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....EE is registering levels of interest in the device, but O2 and Three said they had no plans to sell the handset. The new device was announced at February's Mobile World Congress technology show in Barcelona. ... [Read full article on BBC ]
Wednesday 24th of May 2017 12:30:26 PM
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....A prominent conservative economist agreed there was a discrepancy. Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office, told the Los Angeles Times the numbers "don't seem to match". ... [Read full article on BBC ]
Wednesday 24th of May 2017 05:46:23 PM
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....The Senate and House of Representatives will pass their own versions, which will then go to congressional committees before the final spending plan is cemented. The Trump budget might have expected a sympathetic reading in the Republican-controlled Congress. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 03:31:49 PM
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.... “There may be constraints, be it availability of equipment and crew,” said Atkinson. On Tuesday, the White House sent oil prices sliding after it said in a budget to Congress that it wanted to sell half the US’s 688m barrel emergency oil stockpile, starting in 2018. ... [Read full article on Guardian ]
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Latest Finance News related to Congress

White House denies 'egregious' budget accounting error image
Source : BBC [Read Article] Wednesday 24th of May 2017 05:46:23 PM
....A prominent conservative economist agreed there was a discrepancy. Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office, told the Los Angeles Times the numbers "don't seem to match". ...
Nokia 3310 sparks wave of nostalgia as it goes on sale image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:30:26 PM
....EE is registering levels of interest in the device, but O2 and Three said they had no plans to sell the handset. The new device was announced at February's Mobile World Congress technology show in Barcelona. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
....The Senate and House of Representatives will pass their own versions, which will then go to congressional committees before the final spending plan is cemented. The Trump budget might have expected a sympathetic reading in the Republican-controlled Congress. ...
Opec oil producers poised to extend production cuts image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 11:27:42 AM
.... “There may be constraints, be it availability of equipment and crew,” said Atkinson. On Tuesday, the White House sent oil prices sliding after it said in a budget to Congress that it wanted to sell half the US’s 688m barrel emergency oil stockpile, starting in 2018. ...
Brazil's stock market plunges after corruption claims image
Source : BBC [Read Article] Thursday 18th of May 2017 04:31:38 PM
....8% down at 61,575 points. Mr Temer is trying to get pension reforms through Congress that would mean men would have a minimum retirement age of 65, and women 62, and most people would contribute more. ...
Ford looks to cut 1,400 jobs image
Source : BBC [Read Article] Wednesday 17th of May 2017 07:22:17 PM
....Job cuts, including at Ford, have been political footballs, with US President Donald Trump claiming credit for the firm's cancellation of a plant in Mexico. Word of the downsizing was met with dismay from US Congresswoman Debbie Dingell, whose district includes Ford's Dearborn, Michigan headquarters. ...
Global stock markets fall as Trump turmoil intensifies image
Source : BBC [Read Article] Wednesday 17th of May 2017 05:31:25 PM
....Optimism over the Trump administration's pro-growth policies had driven a sharp rally in US stocks since his election in November. But the row over the firing of FBI director James Comey, and growing scepticism about Mr Trump's ability to push major policies through Congress has cast a cloud over markets. ...
Chapter closed? image
Source : BBC [Read Article] Friday 12th of May 2017 07:01:27 AM
.... One poll said 71% were against changes in retirement laws, which will see people work longer and contribute more to the public pension system. Yet just a few days after the protests, the government comfortably passed the reform bill through one of its initial committees in Congress, as if nothing had happened. ...
Number of zero-hours contracts stalls at 'staggering' 1.7m image
Source : Guardian [Read Article] Thursday 11th of May 2017 12:31:31 PM
.... Some people have more than one job. Frances O’Grady, general secretary of the Trades Union Congress (TUC), said the latest figures were no cause for celebration and that firms were finding other ways to employ people on insecure terms. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
....I’ll never forget the bailout of Wall Street in October 2008. US treasury secretary Hank Paulson told Congress members that if several hundred billion were not approved over a weekend, we wouldn’t have an economy the following week. ...
United Airlines CEO calls passenger's removal a 'mistake of epic proportions' image
....The House transportation committee chair, Bill Shuster, a Pennsylvania Republican, said United and other carriers should use the notoriety of Dao’s removal to improve customer service. If changes are not made, he said, Congress was likely to step in. ...
US airlines face heat in Washington after passenger clashes image
Source : BBC [Read Article] Tuesday 2nd of May 2017 03:40:16 PM
.... Bill Shuster, the Pennsylvania Republican who heads the committee that hosted the hearing. Mr Shuster said that although he did not believe in over-regulating businesses, Congress would "not hesitate to act" to improve conditions for customers. ...
Trump is considering new Glass-Steagall-style bank rules image
Source : BBC [Read Article] Monday 1st of May 2017 06:18:44 PM
.... . But any change is likely to face stiff resistance from the banking industry, making approval in Congress difficult. ...
US budget: No cash for Trump's wall in budget deal image
Source : BBC [Read Article] Monday 1st of May 2017 06:26:01 AM
. Congress has struck a budget deal to avert a government shutdown, but it allocates no cash for President Donald Trump's proposed US-Mexico border wall. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
.... While it's true that the first three months of a year are usually particularly weak, and that growth will likely pick up in the coming months, it's also the case that a 3% annual growth rate hasn't been consistently delivered since the 1990s. So whatever it is that would boost growth - be it tax cuts or large government spending - is likely to require far-reaching legislation from Congress. ...
​Trump tax plan could save him millions under guise of helping small businesses image
....”. Trump’s plan, which would have to be adopted by Congress to take effect – far from a given – would introduce a new tax rate of 15% for owner-operated businesses known as pass-throughs, which are called that because, for tax purposes, income is “passed through” from the business balance sheet to individual owners and taxed like personal income. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
. The Trump administration unveiled what it called the biggest tax cuts “in history” on Wednesday, in a move that will simplify the US tax system, slash taxes for businesses large and small – including Trump’s own – eliminate inheritance taxes and set the president on a collision course with Congress over the likely $2tn-plus cost of the proposal. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
....The "pay for itself" argument in favour of tax cuts has a long and contested history in the US, with many doubting that the evidence bears out the theory. Lower tax rates mean less tax revenue - which could be a serious problem for Republicans in Congress worried about national debt and a ballooning deficit. ...
Voodoo Reaganomics won't save Trump on the Hill | Larry Elliot image
Source : Guardian [Read Article] Wednesday 26th of April 2017 03:33:00 PM
....”. In the end, Trump will only get his corporate tax cut implemented with the agreement of Congress. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
.... . While conservatives traditionally have never met a tax cut they didn't like, many in Congress have taken strong positions in recent years against adding to the budget deficit. ...
Can Donald Trump better renegotiate Nafta? Yes, by bringing back TPP image
Source : Guardian [Read Article] Tuesday 25th of April 2017 08:44:58 AM
....Donald Trump’s administration says it is sticking with its campaign promise to renegotiate the North American Free Trade Agreement (Nafta). Indeed, Trump has now reiterated his intention to invoke the procedures for renegotiating Nafta soon (within “the next two weeks”), triggering a 90-day consultation period with Congress, before talks with Mexico and Canada commence. ...
Trump signs order to assess whether steel imports threaten national security image
....The US steel industry has blamed China for driving down global prices in order to crush competition and as a result causing US job losses. Last year John Ferriola, chairman of US steel company Nucor Corporation and one of Trump’s guests for the signing, told Congress China was “a company disguised as a country engaged in economic warfare”. ...
El Paso: the border city grappling with the ramifications of Trump's proposals image
....What was once a proposed 20% border tax may well end up being something far smaller, says Fullerton, but he still believes there is a good chance that some sort of tax is coming. “The sentiment in the country is so anti-trade that I think Congress would be reluctant to vote against a serious proposal,” he says. ...
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
....But there are signs that the administration's approach may in the event be softer. There is a draft letter from the administration to Congress setting out objectives for a renegotiation. ...
Sensors, scanners and surveillance: at the expo to outfit Trump's border wall image
....”. Congress may yet slice Trump’s proposed budget, but the exhibitors expressed confidence about nabbing federal money. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
....Evidence that Trump does not really have a clue about what he is doing is mounting by the day. The failure to get Congress to agree to a repeal of Obamacare was the first sign of trouble, since it raised questions about whether the White House would be able to pass an economic stimulus package. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
.... It is also in settlement talks with federal officials over its alleged role in the mortgage crisis. Van Hollen and another prominent Democrat, Congresswoman Maxine Waters, have raised concerns about whether Jeff Sessions, the US attorney general, could oversee an impartial investigation given the bank’s close ties to the White House. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
....5bn on lobbying between 2009 and 2015, including an estimated $352m specifically spent on influencing the tax debate. The total amount spent on lobbying works out at about $46m for every member of Congress. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
....President Donald Trump’s first major legislative goal – to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”) – has already imploded, owing to Trump and congressional Republicans’ naivety about the complexities of healthcare reform. Their attempt to replace an imperfect but popular law with a pseudo-reform that would deprive more than 24 million Americans of basic healthcare was bound to fail – or sink Republican members of Congress in the 2018 midterm elections if it had passed. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
...."They are trying to see if there is anything in Dodd-Frank that would save the government money and be used for tax reform," our correspondent says. But she added that any change would require a major piece of legislation passing through Congress. ...
South Africa's credit rating has been cut to junk status image
Source : BBC [Read Article] Monday 3rd of April 2017 11:11:12 AM
....His replacement as finance minister by Malusi Gigaba was part of a cabinet reshuffle by President Jacob Zuma. However the country's deputy president, Cyril Ramaphosa, called Mr Gordhan's sacking "totally, totally unacceptable" and the Gwede Mantashe, secretary-general of the ruling African National Congress (ANC), also opposed it. ...
South Africa leaders divided after President Zuma sacks Gordhan image
Source : BBC [Read Article] Thursday 30th of March 2017 10:39:38 PM
....He has described the allegations as politically motivated. Comments by the Deputy President Cyril Ramaphosa that Mr Gordhan's sacking was "totally unacceptable" captures the overwhelming sentiment of some top leaders in the ruling African National Congress (ANC). ...
Older savers taking big market risks to trump inflation image
Source : Daily Express [Read Article] Wednesday 29th of March 2017 08:25:00 AM
....” . Stock markets have been flying since Donald Trump was elected US president but they now look vulnerable, as investors question whether his proposed $1trillion (£798billion) stimulus blitz will pass Congress. ...
Samsung plans to relaunch refurbished Note 7 devices image
Source : BBC [Read Article] Monday 27th of March 2017 05:38:47 PM
....Samsung had faced pressure from environmental campaigner Greenpeace. The organisation had lobbied the technology giant over its plans for the devices, launching a petition and staging global protests including at the Mobile World Congress event. ...
FTSE 100 falls as pound jumps against dollar image
Source : BBC [Read Article] Monday 27th of March 2017 08:11:23 AM
.... . "But the Congressional Budget Office also highlighted that the savings expected from Trump's healthcare bill would be much less than expected, which could limit the size and scope of his infrastructure spending plan. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
....Share prices have risen steadily since Trump defeated Hillary Clinton in last November’s race for the White House amid optimism that the US could be on the point of breaking out of the low-growth path evident since the world’s biggest economy emerged from recession almost eight years ago. But sentiment has turned this week after it became clear that there is likely to be a protracted delay before the Trump administration can get tax cuts through Congress. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
....Donald Trump’s election as US president has triggered a surge in positive economic sentiment, because he pledged that his administration would aggressively pursue the policy trifecta of deregulation, tax cuts and reform, and infrastructure construction. Republican majorities in both houses of Congress reinforced the positive sentiment, as they signalled Trump would not face the kind of paralysing gridlock that Barack Obama confronted for most of his presidency. ...
UK Mail driver who was unable to work after car accident charged £800 image
....”. Frances O’Grady, general secretary of the Trades Union Congress, said UK Mail’s “punitive fines” were “a stark example of an employer reaping all the benefits of the gig economy, while the worker bears all the risk”. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
....But Sports Direct is only the tip of the iceberg. The Trades Union Congress estimates that precarious low-paid work – low-paid self-employment, agency working and zero-hours contracts – affects one in 10 workers. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
....50 in 2012 to $31 by mid 2015 – then go bankrupt. Trump may have problems pushing his infrastructure spending through Congress. ...
Trump budget to cut foreign aid to pay for defence boost image
Source : BBC [Read Article] Thursday 16th of March 2017 12:07:20 AM
....The Trump administration has laid out plans to boost US defence spending by $54bn (£44bn) while slashing funding for foreign aid. The federal government budget plan will be submitted to Congress on Thursday. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
.... those would be very welcome changes that we would like to see," she said. Some economists think the next rate hike will be no earlier than June, given that the Fed probably wants time to assess the likelihood that Congress will pass Trump's ambitious program of tax cuts, deregulation and increased spending on infrastructure. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
....Donald Trump took office promising a raft of sweeping economic policy changes for the United States. He has quickly discovered, like previous US presidents, that America’s political system is designed to prevent rapid, large-scale change, by interposing formidable institutional obstacles, from the Congress and career civil servants to state governments and the courts. ...
DPD and Parcelforce face MPs' questions over working conditions image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:58:20 PM
....More than 20 van drivers working for DX, an Aim-listed courier firm which works for Amazon, the US embassy and dozens of other clients, began legal action questioning their employment status. Speaking on Tuesday at the first hearing into the future world of work by the Commons business, energy and industrial strategy committee, Hannah Reed, a senior policy officer at the Trades Union Congress, said: “There should be a floor of rights for all working people – a single worker definition. ...
China sees first monthly trade deficit in three years image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:19:40 AM
....Leaders are trying to rebalance the economy, reducing reliance on state investment and exports, and growing more through domestic consumption. At the weekend, Premier Li Keqiang used his speech at the country's rubber-stamp parliament, the National People's Congress (NPC) to cut China's annual growth target to 6. ...
Blood couriers launch case challenging self-employed status image
Source : Guardian [Read Article] Tuesday 7th of March 2017 05:19:22 PM
....Speaking on Tuesday at the first hearing into the future world of work by the Commons business, energy and industrial strategy committee,. Hannah Reed, a senior policy officer at the Trades Union Congress, said: “There should be a floor of rights for all working people – a single worker definition. ...
Senate votes to repeal labor protection laws that safeguarded poultry workers image
.... McConnell, with his fellow Republicans, voted to rescind it. Debbie Berkowitz, formerly a senior official with the Obama administration’s Office of Safety and Health Administration (Osha), called Congress’s decision to undo Obama’s order a major setback for workers. ...
China cuts growth target to 6.5% this year - Premier Li Keqiang image
.... . He was addressing the country's rubber-stamp parliament, the National People's Congress (NPC), which has gathered in Beijing for its annual session. ...
Fixing America's failing infrastructure won't be easy, despite Trump's pledge image
....Trump seems to have a genuine passion for rebuilding America. “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our beautiful land,” Trump said in his speech before Congress last Tuesday as he renewed a campaign promise, vowing to ask Congress for a $1tn infrastructure investment package financed through public and private capital. ...
Trump promises 'aggressive' action on trade to protect US image
Source : BBC [Read Article] Thursday 2nd of March 2017 02:08:52 PM
.... . In a new report to Congress, the administration promises to use "all possible leverage" to encourage other countries to give US producers fair reciprocal access to their markets. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
....Trump is far from the first president to arrive in the White House planning to shake things up. Jimmy Carter tried, but immediately ran afoul of his party’s leadership in Congress – and subsequently struggled to get anything accomplished. ...
MWC 2017: Netflix chief is worried and excited by future image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:05:29 AM
....Netflix's chief executive Reed Hastings has said his movie and TV streaming service is facing growing competition from Amazon, Apple and Google. But at the Mobile World Congress trade show in Barcelona he told the BBC's Rory Cellan-Jones that there was still room for growth. ...
Dow Jones breaks through 21,000 mark image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:48:45 PM
....31 points to close at 21,115. 55 following US President Donald Trump's address to Congress last night. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
....Exchanges in Spain, Germany and France also saw steep rises in the value of listed shares as investors bet on a spending spree by the new Trump administration filtering out to increase the profits of large corporations across Europe. In his most measured speech to date, Trump told Congress he would bring back to life dying industries and “crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our very, very beautiful land”. ...
Will Trump build a wall protecting US banks from global rules? | Howard Davies image
....But that will not be the end of the story. The battle lines are now drawn, and McHenry’s letter shows the arguments that will be deployed in Congress by some Republicans close to the president. ...
FTSE 100 closes at new record high image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:19:22 AM
....US shares also hit record highs, with the Dow Jones Index pushing through the 21,000 level for the first time. Some traders attributed the rise to Donald Trump's speech to Congress overnight, while others said it was to do with growing expectations of a US rate rise. ...
Top Republican says Trump's budget plan 'dead on arrival' image
Source : BBC [Read Article] Tuesday 28th of February 2017 11:09:20 PM
. Republicans are lining up against President Donald Trump's proposed budget cuts to the State Department, hours before his address to Congress. ...
Dow Jones stock index hits best winning streak in 30 years image
Source : BBC [Read Article] Monday 27th of February 2017 10:19:25 PM
....It is the longest winning streak for the share index since January 1987. Analysts said Wall Street was buoyed by hopes the US president would set out more on his spending and tax plans in a speech to Congress on Tuesday. ...
Trump lays out hike in military spending image
Source : BBC [Read Article] Monday 27th of February 2017 09:03:25 PM
.... . The president has consulted government agencies about his plans and will present his budget to Congress in May. ...
MWC 2017: Sony launches slow-mo Xperia XZ Premium phone image
Source : BBC [Read Article] Monday 27th of February 2017 07:45:47 AM
....Apple, Samsung, LG and Xiaomi are among those to have used its technology in recent handsets. The new phone was unveiled alongside several lower specification devices on the first day of the Mobile World Congress trade show in Barcelona. ...
MWC 2017: Samsung unveils two new tablets but no phone image
Source : BBC [Read Article] Sunday 26th of February 2017 08:18:09 PM
. Samsung has, for the first time since 2013, opted not to unveil a flagship Galaxy S smartphone at the Mobile World Congress tech show. ...
MWC 2017: Google brings Assistant to more Android phones image
Source : BBC [Read Article] Sunday 26th of February 2017 12:47:07 PM
....But other virtual assistants are out there. At the Mobile World Congress tech show in Barcelona, Lenovo Moto revealed that Amazon's Alexa assistant would be coming to the Moto Z phone. ...
MWC 2017: LG G6 phone wants to run two apps at once image
Source : BBC [Read Article] Sunday 26th of February 2017 12:28:32 PM
....But the G6 has shunned the modular design of its predecessor meaning it no longer supports slide-in hardware enhancements. The device was unveiled a day ahead of the Mobile World Congress trade show in Barcelona. ...
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MWC 2017: LG G6 phone is made for split-screen apps image
Source : BBC [Read Article] Sunday 26th of February 2017 12:03:56 PM
.... One analyst said the change in strategy was wise. The new device was unveiled in Barcelona ahead of the opening of the Mobile World Congress (MWC) trade show. ...
MWC 2017: Blackberry revives classic keyboard phone image
Source : BBC [Read Article] Sunday 26th of February 2017 12:18:56 AM
....The company now licenses the brand for its devices, after Blackberry decided to outsource the development and manufacture of its smartphones. The device was unveiled ahead of the start of the Mobile World Congress trade show in Barcelona. ...
Trump's Treasury Secretary targets tax reform 'by August' image
Source : BBC [Read Article] Thursday 23rd of February 2017 05:37:58 PM
. US Treasury Secretary, Steven Mnuchin, has promised "very significant" tax reform before the Congressional break in August. ...
Donald Trump, the master of unreality, must be resisted at every turn | Joseph Stiglitz image
.... Not surprisingly, citizens and leaders in business, civil society, and government are struggling to respond appropriately and effectively. Any view regarding the way forward is necessarily provisional, as Donald Trump has not yet proposed detailed legislation, and Congress and the courts have not fully responded to his barrage of executive orders. ...
Deutsche Bank examined Trump's account for Russia links image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:00 PM
Trump's changed stance on Nato, will he sober up about IMF and WTO? | Barry Eichengreen image
....The real test of Trump’s stance on multilateralism will be how he approaches the WTO. Persuading the US Congress to agree on corporate and personal income-tax reform, a $1tn infrastructure initiative, and a replacement for Obama’s signature health-care reform won’t be easy, to say the least. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
. Dueling senators turned the Federal Reserve chairwoman’s first testimony before Congress since the election of Donald Trump into a row over Republican plans to defang Dodd-Frank, the financial regulation brought in after the Great Recession. ...
Booming gig economy costs £4bn in lost tax and benefit payouts, says TUC image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:01:36 AM
. The rapid rise in insecure work in the UK is costing the government almost £4bn a year in lost tax income and benefit payouts, according to new research into the gig economy by the Trades Union Congress. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....”’. Congressman Maxine Waters of California, the top Democrat on the House financial services committee, called Mnuchin “the foreclosure king”. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
....What’s happened is this. Both houses of Congress have voted to gut a law that would have forced US oil, gas and mining companies to disclose their royalty, licensing and other payments to foreign governments. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
....Wall Street is making some big bets on Donald Trump. One of the biggest is that the US president can persuade Congress to unravel the Dodd-Frank Act that he believes ties the financial services industry in knots. ...
Voting for Brexit hasn’t saved us from secretive trade deals image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
....Donald Trump’s new secretary of state, Rex Tillerson, won millions of dollars for ExxonMobil in secret arbitration deals when he was boss of the sprawling energy firm. Trump’s nominee for commerce secretary, Wilbur Ross, has already told Congress that he wants to present other countries with a “take it or leave it” trade model that includes stronger “enforcement mechanisms”, which very plausibly sounds like a more extreme version of the current secret courts system. ...
Wall Street suffers worst day in months following Trump travel ban image
Source : Guardian [Read Article] Monday 30th of January 2017 06:26:31 PM
....“The market is reacting negatively right now because of the uncertainty that it creates,” said Robert Pavlik, chief market strategist at Boston Private Wealth. “If it can pull more Republicans off of the president’s following and maybe weaken his strength in Congress then you start to wonder about the other initiatives that may not get passed. ...

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