Public records shows how Trump is using pension funds to enrich himself
2017-04-26 18:37:14 UTC
By Julia Harte | WASHINGTON — Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuter...
Trump's Tax Plan With Big Cuts For Businesses Like His
2017-04-26 18:33:19 UTC
WASHINGTON — Trump proposed slashing the U.S. tax rate on corporate and pass-through business profits to 15 percent from 35 percent or more, while also offering tax cuts to average Americans in a rough outline of his tax policy goals.
Judge Blocks Trump Order to Withhold Money From Sanctuary Cities
2017-04-25 22:52:37 UTC
SAN FRANCISCO — A federal judge in San Francisco blocked the Trump administration’s efforts to withhold funding from cities that limit their cooperation with federal immigration enforcement, another setback for President Trump in what is shaping u...
Trudeau vows to stand up for Canadian interests against Trump
2017-04-25 17:13:52 UTC
OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low....
Trump demands new sanctions against North Korea
2017-04-24 23:25:15 UTC
By Steve Holland and Ben Blanchard | WASHINGTON/BEIJING
U.S. President Donald Trump said on Monday the U.N. Security Council must be prepared to impose new sanctions on North Korea as concerns mount that it may test a sixth nuclear bomb as early ...
Merkel Schools Trump: You Can't Do A Trade Deal With Germany
2017-04-22 19:08:55 UTC
"Ten times Trump asked her ( German Chancellor Angela Merkel ) if he could negotiate a trade deal with Germany," the newspaper quoted a senior German politician as saying.
"Every time she replied, 'You can't do a trade deal with Germany, only t...
U.S. Government Threatens Funding Cut To California
2017-04-22 06:24:27 UTC
WASHINGTON — The U.S. Department of Justice threatened on Friday to cut some funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do n...
GOP Struggling To Pass A Spending Package To Keep The Government Open
2017-04-21 15:07:39 UTC
WASHINGTOn — Trump and his fellow Republicans who control Congress face their first major budget test next week, with the threat of a U.S. government shutdown potentially hinging on his proposed Mexican border wall as well as Obamacare funding.
Trudeau rejects Trump's rhetoric over Canadian dairy system
2017-04-20 17:47:39 UTC
Canadian Prime Minister Justin Trudeau on Thursday brushed off an attack by U.S. President Donald Trump against Canada's system of dairy protections, saying every nation defended its agricultural industries.
Trudeau told Bloomberg Television th...
World Bank Express Concerns Over Trump's Economic Policy
2017-04-20 10:33:25 UTC
WASHINGTON — Global finance leaders are gathering on Trump's home turf to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.
The International Monetary Fund and World B...
U.S. says Iran is in compliance with nuke deal, wants to review lifting of sanctions
2017-04-19 08:10:31 UTC
By Lesley Wroughton |
WASHINGTON — The Trump administration said on Tuesday it was launching an inter-agency review of whether the lifting of sanctions against Iran was in the United States' national security interests, while acknowledging tha...
Greece Needs To Implement Reforms To Secure A New Loan
2017-04-18 07:45:33 UTC
The International Monetary Fund will not take part in a bailout program for Greece if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday.
Greece needs to im...
Germany's Volkswagen ready for selling more green cars in China
2017-04-18 06:27:54 UTC
China has aggressively promoted plug-in hybrid and battery electric cars, dubbed 'new energy vehicles', to fight urban smog but is gradually phasing out subsidies in favor of hard requirements like quotas.
Under draft rules released in Septembe...
Trump Targets H-1B Visas Which Are Used Largely By Tech Industry
2017-04-18 05:04:49 UTC
U.S. President Donald Trump targets H-1B visas which are used largely by tech industry and will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the U.S. to fill h...
China's factory output rose 7.6 percent, asset investment grew 9.2 percent
2017-04-17 03:27:13 UTC
China's factory output rose 7.6 percent in March from a year earlier, while fixed-asset investment grew 9.2 percent in the first quarter, both beating expectations.
Analysts polled by Reuters had predicted factory output would grow by 6.3 perce...
Protesters To Trump: We Want To See Your Tax Returns
2017-04-16 05:20:35 UTC
WASHINGTON/ NEW YORK — Tens of thousands of people marched through midtown Manhattan and dozens of U.S. cities on Saturday to demand that President Donald Trump release his tax returns and to dispute his claim that the public does not care about t...
A Federal Judge Sets Hearing On Trump's Sanctuary City Defunding Order
2017-04-14 16:48:57 UTC
By Robin Respaut |
SAN FRANCISCO — A California federal judge is set to hear arguments on Friday in a case brought by two large counties requesting the suspension of President Donald Trump's executive order that seeks to withhold federal fun...
United Airlines Passenger To Sue The Company
2017-04-13 17:40:22 UTC
<blockquote><h2>United Airlines Passenger To Sue The Company: </h2><h3>Dao's daughter, Crystal Dao Pepper, told the news conference that the family was "horrified, shocked and sickened" by what happened to her father.</h3>
<strong>CHICAGO — <...
Mexico's Economy Thriving Despite Trump's Hostility
2017-04-12 19:38:14 UTC
MEXICO CITY — The election of Donald Trump as U.S. president last year raised the specter of economic recession in Mexico, sent the country's peso into a tailspin, and threatened local industry such as car making.
But four months on, Mexican au...
Global Stocks Slide, Treasuries and Yen Up
2017-04-11 05:04:09 UTC
Asian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as the yen and Treasuries.
Brexit: Eyes on trading operations of UK investment banks
2017-04-11 05:28:27 UTC
By Huw Jones, Rachel Armstrong and Jesús Aguado |
LONDON/MADRID - A gap in EU financial rules is allowing member countries to compete to host the trading operations of London-based investment banks after Brexit by offering looser regulatory st...
Tesla Beat GM To Become Most Valuable US Auto Maker
2017-04-10 21:23:22 UTC
By Noel Randewich | SAN FRANCISCO
Tesla Inc (TSLA.O) on Monday became the most valuable U.S. car maker, reaching a market capitalization of $50.887 billion and edging past General Motors (GM.N) which produces many more cars.
Helped by an analy...
France, Airbus and Leonardo, Italy major deal with Iran Air
2017-04-10 07:09:56 UTC
IranAir has signed a contract to buy 20 planes from turboprop maker ATR, Iranian deputy transport minister was quoted as saying on Monday.
The deal comes after Iran, which had not directly purchased a Western-built plane in nearly 40 years, sig...
Trump is well on his way to launch additional import duties
2017-04-10 06:20:52 UTC
By David Lawder |
WASHINGTON — U.S. President Donald Trump is considering an executive order to launch a trade investigation that could lead to supplemental duties in certain product categories, a Trump administration official told Reuters.
No Income Taxes In Saudi Arabia, Says Saudi FinMin
2017-04-09 18:04:37 UTC
Saudi Arabia's finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom.
The collapse in oil price...