British banks planning for EU "no" stymied by lack of European office space LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...
| By: Sinead Cruise and Anjuli Davies
India sets up panel under ex-judge to review minimum tax claims NEW DELHI, May 20- India announced a committee on Wednesday headed by a former high court chief justice to suggest ways to resolve a dispute with foreign investors over previously untaxed gains that has rattled businesses. On Wednesday the finance ministry announced that a panel headed by retired chief justice A.P. Shah would review the imposition of the...
India ignored warnings on foreign investor tax row -sources *Tax officials say warned Finance Ministry since September. *Row with investors caused sell-off in India stocks, bonds. MUMBAI, May 19- India's Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.
| By: Himank Sharma and Rafael Nam
3 Stocks, 3 trades: DE, LOCO & GMCR The FMHR traders take their positions on three stocks making news today, including El Pollo Loco beating on the top and bottom lines, but issuing weak guidance.
Stocks too hot to handle? The FMHR traders weigh in on whether some stocks are either overheating, or just too cold to handle.
The new EM trade: Short rupee? The rupee is no longer the darling of emerging market currencies as policy disputes, oil's rebound and actions by the central bank threaten to reverse its strong run.
| By: Nyshka Chandran
California city takes away welcome mat from Airbnb, other rental services LOS ANGELES, May 13- Santa Monica, a prime Southern California tourist destination, has approved restrictions on short-term home rentals that will limit companies such as Airbnb, in what the city's mayor touted as model regulation for other communities to adopt. Santa Monica officials estimated about 1,700 housing units in the city were regularly rented out...
| By: Alex Dobuzinskis
Foreign investor group mulls Supreme Court challenge to India MAT tax MUMBAI/ HONG KONG, May 13- A Hong Kong- based lobby group representing global banks and investors is considering challenging a controversial tax in India's Supreme Court, escalating a row that has eroded investor confidence in Prime Minister Narendra Modi's government. The Asia Securities Industry and Financial Markets Association is in discussions with...
| By: Rafael Nam, Himank Sharma and Michelle Price