Trump tax plan will sharply slash corporate tax rates U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday. With financial markets eagerly anticipating a White […]
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U.S. moves THAAD anti missile to South Korean site, sparking protests The U.S. military started moving parts of its controversial THAAD anti-missile defense system to a deployment site in South Korea on Wednesday amid high tensions over North Korea's missile and nuclear programs. The earlier-than-expected move prompted protests by hundreds […]
Trump administration to review dozens of U.S. national monuments U.S. President Donald Trump on Wednesday will order a review of national monuments created over the past 20 years with an aim toward rescinding or resizing some of them – part of a broader push to reopen areas to drilling, mining […]
For Wells Fargo directors, narrow wins may not be enough A shareholder vote scheduled for Tuesday could throw Wells Fargo & Co's (WFC.N) leadership into question if many directors, criticized for their slow response to the bank's phony-account scandal, fail to win solid majorities. A dozen of the 15 directors […]
East Coast refiners eye Texas oil as North Dakota alternative U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. […]
Ghosn wants Mitsubishi to reform, rules out Nissan merger A full merger of Japanese car makers Mitsubishi Motors Corp (MMC) (7211.T) and Nissan Motor Co Ltd (7201.T) is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday. "Full merger is not on the table. We want […]
T-Mobile open to merger talks, new subscribers top estimates T-Mobile US Inc (TMUS.O) is open to merger talks after a federal ban expires this week, the No. 3 U.S. wireless carrier said on Monday, as it reported stronger-than-expected subscriber growth in the first quarter. The U.S. Federal Communications Commission barred […]
Euro jumps, shares firm on French election relief The euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades. E-mini futures for the […]
U.S. stocks futures rally after centrist takes first round in French election U.S. stock index futures rose sharply on Sunday on relief that centrist Emmanuel Macron took the first round of voting in the French presidential election, reducing the prospect of an anti-establishment market shock. Macron will face far-right leader […]
Germany's Merkel encouraged U.S. will consider EU free trade deal German Chancellor Angela Merkel fueled expectations of a future EU-U.S trade deal on Sunday, saying she was "very encouraged" talks were being looked at after her recent trip to Washington. Merkel, speaking at the opening of the 70th annual Hannover […]
