News International OVERSEAS ROUND-UP
OVERSEAS ROUND-UP
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- Published on Friday, 17 August 2012 00:00
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Malaysia GDP up 5.4%
KUALA LUMPUR — Malaysia’s central bank says the country’s economy grew 5.4 percent in the quarter through June, as robust domestic demand and strong government spending cushioned the impact of global economic turbulence. Bank Negara Malaysia said strong support provided by domestic demand as well as private and public spending will sustain the economy. It revised first quarter growth to 4.9 percent from 4.7 percent. The government has forecast growth to slow to between 4 and 5 percent this year, down from 5.1 percent in 2011.
CEOs get more, taxmen less
NEW YORK — Twenty-six big US companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, said the companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits, according to regulatory filings. On average, the 26 firms had net income of more than $1 billion in the US, the study said.
Carlyle buy Getty Images
WASHINGTON — The Carlyle Group, one of the biggest private equity firms in the world, plans to buy a controlling stake in the photo and video distributor Getty Images in a $3.3 billion deal that gives the Getty family and management a larger share of the company. Carlyle said Wednesday that it will partner with co-founders Mark Getty and Jonathan Klein and the Getty family in buying the company from another private equity firm, Hellman & Friedman. – AP
