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Peru opp moves to force out President over payments

Bloomberg Opposition lawmakers began an effort to force Peruvian President Pedro Pablo Kuczynski out of office after he rebuffed calls to resign over his ties to companies that received payments from disgraced Brazilian builder Odebrecht SA. Congressmen from three parties presented a motion to remove the center-right president on the grounds of moral incapacity. The unicameral Congress will hold an ...

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The true tax gap: How about $12 trillion!

When historians examine President Trump’s tax programme, they will surely be struck by a large and momentous contradiction. Although the nation faces endless budget deficits — and although the president purports to speak about the future — his tax programme does little or nothing to curb long-term deficits and, arguably, might make them worse. It is said that the tax ...

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Reliance Jio may be worth same as Sprint if Ambani doesn’t rush it

Mukesh Ambani, India’s richest man, can consistently squeeze more than $10 a barrel in refining margins out of crude. Expect no less from him when it comes to monetizing Reliance Industries Ltd.’s investment in Reliance Jio Infocomm Ltd., the fourth-generation mobile network that’s taken the nation’s digital landscape by storm. What kind of an equity market valuation should Ambani put ...

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