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☆ UK's ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Mike Kemp | In Pictures | Getty ImagesLONDON — Britain's ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget. That differs from Italy's regime, which charges a recently doubled rate of 200,000 euros per year regardless of wealth bracket. Non-doms move their moneyReeves had previously said that scrapping the program could generate £2.6 billion ($3.38 billion) for the Treasury over the course of the next government. We need to understand that we need people to be investing here, to create the jobs, wealth, prosperity that we want. Labour courts wealth creatorsThe Labour government has said it is determined to address unfairness in the tax system, pledging in its election manifesto to close non-dom tax loopholes.

Persons: Mike Kemp, Leslie MacLeod Miller, Rachel Reeves, Reeves, Alex Stewart, doms, Sadiq Khan, MacLeod Miller, Dominic Lawrance, Charles Russell Speechlys, Keir Starmer Organizations: Porsche, GTS, Chanel, Bond, Investors, Britain, Oxford Economics, Foreign Investors, CNBC, Labour Party, Treasury, FIFB, Oxford, Labour, Labour's, Investment Locations: London, United Kingdom, IHT, Italy, Switzerland, Dubai, Westbourne, Bayswater, Royal Oak

☆ Porsche reveals a new hybrid 911 as more consumers embrace hybrids over electric vehicles
▼ + stars: | 2024-05-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

They have become increasingly popular in the United States even as sales of purely electric models have started to slow. The German automaker Porsche, a division of Volkswagen AG, already sells plug-in hybrid models like the Cayenne e-Hybrid SUV and Panamera e-Hybrid four-door car, but a hybrid 911 is another matter. Initially, hybrid power will be available in only one version of the car, the high performance 911 Carrera GTS. In another major change for Porsche, this car will not be a plug-in hybrid, as other Porsche hybrid models have been. Besides hybrids, Porsche also sells fully electric cars, the Taycan and the new Macan Electric SUV.

Persons: CNN —, didn’t, Ferdinand Porsche Sr, Ferdinand “ Ferry, Ferry’s, Ferdinand “ Butzi Organizations: CNN, CNN — Porsche, Porsche, Volkswagen AG, Carrera, Volkswagen Locations: United States, Cayenne

☆ Porsche reveals first-ever 911 hybrid sports car, starting at $164,900
▼ + stars: | 2024-05-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900. The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German sports car amid the automotive industry's focus on increasing electrified vehicles and tightening fuel economy standards. "We developed and tested various ideas and approaches to decide on a hybrid system that optimally suits the 911," Frank Moser, Porsche vice president of the 911 and 718 model lines, said in a release. The new 911 Carrera GTS can accelerate from 0 to 60 mph in 2.9 seconds – 0.3 seconds quicker than the prior non-hybrid GTS model – and reach a top track speed of 194 mph. It is powered by a newly developed 3.6-liter boxer hybrid engine that produces 532 horsepower and 449 foot-pounds of torque.

Persons: Frank Moser Organizations: Porsche, Carrera, Volkswagen

☆ Tesla's backtracked $50,000 resale fee could be a sign the Cybertruck isn't destined for the mainstream yet
▼ + stars: | 2023-11-15 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +4 min

The fee could be a sign the Cybertruck might be a smaller release than expected, experts said. AdvertisementTesla's rescinded $50,000 resale fee is the latest sign the Cybertruck won't hit the market in large numbers anytime soon. These restrictions are rare, but they're most commonly used on limited-production vehicles, Stephen Beck, founder and managing partner of consultancy cg42, told Business Insider. "It's really hard to say how many people on the reservation list will actually buy it," Moody told Business Insider. "There will be just as many people who want to work the system to make money as people who want to own this vehicle," Moody said.

Persons: Tesla, —, Elon Musk, Stephen Beck, cg42, Elon, Beck, Musk, Brian Moody, Moody, Ivan Drury, Edmunds, Drury, Ford, John Cena Organizations: Service, Ford GT, scalpers

☆ Hitachi wins EU okay for $1.8 bln Thales deal
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsCompanies Hitachi Ltd FollowThales SA FollowBRUSSELS, Oct 30 (Reuters) - EU antitrust regulators said on Monday they cleared Hitachi's (6501.T) 1.7-billion-euro ($1.80 billion) bid for Thales' (TCFP.PA) GTS railway signalling business on condition the Japanese company sells assets in France and Germany, as it offered to do so. Reuters reported two weeks ago the European Commission was about to clear the deal. ($1 = 0.9434 euros)Reporting by Marine Strauss and Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Marine Strauss, Benoit Van Overstraeten Organizations: Hitachi, REUTERS, Companies Hitachi Ltd, Thales, Follow BRUSSELS, Reuters, Commission, Thomson Locations: Zurich, Switzerland, Hitachi's, France, Germany

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. Hitachi submitted its offer to sell its mainline signalling business in France and Germany to the European Commission last month. The EU competition watchdog and Hitachi declined to comment. The UK's competition agency cleared the deal this month after Hitachi pledged to sell its mainline signalling business in the United Kingdom, France, and Germany. ($1 = 0.9478 euros)Reporting by Foo Yun Chee; editing by Mark Potter and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Foo Yun Chee, Mark Potter, Jason Neely Organizations: Hitachi, REUTERS, Companies Hitachi Ltd, Thales, Follow BRUSSELS, European, EU, Thomson Locations: Zurich, Switzerland, France, Germany, United Kingdom

☆ 'Fast and Furious': Paris collector offers drives in famous movie cars
▼ + stars: | 2023-09-29 | by ( Noemie Olive | ) www.reuters.com time to read: +2 min

A French car collector offers just that in a new car museum south of Paris. The Chevelle is not for hire, but Galiegue's Movie Cars Central operation offers paying visitors the chance to take a spin in more than 10 mostly U.S.-made vintage car models that have featured in movies. One of those cars for hire is a DeLorean, transformed to resemble the time-travel machine from the 1985 film "Back to the Future". He owns 12 cars from the Fast and Furious series, eight of which are originals. The museum will soon have three new cars including one from the 1987 RoboCop movie.

Persons: Olive, Herbie, Franck Galiegue, Ryan Gosling, Galiegue, Tim Burton, Hutch, Magnum's, Noemie Olive, David Holmes Organizations: DeLorean DMC, Pop Central, REUTERS, Rights, Volkswagen, Chevrolet, DeLorean, Ford Gran Torino, Magnum's Ferrari, GV De, Thomson Locations: Etrechy, Paris, France, Los Angeles

The Japanese conglomerate put in its offer to the European Commission on Thursday, the same day it requested EU clearance for the deal, an EU regulatory filing showed on Friday. The EU competition enforcer, which set a Nov. 6 deadline for its decision, did not provide details of the remedies in line with its policy. The company had sought EU approval in October last year but withdrew its application a month later. The deal underscores the consolidation in the rail industry, with independent players teaming up with bigger industrial groups. The Competition and Markets Authority (CMA) in August narrowed its concerns, saying the deal would not substantially lessen competition in the supply of communications-based train control signalling systems in the UK.

Persons: Arnd, Foo Yun Chee, David Evans, Louise Heavens Organizations: Hitachi, REUTERS, Companies Hitachi Ltd, Thales, Follow, European, UK Competition, Markets Authority, EU, Thomson Locations: Zurich, Switzerland, France, Germany

☆ EDX crypto exchange goes live offering bitcoin and ether trading, backed by Schwab and Fidelity
▼ + stars: | 2023-06-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A crypto exchange backed by financial giants Charles Schwab , Fidelity Digital Assets and Citadel Securities has officially launched trading in four crypto assets, the company said Tuesday. EDX Markets first announced its launch plans for a "non-custodial" exchange in September, about two months before the collapse of FTX. The EDX exchange allows trading of bitcoin , ether , litecoin and bitcoin cash – none of which were named "crypto asset securities" in the lawsuits the Securities and Exchange Commission brought against Binance and Coinbase two weeks ago. EDX also has plans to launch a clearinghouse business this year to facilitate the settlement process but will still keep customer assets held at third-party banks and a crypto custodian. The company is set to announce Tuesday that it has closed a second funding round with new investors, including the options-exchange operator Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR and Hudson River Trading.

Persons: Charles Schwab, Binance, EDX Organizations: Fidelity Digital Assets, Citadel Securities, EDX, Sequoia Capital, Virtu, BlackRock, Securities and Exchange Commission, Miami International Holdings Locations: U.S, Hudson

☆ Exclusive: Bank of America promotes Bettamio to co-head of investment banking; Ahmad to co-head capital markets
▼ + stars: | 2023-06-08 | by ( Lananh Nguyen | Thomson Reuters | Lananh Nguyen Is The U.S. Finance Editor At Reuters In New York | ) www.reuters.com time to read: +1 min

NEW YORK, June 8 (Reuters) - Bank of America Corp (BAC.N) promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. It also elevated Faiz Ahmad to jointly lead global capital markets with Sarang Gadkari. Bank of America's investment-banking revenue rose 19% to $6.2 billion in the first quarter, its second-best quarter for revenue, even as investment banking fees sank 20%. Jin Su will become the bank's sole president for the Asia Pacific region when Seguchi retires. Peter Guenthardt will lead global corporate investment banking in the region.

Persons: Alex Bettamio, Thomas Sheehan, Faiz Ahmad, Sarang Gadkari, Ahmad, Bilgi Zapparoli, Bernie Mensah, BofA's, Mark Monaco, Augusto Urmeneta, Jiro Seguchi, Jin Su, Seguchi, Peter Guenthardt, Lananh Nguyen, Lisa Shumaker Organizations: YORK, Bank of America Corp, Reuters, Sarang, Global Transaction Services, Bank of, GTS, Asia, Thomson Locations: America, U.S, Asia Pacific

☆ Why the inflows? A 'two-sided equation' for bank ETFs
▼ + stars: | 2023-05-05 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

"It's a two-sided equation here," Reggie Browne, principal of GTS, told Bob Pisani on CNBC's 'ETF Edge' on Monday. "If you look at the entire suite of regional bank ETFs, they're picking up assets." While regional bank ETFs continue to tumble, the funds still netted more than $105 million in inflows within the past month, according to FactSet. Flows were largely into the SPDR S&P Regional Banking ETF (KRE) , which pulled in $108 million during the same period. The dividend yield on the KRE stands at 3.84%, while the SPDR S&P Bank ETF (KBE) offers 3.59%.

☆ ETF Edge: More money going into regional bank ETFs despite falling prices
▼ + stars: | 2023-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge: More money going into regional bank ETFs despite falling pricesCNBC's Bob Pisani with Reggie Brown, GTS Principal, joins 'Halftime Report' to discuss the regional bank fallout impact on financial ETFs.

☆ Brooks CEO is out to prove that running is 'recession resistant'
▼ + stars: | 2023-02-22 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Brooks Running CEO Jim Weber expects more people to pick up running now than at the beginning of the pandemic. He told Yahoo Finance that running has been "recession resistant" over the last 30 years. "The future has never been brighter for performance running," Weber said in a statement. Brooks became the top adult performance running brand in the US in January 2022 and finished the year with 21% market share, the company said, citing NPD data. "That's the opportunity we see for Brooks," Weber said last summer.

☆ ChatGPT is coming for Wall Street next
▼ + stars: | 2023-02-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Paige Hagy and Bianca Chan asked industry experts how they see a tool like ChatGPT impacting all areas of Wall Street, from investment banking to financial planning to consumer banking. So if your boss pitches you on using ChatGPT to help "streamline your workflow" understand that you could be training your replacement. Click here to read more about the types of jobs ChatGPT might upend across Wall Street. Wall Street trading firm GTS Securities is looking to make investing in music royalties accessible to the general public, Bloomberg reports. Stephanee Beggs made seven figures selling her study materials on TikTok and Etsy, which means she cleared more business than half the bankers on Wall Street.

☆ Rolls Royce and Porsche's gravity-defying sales numbers show the rich aren't cutting back on luxury spending just yet
▼ + stars: | 2023-01-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Ultra-wealthy shoppers meanwhile have kept up spending, driving record sales for Rolls Royce and Porsche. But the 2022 sales of brands like Rolls Royce and Porsche appear to defy this financial gravity. Rolls Royce CEO Torsten Müller-Ötvös. Porsche 2022 Taycan GTS and Taycan GTS Sport Turismo. While most average households are balancing the math of higher-priced eggs against shifting energy bills, an exclusive few are busy making sure the Rolls Royce they buy is one-of-a-kind.

☆ Ferrari raises its 2022 guidance again on red-hot demand for sports cars
▼ + stars: | 2022-11-02 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. The Italian supercar maker now expects revenue of about 5 billion euros and adjusted earnings per share of about 5 euros for the full year. Here are the key numbers from the third-quarter earnings report:Earnings per share: 1.23 euros vs. 1.18 euros expected by Wall Street analysts polled by Refinitiv. 1.23 euros vs. 1.18 euros expected by Wall Street analysts polled by Refinitiv. Revenue: 1.25 billion euros vs. Wall Street's estimate of 1.16 billion euros per Refinitiv.

☆ Netflix trying to capture lower end of market with ad-based subscription offering, says analyst
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix trying to capture lower end of market with ad-based subscription offering, says analystNeil Campling, head of TMT research at Mirabaud GTS, discusses Netflix's third-quarter earnings, subscriber numbers, and the company's strategy for increasing market share.

☆ Interviu cu Vlad Burac, CEO Renergy Solutions: Linia de credit GEFF și Selectorul de Tehnologii Verzi ale BERD au potențialul de a accelera dezvoltarea pieței energiei verzi în Moldova
▼ + stars: | 2021-06-19 | by ( Https | Www.Facebook.Com Unimedia.Info | Ion Ceban | ) unimedia.info time to read: +13 min

Bun, revenind la energie verde, noi Renergy, acoperim tot segmentul. Totodată, înțelegem perfect că interesul sporit pentru proiecte de energie verde este uneori indirect proporțional cu gradul de realizare. Oamenii trebuie să înțeleagă ca 5-7 ani e ok pentru recuperarea investițiilor. Nu au trecut nici 5 ani și deja vorbim despre panouri de 500, 600 și chiar 800 de wați. Cu oameni vizionari, avem foarte multe șanse să ajungem din urmă țările dezvoltate din lume.

Organizations: Economiei Verzi, Banca Europeană, BERD, Green Technology Locations: Moldova, auzisem, 400kw, Republica Moldova, GTS, SUA

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