Japan has seen this movie before in its own struggles with the US over trade policy in the 1980s. Other Chinese companies which trade on US exchanges, including Huya Inc., a live videogame streaming platform, electric-car maker Nio Inc., iQiyi Inc., a Netflix-type service, internet business Baidu Inc.
The effective tax rate will be around 17%. The government said this increased surcharge shall not apply on capital gains arising on sale of equity share in a company or a unit of an equity oriented fund or a unit of a business trust liable for securities transaction tax, in the hands of an individual, HUF, AOP, BOI and AJP.
Iran denies involvement in the September 14 attack that initially halved Saudi oil output and which Pompeo earlier called an act of war against the world's largest oil exporter. Iraq's Foreign Ministry said on Thursday it would not join the global maritime mission, the Iraqi state news agency reported. He said on Wednesday he will increase financial sanctions on Tehran over the attack.
United Kingdom stocks got a lift though by an indication that rate-setters were more likely to cut interest rates than raise them in the event the country leaves the European Union on the scheduled Brexit date of October 31 without a deal.