Australian shares were up 0.8 per cent. Liontown rejects Albemarle takeover bid. Brookfield pledges to speed up Origin energy transition. Downer EDI appoints new CFO. February retail sales at 11.30am AEDT.
Botswana will acquire a 24% stake in Belgian gem trader HB Antwerp, in a deal that could challenge the southern African nation’s 50-year partnership with De Beers.
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CHINA
<strong>More tax cuts planned</strong>
Beijing is planning more tax cuts this year than last year and pledged to step up support to struggling local governments to compensate for weaker revenue, Minister of Finance Liu Kun (劉昆) said yesterday. “Transfer payments by the central government to regional governments will increase by a large margin this year,” Liu said, without providing more details. The government granted 1.1 trillion yuan (US$173 billion) in tax breaks last year, with Liu saying that the amount would rise further this year.
AIRLINES
<strong>SAS seeks new capital</strong>
SAS AB yesterday said it would launch a new transformation program and look to
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