Asian shares pull back from highs on doubts over Trump's tax plan

TOKYO  - Asian shares eased from a near two-year high on Thursday as a long-awaited U.S. tax cut plan failed to inspire investors, though sentiment remained supported by global growth prospects and receding worries about political risks in Europe.

European shares are expected to slip, with spread-betters looking to a fall of up to 0.5 percent in Britain's FTS

Donald Trump tells Canada, Mexico, he won't terminate NAFTA treaty yet - White House

WASHINGTON  - U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said.

The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive orde

Donald Trump's plan to slash business taxes seen as 'guidepost' by congressional Republicans

WASHINGTON  - President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted, drawing a cautious welcome from fiscal conservatives and financial markets.

While the proposed tax cuts would please those helped by them, such as multinational corporations and wealt

Wall Street ticks lower as Trump tax priorities unveiled

New York  - U.Sstocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.

The proposal from the Trump administration slashes tax rates for businesses and on overseas corporate profits returned to the country. It offered no specifics on how it

Asian shares retreat from highs on doubts over Trump tax plan

TOKYO - Asian shares eased from a near two-year high on Thursday as a long-awaited U.S. tax cut plan failed to inspire investors, though sentiment remained supported by global growth prospects and receding worries about political risks in Europe.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent after hitting its highest level since June

Gold slips, but Trump tax reform doubts cap losses

Gold prices edged down on Thursday on ebbing geo-political worries but scepticism over U.S. President Donald Trump's proposed tax reform curbed further losses.

Spot gold was down 0.2 percent at $1,266.94 per ounce, as of 0406 GMT. Bullion prices edged away from a two-week low of 1,259.90, hit during the session on Wednesday.

U.S. gold futures climbed 0.3 percent to $1,26

EXCLUSIVE: A New York hotel deal shows how some public pension funds help to enrich Trump

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 Reuters review of public records. That arrangement could put Trump at risk of violating an obscure constitutional clause, some legal experts say.<

Donald Trump tax plan will sharply slash corporate tax rates

WASHINGTON  - 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 House tax plan, Trump will also call for a sharp cut in the top rate on pass-throu

U.S. President Trump resorting to unilateralism with steel probe - China Daily

BEIJING  - Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday.

The article was the strongest official response yet to U.S. President Donald Trump on Thursday launching an investigation

Arun Jaitley raises H-1B visa issue with US authorities

The vexed issue of the Trump administration mulling curbs in H-1B visas has been taken up with by Finance Minister Arun Jaitley with the American authorities during his ongoing visit, an Indian official said on Sunday.

The issue was raised by Jaitley during his meeting with US Treasury Secretary Steven Mnuchin here on Saturday, an Indian Finance Ministry statement said.


Trump tax plan may produce some short-term budget issues - Mnuchin

WASHINGTON - U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration's tax reform plan would produce some "short term issues" when viewed under traditional "static" budget analysis rules.

His comments during an interview by International Monetary Fund Managing Director Christine Lagarde suggested that the plan woul

Trump warming to EU trade deal with Britain behind in queue - Times

LONDON - The United States could strike a free-trade agreement with the European Union after President Donald Trump warmed to a deal with the bloc, the Times reported on Saturday, quoting sources from both sides of the discussion.

Post-Brexit Britain would be pushed behind Europe in the race to secure a U.S. deal after Germany's Angela Merkel persuaded Trump that

Trump sets U.S. tax reform announcement, orders tax rule review

By David Morgan

WASHINGTON - President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills.

"We'll be having a big announcement on Wednesday having to do with tax reform. The proce

Waiting for green cards, Indian visa-holders see hope in Trump review

By Stephen Nellis

SAN FRANCISCO - When Gokul Gunasekaran was offered a full scholarship for a graduate programme in electrical engineering at Stanford University, he saw it as the chance of a lifetime.

He had grown up in Chennai, India, and had a solid job offer with a large oil company after getting his undergraduate degree. He came to America instead, got

Asia steelmaker shares rise despite Trump salvo on trade

SYDNEY - Shares of most Asian steelmakers rose on Friday, deflecting the first salvo of a long-anticipated anti-dumping campaign from U.S. President Donald Trump.

Citing concerns about national security, 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.

H-1B not immigration but trade, services issue: India

With US President Donald Trump ordering tougher conditions for issuance of H-1B visas, the biggest beneficiaries of which are Indians, a senior official here said on Thursday that it is not a matter concerning immigration but that of trade and services.

"It is not an immigration matter as we have said earlier, it is basically a trade and services issue," External Affairs Min

Indian IT firms may face layoffs due to US visa curbs: Assocham

With the US tightening the norms for H-1B visas under the President Donald Trump's 'Buy American, Hire American' campaign, the Indian IT companies are bound to face disruptions by way of higher costs and even some laying off work force back home, and the rising rupee is aggravating the situation further for the technology export firms, an Assocham paper said.

Nearly 86 per

Worries over Trump policies cloud start of IMF, World Bank meetings

By David Lawder

WASHINGTON - World finance leaders are gathering on U.S. President Donald Trump's home turf on Thursday 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 Bank spring meetings bring the two multilateral institution

Nasscom allays fears over Trump's order on H1-B visas

 US President Donald Trump's new executive order on the H1-B visas for software engineers would have no impact or change the lottery underway, said the Indian IT industry's representative body Nasscom on Wednesday.

"Nothing is being proposed that would impact or change the FY 2018 H-1B lottery (system) that is underway. No new changes are being implemented immediatel

Emirates reduces flights on five U.S. routes as restrictions hit demand

By Alexander Cornwell

DUBAI  - Emirates, the largest international airline by passenger traffic, said on Wednesday it was cutting flights on five U.S. routes after restrictions imposed by President Donald Trump's administration weakened demand from the Middle East.

Since taking office, Trump has signed two executive orders banning refugees and citiz

Trump signs 'Buy American, Hire American' executive order

US President Donald Trump on Tuesday signed a "Buy American, Hire American" executive order in Kenosha, Wisconsin, initiating visa and government purchase reforms.

"With this action, we are sending a powerful signal to the world: We're going to defend our workers, protect our jobs, and finally put America first," Xinhua news agency quoted Trump as saying.<

Trump to seek changes in H-1B visa program to encourage hiring Americans

By Steve Holland

WASHINGTON - U.S. President Donald Trump on Tuesday will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the United States to fill high-skilled jobs.

Two senior Trump administration officials who briefed reporters at the White House said Trump will also use

Donald Trump administration says no U.S. trading partners manipulate currency

By David Lawder

WASHINGTON - U.S. President Donald Trump's administration declined to name any major trading partner as a currency manipulator in a highly anticipated report on Friday, backing away from a key Trump campaign promise to slap such a label on China.

The semi-annual U.S. Treasury currency report did, however, keep China on a currency "mo

U.S. business wary of skin-deep results from Donald Trump -Xi Jinping trade talks

By Michael Martina

BEIJING  - The 100-day trade talks announced after a Sino-American presidential summit last week will aim to deal with decades of thorny trade issues, leaving some U.S. business leaders wary that the short timeline might yield superficial results.

Business executives are also worried that President Donald Trump's focus on curtaili

Donald Trump and Janet Yellen may not be an odd couple after all

By Howard Schneider and Ann Saphir

WASHINGTON  - At first glance, U.S. President Donald Trump and Federal Reserve chair Janet Yellen may have little in common.

Yellen is an academic economist and veteran of Democratic administrations who is committed to an open global economy, while Trump is a real estate mogul with an electoral base suspicious of the e