President Donald Trump issued a strong statement of support for protesters in Iran as a crackdown intensified against anti-government demonstrations. Police have arrested more than 450 people and there have been at least 20 deaths. (WSJ & Reuters) Democrats in high-tax states are reportedly plotting to blunt the impact of the Republicans’ newly passed tax […]
Read moreIn keeping with a sharp pivot underway among Republicans, U.S. Representative Mark Meadows, speaking on CBS’ “Face the Nation,” drew a hard line on federal spending, which lawmakers are bracing to do battle over in January. When they return from the holidays on Wednesday, lawmakers will begin trying to pass a federal budget in a […]
Read moreBitcoin’s dominance of the cryptocurrency market is at its lowest level ever thanks to rising interest in alternative digital coins. On Tuesday, its market cap was $231.8 billion, or around 36.1 percent of the total value of all cryptocurrencies. This is the lowest share of the market that bitcoin has had in its history. Bitcoin’s […]
Read morePakistan summoned the U.S. ambassador in protest against U.S. President Donald Trump’s angry tweet about Pakistan’s “lies and deceit,” while Foreign Minister Khawaja Asif dismissed the outburst as a political stunt. David Hale was summoned by the Pakistan foreign office on Monday to explain Trump’s tweet, media said. A spokesperson for the U.S. Embassy in […]
Read moreOil prices notched their strongest start to a calendar year since 2014 on Tuesday, amid anti-government protests in Iran and ongoing OPEC-led production cuts. U.S. West Texas Intermediate (WTI) crude futures traded at $60.45 a barrel, up 0.05 percent, at around 9.40 a.m. London time. The benchmark peaked at $60.74 a barrel earlier in the […]
Read moreEuro zone manufacturers ended 2017 by ramping up activity at the fastest pace in more than two decades, a survey showed on Tuesday, and rising demand suggests they will start the new year on a high. The bloc’s economy outpaced its peers last year, and the European Central Bank plans to scale back its stimulus […]
Read moreCurrency, United States Finance
BP to take $1.5 billion charge from US tax overhaul but expects earnings uplift
British energy company BP expects a positive impact on future post-tax earnings from the United States after the changes to U.S. corporate taxes, it said on Tuesday. The U.S. House of Representatives gave final approval in December to the biggest overhaul of the U.S. tax code in 30 years, which included a cut to the […]
Read moreAustralia’s transport safety investigation agency said on Tuesday it plans to raise a seaplane that crashed into a Sydney river on New Year’s Eve, killing six people, including the chief executive of British catering giant Compass Group Plc. Australian Transport Safety Bureau Executive Director Nat Nagy said investigators would probe several lines of inquiry to […]
Read moreEuropean markets are expected to open mixed on Tuesday morning, as investors reacted to surprisingly upbeat economic data in China and continued to monitor geopolitical unrest in Iran. The FTSE 100 is poised to open up by 13 points at 7,694, the DAX is seen up 22 points at 12,896 while the CAC 40 is […]
Read moreSouth Korean Unification Minister Cho Myong-gyon offered on Tuesday high-ranking government talks with North Korea next week at the border village of Panmunjom, a day after Pyongyang suggested talks despite sticking to its nuclear ambitions. Cho told a media conference he expects the two Koreas to focus on bringing a North Korean delegation to the […]
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