LATEST NEWS

The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs growth in the US, Fitch Ratings says. A 25bp cut now appears probable at either the July or September FOMC meeting but is unlikely to signal the start of a series of interest rate cuts, in contrast to the path currently priced into Fed funds futures markets.

Unless you are a large multinational corporation, in which case, maybe not. Over the past 30 years, corporate tax rates in all countries have fallen to very low levels, as we show in our chart of the week.

Equities market closed today on a negative note, as NSEASI depreciated by 0.49% to close at 28,200.88 points as against 0.79% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -10.28%.