EU takes Ireland to court for not claiming Apple tax windfall EU takes Ireland to court for not claiming Apple tax windfall:- The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) […]
U.S. lawmakers seek to shut banks that harm consumers U.S. lawmakers seek to shut banks that harm consumers:- U.S. House Democrats introduced legislation on Wednesday to direct banking regulators to review operations at the country’s largest banks and consider shutting them down if they exhibit repeated wrongdoing to consumers. The […]
Trump to keep Obama rule curbing corporate tax inversion deals Trump to keep Obama rule curbing corporate tax inversion deals:- The Trump administration will keep for now an Obama-era rule that helped halt a wave of U.S. corporations moving abroad via tax-driven corporate inversion deals, it said on Wednesday, but […]
Global stocks hit fresh highs, dollar slips despite data A gauge of global stocks and Wall Street rallied to fresh highs on Wednesday on encouraging growth worldwide, while the dollar fell even as data revealed an accelerating U.S. service sector that could lead to higher interest rates in December. The […]
U.S. business groups say WTO unable to curb many Chinese trade practices U.S. business groups say WTO unable to curb many Chinese trade practices:- U.S. business groups expressed frustration on Wednesday with what they said are China’s efforts to tilt the economic playing field in favor of domestic companies, adding […]
Wall St. extends run of record highs, services data upbeat Wall St. extends run of record highs, services data upbeat:- Wall St. extends run of record highs, services data upbeatU.S. stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added […]
U.S. budget deficit could obstruct Trump’s tax cut plan U.S. budget deficit could obstruct Trump’s tax cut plan:- The U.S. budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald Trump and top congressional Republicans, with one leading Senate hawk saying […]
U.S. regulator eases part of new mortgage servicing rules U.S. regulator eases part of new mortgage servicing rules:- The U.S. regulator for mortgage servicers on Wednesday loosened the timing requirements for communicating with struggling borrowers under new rules that take effect later this month to help prevent wrongful home foreclosures. […]
U.S. financial regulator must beef up cyber security U.S. financial regulator must beef up cyber security:- The U.S. Consumer Financial Protection Bureau (CFPB), one of Wall Street’s top regulators, must strengthen its protections against hacking, according to a report the agency’s internal inspector released on Wednesday as the financial sector […]
Zika vaccine shows promise in early human trial A DNA-based Zika vaccine from Inovio Pharmaceuticals Inc and South Korea’s GeneOne Life Science Inc induced anti-Zika immune responses in an early stage human trial, U.S. researchers reported on Wednesday. Unlike conventional vaccines, which often use inactivated or killed versions of a […]
