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Jakarta / Bloomberg Indonesia plans to cut corporate tax to 20 percent this year, from 25 percent, as it tries to attract investment to spur the economy. The move will need parliamentary approval, Finance Minister Bambang Brodjonegoro said on Monday. A 20 percent rate will be “competitive,” he said. “If possible we will discuss it immediately, this year,” Brodjonegoro said. ...

Taipei / DPA Taiwan Finance Minister Chang Sheng-ford said that exports in March showed no signs of improvement and suffered another double-digit decline in the midst of a slow economy. Chang broke the news to the Central News Agency one day before the Ministry of Finance is due to release March’s exports report. Given that adverse factors such as falling ...

Bloomberg Greece said it’s aiming for an agreement with creditors on the next tranche of emergency loans by the beginning of May as German Finance Minister Wolfgang Schaeuble sought to play down debt relief expectations. “We have almost identical estimates with the European Commission,” Minister of State Nikos Pappas, Prime Minister Alexis Tsipras’s closest ally in the government, said in ...

Bloomberg The publisher of Britain’s Daily Mail newspaper is interested in buying Yahoo! Inc.’s media and news properties, according to a person familiar with the matter, and is in talks to join with potential bidders who would carve up the U.S. Internet company. “Discussions are at a very early stage,” a representative for Daily Mail said on Monday in an ...

Bloomberg Ukraine’s bonds rose the most in a month after Prime Minister Arseniy Yatsenyuk resigned, boosting speculation a new cabinet will help end two months of infighting and pave the way for resuming international aid payments. The yield on the eastern European nation’s $1.65 billion note due September 2019 fell 26 basis points to 9.70 percent, the biggest drop since ...

BUDAPEST / AFP Hungarian Prime Minister Viktor Orban’s cabinet will ask lawmakers to rescind a law that barred all but a few shops from staying open on Sundays, Orban’s chief of staff Antal Rogan told reporters on Monday. The government recognized that most people are opposed to the ban and wants to avoid a referendum called by an opposition party ...

Bloomberg Tata Steel Ltd., part of India’s biggest conglomerate, agreed to sell its European long-products steel business to Greybull Capital LLP and started the formal sales process to exit the wider U.K. steel industry. The agreement covers its Scunthorpe steelworks in England, as well as mills in Teesside and northern France, according to a statement from the Indian company’s U.K. ...

Bloomberg Rosneft OJSC became Russia’s most valuable company as its market capitalization exceeded that of natural gas exporter Gazprom PJSC for the first time since its shares began trading in 2006. Rosneft shares rose 4.8 percent in London by 12:02 p.m., boosting the value of Russia’s largest oil producer to $52 billion. Gazprom gained 0.3 percent, raising its market capitalization ...

Bloomberg Britain’s antitrust watchdog urged the European Union to block CK Hutchison Holdings Ltd.’s plan to create the country’s biggest mobile phone operator, wading into a row two months ahead of a U.K. vote on its future in Europe. The U.K. Competition and Markets Authority, which failed to wrest the deal review from the European Commission, said that what Hutchison ...

Bloomberg When it comes to inflation, bond traders are finally starting to listen to the Federal Reserve. After trying, and failing, to convince investors the steep drop-off in inflation in the past year was just a short-term blip, the Fed is now winning them over. Since mid-February, the outlook for consumer-price gains has soared from post-crisis lows as oil rebounds ...