Afternoon Coffee: Greek Shipping Industry Faces Higher Taxes, Japanese Automakers Look to Export More Cars to US


Greece is considering raising taxes on its shipping industry, including increasing the tonnage tax and imposing new taxes on profits the shipping operators bring in. Shipping owners are not happy about the news, saying they will move operations outside the country if new taxes are imposed.

Japanese car makers Nissan and Honda plan to export more vehicles to the US, thanks in part to a drop in the yen, which makes it cheaper to produce cars domestically and ship them to other countries.

Marathon Petroleum Corp.’s pipeline unit will acquire MarkWest Energy Partners LP for about $15.8 billion. The deal raises Marathon’s stake in the midstream sector.

This Wednesday, Amazon will hold its “Prime Day,” giving special deals to Prime members. And, in a move to stay competitive, WalMart is featuring a sale of its own the same day.

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