Storms impact U.S. job market trade expected to bolster economy Storms impact U.S. job market trade expected to bolster economy: The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to […]
Business
Business
Awaiting better days multinationals keep Venezuela units alive Awaiting better days, multinationals keep Venezuela units alive: Venezuelan auto worker Celso Nunez spends his days moonlighting as a mover and trading salvaged building materials in his worn-out red pick-up. His employer, Ford Motor Co (F.N), does not mind. In fact, it […]
Wall Street moves to Frankfurt as Brexit doubts grow Wall Street moves to Frankfurt as Brexit doubts grow: Some of the globe’s biggest banks have decided to rent more office space in Frankfurt, bolstering Germany’s financial hub after months of divorce talks between Britain and the EU have left London’s […]
Panel finds U.S. washing machine makers hurt by LG, Samsung imports Panel finds U.S. washing machine makers hurt by LG, Samsung imports: The U.S. International Trade Commission found on Thursday that surging imports of large residential washing machines harmed domestic producers, a major step toward the imposition of broad duties […]
New U.S. rule on payday loans to hurt industry New U.S. rule on payday loans to hurt industry, boost banks: Revenues for the $6 billion payday loan industry will shrivel under a new U.S. rule restricting lenders’ ability to profit from high-interest, short-term loans, and much of the business could […]
Bankrupt U.S. retailers begin to catch a break Bankrupt U.S. retailers begin to catch a break: An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. The new approach marks […]
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 […]
