BOGOTA, June 4 Reuters A collapse in Colombia39;s tax collection is setting off alarm bells for the market, which says the government will need to contend with an estimated budget shortfall of some 27 trillion pesos, about 6.9 billion, this year. Finance Minister Ricardo Bonilla has predicted fiscal adjustments in the fourth quarter, but analysts […]

MADRID, June 4 Reuters Spain will adapt its legislation to introduce a 15 minimum corporate tax rate on multinational firms, the government said on Tuesday, a move that is in line with an OECDwide agreement designed to prevent tax avoidance. Spain has a headline corporate tax rate of 25, but there are many exceptions allowing […]

BEIJING, June 4 Reuters A plunge in China39;s new housing construction is fuelling hopes the battered property sector is finally coming to terms with chronic oversupply, but a cleanup of bad assets is the missing policy piece that keeps Japanlike stagnation fears alive. On paper, the world39;s secondlargest economy is almost where the U.S. and […]

LONDON, June 4 Reuters More global reserve managers plan to increase exposure to the now highyielding U.S. dollar as their interest in China39;s yuan has soured due to low returns and geopolitical tensions, the Official Monetary and Financial Institutions Forum said. The data, from a survey carried out by the think tank and published on […]

SEOUL, June 4 Reuters South Korea39;s consumer inflation slowed for a second straight month in May to a 10month low, official data showed on Tuesday, coming in lower than market expectations. The consumer price index CPI in May stood 2.7 higher than a year earlier, slower than a rise of 2.9 in April and a […]

HAMBURG, June 4 Reuters Parts of the river Rhine in south Germany remained closed to cargo shipping on Tuesday after heavy rain in south Germany increased water levels, navigation authorities said. Rhine river shipping has stopped around Maxau and Mannheim in south Germany, the German inland waterways navigation agency said. The river had been closed to […]

Zambia39;s debt restructuring has taken nearly 4 years Country has been test case for G20 Common Framework mechanism Other indebted countries have voiced concerns about process LONDON, June 4 Reuters More than threeandahalf years, or 1,300 days, after resourcerich Zambia formally declared itself bankrupt it is about to drag itself out of default, leaving some […]