U.S. and Indonesia seek to cut trade and investment barriers U.S. and Indonesia seek to cut trade and investment barriers:- Indonesia and the United States agreed on Friday to find ways to reduce barriers to U.S. companies operating in Southeast Asia's largest economy, visiting U.S. Vice President Mike Pence and Jakarta's […]
United States
Trump tax plan to rely on future U.S. growth to fund cuts Trump tax plan to rely on future U.S. growth to fund cuts:- U.S. President Donald Trump's tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers […]
Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. […]
U.S. House banking chairman unveils Dodd-Frank replacement The head of the U.S. House of Representatives' banking panel has unveiled the Republicans' most ambitious plan so far to loosen financial regulations, a 600-page bill to replace the Dodd-Frank financial reform law. Representative Jeb Hensarling, who chairs the House Financial Services Committee, […]
ConocoPhillips takes slow, steady route in race for oil profits ConocoPhillips takes slow, steady route in race for oil profits:- ConocoPhillips (COP.N) has beaten its 2017 asset sales target less than four months into the year, after shedding $30.8 billion worth of energy assets in six years. But instead of […]
Buffett likely voted shares to back Wells Fargo board Buffett likely voted shares to back Wells Fargo board:- Wells Fargo & Co's (WFC.N) largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters […]
Global stocks struggle as French elections loom, North Korea worries Global stocks struggle as French elections loom, North Korea worries:- World stocks eked out small gains on Thursday as investors resisted risky bets ahead of the first round of the French presidential election over the weekend. Oil prices, which fell […]
China says trademarks registered equally as Ivanka Trump gets more approved China's Foreign Ministry said on Wednesday the government equally handles applications to register trademarks, following a report that the company of the daughter of U.S. President Donald Trump has had new trademarks approved in China. The Associated Press reported […]
East Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts East Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts:- Philadelphia Energy Solutions Inc, the largest refiner on the U.S. East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a […]
Reflation trades fizzle, sterling holds above $1.28 Reflation trades fizzle, sterling holds above $1.28:- Stocks flatlined and gold fell on Wednesday as investors continued to question the 'reflation' trades that had lifted markets since the election of U.S. president Donald Trump in November, while sterling basked in the glow of […]
