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THE COURT of Tax Appeals (CTA) yesterday ruled in favor of the Bureau of Customs (BoC) in a tax row with Pilipinas Shell Petroleum Corp., effectively clearing the way for the agency to seize the oil firm’s inventory to cover for an alleged tax deficiency.
ZURICH -- Swiss bank UBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago but clients withdrew far more money than forecast, signaling he may need more time to steady the ship.
A special election to propose changes to the way the city conducts recalls of elected officials will be among the items discussed during Tuesday night’s city council meeting.
Voice for free-market candidates Recently, the U.S. Supreme Court (on First Amendment free speech grounds) ruled that political campaign spending by corporations, unions and special-interest…
After five years, Washoe Valley residents are still fighting for a buffer zone to prevent suburban development from entering their valley in a rezoning of 640 acres in the hills east of Little Washoe Lake.
Reports on how two local museums spend city funds, construction of a new City Hall and operations at the city’s municipal court are on the agenda of Tuesday night’s city council meeting.
The euro is under siege - and the next few days will be crucial.
BRUSSELS — The euro is under siege — and the next few days will be crucial. Financial markets are betting heavily that Greece’s crushing debt could drag down the entire eurozone, and that could force reluctant EU leaders into an embarrassing bailout.
The outlook for the Sudanese economy continues to improve, with the sustained rally in oil prices and uptick in risk appetite causing us to revise up our estimate for 2010 real GDP growth to 7.0%, from 6.1% previously.
What's Your Reaction? It also comes after three consecutive quarterly losses in 2009 and efforts to salvage the bank's reputation among customers leery of its ongoing struggle with bad investments and U.S. tax authorities.
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