Finance

  • European Union: US Tax Reform Breaks Global Rules
    European_union-_us_tax_reform_breaks_global_rules 2017-12-19 18:29:42 UTC
    European finance ministers are worried. They say the US's big tax reform bill contains measures that would unfairly disadvantage European business and contravene global fair-taxation rules. Are they right? Last week, the finance ministers of Eu...
  • Here's a Look at the Final Republican Tax Bill
    Here's_a_look_at_the_final_republican_tax_bill 2017-12-17 06:15:52 UTC
    Republicans in the U.S. Congress released a final version of their tax bill on Friday, clearing the way for Senate and House of Representatives votes on the legislation next week. President Donald Trump wants to sign tax legislation before the ...
  • Zimbabwe's government will Extend Amnesty on Outstanding Taxes
    Zimbabwe's_government_will_extend_amnesty_on_outstanding_taxes 2017-12-08 07:04:50 UTC
    HARARE — Zimbabwe's Finance and Economic Development Minister Patrick Chinamasa proposed an amnesty for interest and penalties on outstanding taxes accrued prior to December 1, 2017 for taxpayers who come forward and settle their obligations withi...
  • Bitcoin tops an all-time high above $10,000
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 2017-11-29 06:11:39 UTC
    NEW YORK (Reuters) - Red-hot bitcoin soared through an all-time high above $10,000 on Wednesday, taking its gains to more than 900 percent so far this year, the most of any asset class. Despite widespread scepticism of many veteran bankers and ...
  • Canada reaches out to US Congress to bypass Trump on NAFTA
    Canada-_justin_trudeau_reaches_out_to_us_congress_to_bypass_trump_on_nafta 2017-11-15 20:02:04 UTC
    OTTAWA (Reuters) - Canada will redouble its lobbying efforts in Congress to block any Trump administration move to pull the United States out of NAFTA, sources familiar with government strategy said, as talks to modernize the treaty run into troub...
  • TPP Countries Agree to Move Ahead Without the US
    Trump_-_tpp_countries_agree_to_move_ahead_without_the_us 2017-11-11 07:34:30 UTC
    DANANG, Vietnam (Reuters) - Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last minute resistance from Canada raised new doubt...
  • Germany’s Strong Economic Growth Creates Tax Surplus of 30 Billion Euros
    Germany%e2%80%99s_strong_economic_growth_creates_tax_surplus_of_30_billion_euros 2017-11-09 23:36:47 UTC
    BERLIN (Reuters) - Germany’s new tax estimates show the next federal government will have around 30 billion euros available for tax cuts and additional spending over the next four years, Finance Minister Peter Altmaier said on Thursday. The tax...
  • Trump’s administration has links with Russian allies of Putin
    Trump%e2%80%99s_administration_has_links_with_russian_allies_of_putin 2017-11-06 04:23:28 UTC
    WASHINGTON (Reuters) - A top member of Donald Trump's administration has business links with Russian allies of President Vladimir Putin who are under US sanctions, Leaked files from offshore law firm show. Partnerships used by Ross, a billiona...
  • GOP Massive Tax Cuts Will Lead to Major Deficit and Debt
    Gop_massive_tax_cuts_will_lead_to_major_deficit_and_debt 2017-11-02 21:24:00 UTC
    WASHINGTON (Reuters) - U.S. House of Representatives Republicans unveiled long-delayed legislation on Thursday to deliver deep tax cuts that President Donald Trump has promised. The bill, representing what would be the largest overhaul of the U...
  • EU Reaffirms Full Commitment to the Iran Nuclear Deal
    Eu_reaffirms_full_commitment_to_the_iran_nuclear_deal 2017-10-19 23:53:02 UTC
    BRUSSELS (Reuters) - European Union leaders on Thursday reaffirmed their full commitment to the 2015 nuclear deal between Iran and world powers, hoping that the U.S. Congress would not let it collapse despite relentless criticism by President Dona...
  • Trump's Tax Plan Will add Trillions of Dollars to the Debt
    Trump_undermines_trust_between_partners-_%22i_have_the_absolute_right%22 2017-09-28 06:48:39 UTC
    WASHINGTON (Reuters) - President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions...
  • Emmanuel Macron Sets Out Progressive Vision For EU
    Macron_sets_out_progressive_vision_for_eu 2017-09-26 16:47:29 UTC
    PARIS (Reuters) - French President Emmanuel Macron offered a sweeping vision for a renewal of Europe on Tuesday, calling for the EU to cooperate more closely on defense, immigration, tax and social policy, and for the single currency bloc to have ...
  • Brexit: 10,000 finance jobs will be shifted out of Britain
    Brexit-_10_000_finance_jobs_will_be_shifted_out_of_britain 2017-09-18 14:51:50 UTC
    LONDON (Reuters) - Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers in in...
  • Elizabeth Warren launches investigation into Equifax breach
    Elizabeth_warren_launches_an_investigation_into_equifax_data_breach 2017-09-16 02:48:20 UTC
    WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax’s massive data breach, and along with 11 other Democratic senators, introduced a bill to allow consumers to freeze their credit for fre...
  • Medicare for All is New Litmus Test for Democratic Presidential Hopefuls
    Single_payer_medicare_for_all 2017-09-13 14:12:46 UTC
    Sarah Jones Medicare for All is becoming the new litmus test for Democratic presidential hopefuls.Cory Booker became the fifth Democratic senator to co-sponsor Bernie Sanders’s Medicare for All bill on Monday afternoon. It’s a shift for Booker,...
  • Turkey appears to be building a military infrastructure independent of NATO
    Turkey_appears_to_be_building_a_military_infrastructure_independent_of_nato_-_putin_-_erdogan 2017-09-12 20:19:26 UTC
    Turkey has risked the anger of the United States and its fellow NATO members by signing a contract with Russia to buy a missile defense system. Turkish President Recep Tayyip Erdogan told Turkish media on Tuesday that Ankara had put down a depo...
  • Trump Tweets: 'start the Tax Reform/Tax Cut legislation ASAP'
    Trump_meeting_7_sept 2017-09-08 17:38:35 UTC
    WASHINGTON (Reuters) - U.S. President Donald Trump urged fellow Republicans on Friday to begin work on tax reform legislation immediately, exhorting them to hurry up after two days in which he stunned members of his party with overtures to opposit...
  • Ryan and Mnuchin See U.S Tax Overhaul by End of Year
    Ryan_press_briefing 2017-09-07 17:05:19 UTC
    Doina Chiacu, Susan Heavey WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin and House of Representatives Speaker Paul Ryan voiced confidence on Thursday that Congress will pass an overhaul of the U.S. tax code by the end of this year, a...
  • Elizabeth Warren backs Medicare for All
    Warren_medicare_for_all 2017-09-07 16:49:43 UTC
    Elizabeth Warren backs Medicare for All. Bernie Sanders has not yet introduced his Medicare for All bill in the Senate, but on Thursday morning it gained an important supporter in Warren. In a statement, Warren said she based her decision on her c...
  • Macron backs Germany’s idea of a European Monetary Fund to counter economic shocks
    Macron_backs_germany%e2%80%99s_idea_of_a_european_monetary_fund_to_counter_economic_shocks 2017-09-07 17:57:39 UTC
    ATHENS (Reuters) - French President Emmanuel Macron on Thursday backed Germany’s idea of a European Monetary Fund (EMF) to counter economic shocks in euro zone member states but stressed the ultimate goal of deeper integration should remain a euro...
  • White House Supports Raising Debt Ceiling
    Sarah-huckabee-sanders 2017-08-24 20:06:44 UTC
    WASHINGTON (Reuters) - The White House said on Thursday it was committed to making sure Congress raises the nation's debt limit even as the president described the looming legislative process as a "mess." "It's our job to inform Congress of the...
  • Bipartisan Policy Center Says U.S. Could Miss Payments on October 2
    Money-free-image 2017-08-24 18:08:46 UTC
    WASHINGTON (Reuters) - The U.S. government might not have enough money to pay all its bills on Oct. 2 if Washington does not raise a cap on federal borrowing, a respected think tank said in a report on Thursday. The Treasury might not have enou...
  • Schumer Says Trump Wall Threat Will Lead to U.S. Government Shutdown
    Senator_charles_schumer 2017-08-23 15:30:20 UTC
    WASHINGTON (Reuters) - Senate Democratic leader Chuck Schumer said on Wednesday that President Donald Trump's threat to shut down the government if he does not secure funding for a border wall with Mexico would lead to a shutdown that "nobody will...
  • Is Recession Looming? U.S. Household Debt Jumps To A New Record High
    Is_recession_looming__us_household_debt_jumps_to_a_new_record_high 2017-08-15 18:10:40 UTC
    NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies j...
  • Mayor Rahm Emanuel: Chicago will sue the Trump administration
    Mayor_rahm_emanuel-_chicago_will_sue_the_trump_administration 2017-08-06 20:40:09 UTC
    CHICAGO/NEW YORK (Reuters) - Chicago will sue the Trump administration on Monday over threats to withhold public safety grant money from so-called sanctuary cities, escalating a pushback against a federal immigration crackdown, Mayor Rahm Emanuel ...