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Tuesday 6th April - Today’s Rates & Market News

Tuesday 6th April - Today’s Rates & Market News

Published: 06 Apr 2021

Markets GDP The cable tipped back under 1.3900 after earlier pegging an 18-day high at 1.3920. The pound yesterday printed a 14-month high versus the euro, which although occurring in holiday-thinned trading reflects the contrasting fortunes of the reopening UK economy with the re-restricted economies across the Channel. The rate of new Covid cases now 4% of what it was at the peak seen in early J...

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The New Industrial Parks Act

The New Industrial Parks Act

Published: 02 Apr 2021

INDUSTRIAL PARKS ACT The Industrial Parks Act (the ’Act’) was promulgated on March 12, 2021 in vol. 21 of the State Gazette, which establishes a regulation regarding the status of industrial parks and the conditions for their creation, construction, operation and development. Among the goals of the new normative act is to improve the economic efficiency of the enterprises, to attract and stimulat...

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India’s Return to Classical Taxation of Dividends

India’s Return to Classical Taxation of Dividends

Published: 01 Apr 2021

By CA Nilesh M Kapadia Background Double taxation of income – first, in the hands of the companies and thereafter in the hands of the shareholders on distribution as dividend is prevalent worldwide and is the classical system of dividend taxation. The manner in which dividend income is taxed in India has undergone changes over the years. In 1997, India introduced the Dividend Distribution Tax (‘DD...

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Thursday 1st April - Today’s Rates & Market News

Thursday 1st April - Today’s Rates & Market News

Published: 01 Apr 2021

Markets GDP Cable held near the midway point of a sideways range that's been seen over the last four trading days, around the 1.3760-70 mark. We expect the pound to remain on a firming track against the euro and yen, but to struggle more in the cases against the dollar and cyclical currencies, such as the dollar bloc units. Incoming BoE policymaker remarks have been reflecting on the overall...

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That Advice About Not Looking at Your Portfolio When the Market Crashes? Ignore it.

That Advice About Not Looking at Your Portfolio When the Market Crashes? Ignore it.

Published: 31 Mar 2021

By Alan Rosca When the COVID-19 crisis sent global markets crashing in March 2020, most investors heard the advice: “Don’t look at your 401-K. Don’t look at your portfolio.” And that is excellent advice. For most investors, the best strategy is to have a well-diversified portfolio and stick with it through the ups and downs of the market. That is, assuming you have a well-diversified, fairly plain...

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Effect of COVID-19 Pandemic on Litigation and Dispute Resolution in Nigeria in 2021

Effect of COVID-19 Pandemic on Litigation and Dispute Resolution in Nigeria in 2021

Published: 30 Mar 2021

What areas of law have you been predominantly working on over the past 12 months? During this period, we advised various clients on the effect of force majeure caused by the COVID-19 pandemic lockdown (“the lockdown”) on existing commercial obligations. We also advised our foreign clients on the legal framework of business opportunities which the COVID-19 pandemic (“the pandemic”) has sprang up in...

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Monday 29th March - Today’s Rates & Market News

Monday 29th March - Today’s Rates & Market News

Published: 29 Mar 2021

Markets GDP The UK vaccination program continues to forge ahead with more than 30 million people have had the first dose of the covid-19 vaccine, while in excess of 3.5 million people have had two doses. The UK government says that the program is still on target despite the recent supply problems and the ongoing vaccination nationalism spat with the European Union. In further good news, the Moder...

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Friday 26th March - Today’s Rates & Market News

Friday 26th March - Today’s Rates & Market News

Published: 26 Mar 2021

Markets GDP Cable posted a three-day high at 1.3774. The pound also rose against the euro and yen, though lost ground to the dollar bloc and other cyclical currencies today amid a rebound in global stock and commodity markets. BoE Chief Economist Haldane said yesterday that he expects a "rip-roaring" recovery in the UK, with consumers chomping at the bit to spend lockdown savings. This w...

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