first_img Share FINANCIAL TIMESCHINA TO ALTER TAXES IN ATTEMPT TO CUT WEALTH GAPChina is to lift the exemption threshold for personal income tax payments in an effort to redistribute the spoils of rapid growth and reduce a widening wealth gap. The level at which Chinese citizens must pay income tax will be raised from Rmb2,000 ($305) a month to Rmb3,000, the finance ministry said on Wednesday.NEW HSBC CHIEF PLANS RADICAL SHAKE-UPHSBC’s new chief executive is preparing a radical shake-up of the normally staid bank, slashing costs and reallocating capital in an effort to boost profitability and also resuscitate its flagging US operation. Stuart Gulliver has told associates he is determined to overhaul the culture of a group that has sometimes been run as a loosely connected federation of local fiefdoms.NAMA TO STEP UP SALES OF PROPERTY IN UKIreland’s National Asset Management Agency, the “bad bank” set up to take over the toxic property loans of the country’s banks, intends to aggressively step up sales of property backed by bad Irish debt in the UK. RWE IN WARNING ON PLANT STOPPAGESRWE is the only one of Germany’s four nuclear companies to make good on its threat to file a suit against the government’s moratorium. Hans Hirt, head of corporate governance at Hermes, said: “We see a danger that this confrontation will expose RWE to significant acceptance and reputation risks in its important sales market Germany”. The meeting came a day after RWE’s main shareholders spoke out in an internal meeting against Mr Grossmann’s strategy of retaining nuclear power.the guardianJAPAN EARTHQUAKE AND TSUNAMI FORCES TOYOTA TO CUT PRODUCTION AT UK PLANTToyota has put one of its UK factories on short-time working after a shortage of car parts following the recent earthquake and tsunami in Japan. Toyota will close Burnaston factory in Derbyshire for two days each week in May. Workers also agreed to limit production to half a shift on the other three days.RAJARATNAM IS DAMNED BY HIS OWN WORDS, TRIAL TOLDAlleged insider dealer Raj Rajaratnam was damned “in his own words”, a prosecutor told jurors at the start of closing arguments in the hedge-fund manager’s trial. Assistant US attorney Reed Brodsky said government wiretaps of Rajaratnam’s phone calls provided “devastating evidence of the defendant’s crimes”.The Daily TelegraphPLAYBOY PLAYMATE DESTINY DAVIS STANDS BY HER MAN’S $250,000 BAILChad Elie, the Las Vegas businessman who married a former Playboy playmate the day after being arrested in a US online gambling bust, has been released on $250,000 (£152,000) bail after pleading not guilty to all charges. The 31-year old was arrested in Nevada last Friday in a US crackdown against PokerStars, Full Tilt Poker and Absolute Poker. REBUILDING JAPAN: COUNTRY FIGHTS TO KEEP THE LIGHTS ON…BY TURNING THEM OFFThe man from Tokyo Electric Power Company slumped wearily into a chair and reached for a cup of coffee. Since the earthquake struck on March 11, he has been living on just a few hours of sleep a day. Tepco, the villain of Japan’s nuclear crisis, is fighting battles on all fronts.THE WALL STREET JOURNALBOEING TO FIGHT ORDER TO MOVE 787The National Labor Relations Board Wednesday said aircraft maker Boeing Co. violated federal labor law by building a second production line for its 787 Dreamliner at a non-union factory in South Carolina, siding with union workers in Washington state who charged the decision was retaliation for their past strikes.RAILROADS RIDING STRONG VOLUME GAINSTwo of the North America’s largest railroads steamed ahead in the first quarter, hauling more coal, automobiles and industrial chemicals despite winter-related slowdowns. Union Pacific yesterday posted a 24 per cent rise in first-quarter earnings, citing higher volumes across all its key markets. A day earlier, rival CSX reported a 30 per cent gain in its first-quarter profit. whatsapp KCS-content Wednesday 20 April 2011 9:01 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeUndocenter_img More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org WHAT THE OTHER PAPERS SAY THIS MORNING Show Comments ▼ Tags: NULLlast_img

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