Exact(1)
On Wednesday, a day after HSBC said its analysts would start advising customers to sell shares that are expected to underperform industry averages, HSBC was rated "reduce" by its own securities unit.
Similar(7)
Higher tax rates reduce the rewards of work and investing.
Lower rates reduce the cost of borrowing and thereby are supposed to stimulate economic activity.
Higher rates reduce the current value of companies' profits, and computer-related companies are particularly vulnerable.
So excess demand will create inflationary shortages, unless the Fed's higher rates reduce the steam.
It then says those businesses will see their tax rate reduce from 28.5% to 27.5%, from 1 July 2016.
Lower interest rates reduce the cost of capital for cable companies, which tend to be big borrowers.
Higher interest rates reduce or "crowd out" private investment, and this reduces growth.
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