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Trump's 'big announcement' on tax to be broad principles: official

Sat, 22 Apr 2017 17:39:37 -0400

WASHINGTON (Reuters) - President Donald Trump's promised "big announcement" next week on overhauling the U.S. tax code, a top campaign pledge, will consist of "broad principles and priorities," an administration official said on Saturday.(image)

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

Sat, 22 Apr 2017 17:39:37 -0400

WASHINGTON (Reuters) - 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.(image)

IMF members set aside trade split as French vote rattles nerves

Sat, 22 Apr 2017 18:25:27 -0400

WASHINGTON (Reuters) - International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election.(image)

Germany not worried by U.S. corporate tax reform plans: Schaeuble

Sun, 23 Apr 2017 04:13:25 -0400

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the United States he told German magazine Wirtschaftswoche on the sidelines of the IMF and World Bank spring meetings in Washington.(image)

LafargeHolcim CEO to step down over Syria investigation: source

Sun, 23 Apr 2017 09:26:53 -0400

ZURICH (Reuters) - LafargeHolcim is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, a source familiar with the matter said on Sunday.(image)

Wall Street gears up for busiest earnings week in years

Sat, 22 Apr 2017 11:30:24 -0400

NEW YORK (Reuters) - Forget about French elections or the flagging Trump trade.(image)

Japan's Aso pushes back on U.S. call for scrutiny of currency moves

Sat, 22 Apr 2017 17:07:50 -0400

WASHINGTON (Reuters) - Japanese Finance Minister Taro Aso said on Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington's calls to have more rigorous IMF scrutiny of currency moves.(image)

United CEO Munoz will not chair board in 2018 following passenger furor

Fri, 21 Apr 2017 21:37:53 -0400

NEW YORK (Reuters) - United Continental Holdings Inc said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger.(image)

Two big California pension systems oppose nine Wells Fargo directors

Fri, 21 Apr 2017 20:58:12 -0400

BOSTON (Reuters) - Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal.(image)

U.S. judge sentences Volkswagen to three years probation, oversight

Fri, 21 Apr 2017 22:39:57 -0400

DETROIT (Reuters) - A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January.(image)