Wed May 22, 2013 2:01am EDT. * Bank of Japan upgrades economic assessment, stands pat as expected. * BOJ might ease for up to 5 years to achieve price goals-Reuters poll.
A congressional hearing into Apple Inc. (AAPL)'s use of offshore tax shelters called attention to how U.S. companies lower their taxes, and underscored the difficulty Congress confronts when trying to end the practice.
The annual rate of inflation eased to 2.4 per cent last month, thanks to falls in petrol prices and air fares, the Office for National Statistics reported yesterday.
The taxman had expected to save �8bn by 2015 from reducing errors and fraud in the administration of tax credits, but is expected to miss its target by �5bn.
Royal Mail is to announce a climb in annual profits this week as it benefits from a boom in online shopping. It comes as the state-owned business prepares for a �3 billion stock market flotation later this year.