $10 Billion Bond Offering
Palm Oil Drops to Seven-Week Low on Worries Over Ample Reserves
Ayala Corp. CEO Consing on Strategic Deal With Mitsubishi
Global Banks Warn UK Windfall Tax Could Drive Business Away from London
Global banks have expressed concerns that the proposed windfall tax in the United Kingdom could lead to a significant reduction in financial activity within London. Industry leaders argue that such a tax may incentivize businesses to relocate operations to more favorable jurisdictions, potentially diminishing London's status as a leading global financial center.
The windfall tax is aimed at taxing excessive profits made by companies in various sectors, particularly in the wake of economic recovery post-pandemic. However, banks warn that the implementation of this tax could deter investment and innovation, as firms may seek to avoid the increased financial burden.
As discussions around the windfall tax continue, financial institutions are closely monitoring the situation, emphasizing the need for a balanced approach that supports economic growth while ensuring fair taxation. The outcome of these deliberations could have lasting implications for London's competitive edge in the global market.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News