Business

Reuters poll: Major U.S. tax cuts not likely this year - economists

BENGALURU (Reuters) - U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to th

Business

Soros, Cohen among big name investors betting on Argentine startups

BUENOS AIRES (Reuters) - The founder of mobile banking startup Uala, Pierpaolo Barbieri, says that just a few years ago big name investors would never have put their money in early stage companies like his in Argentina.Now, in what he says is a sign of c

Business

Mark Cuban says tax rates have almost no impact on investment

NEW YORK (Reuters) - Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions.

Business

Mexico bristles at U.S. proposal that would benefit AT&T in NAFTA

MEXICO CITY (Reuters) - Mexico shot down a proposal by the United States to include provisions in the North America Free Trade Agreement that would benefit AT&T Inc , Mexico's Economy Minister Ildefonso Guajardo said on Wednesday.

Business

China widens foreign access to its giant financial sector

BEIJING (Reuters) - China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world's second-biggest economy seeks to position itself as a major global f

Business

TPP countries to discuss agreement in principle on trade deal: Japan

DANANG, Vietnam (Reuters) - The remaining 11 countries in the Trans Pacific Partnership (TPP) trade deal will discuss a proposal for an agreement in principle to proceed after the withdrawal of the United States, Japanese Economy Minister Toshimitsu Moteg

Business

U.S. factory orders rise, core capital goods orders revised higher

WASHINGTON (Reuters) - New orders for U.S.-made goods rose for a second straight month in September and orders for core capital goods were stronger than previously reported, suggesting manufacturing activity was gathering momentum.

Business

U.S. job growth seen surging after storm-related disruptions

WASHINGTON (Reuters) - U.S. job growth likely rebounded sharply in October after hurricane-related disruptions depressed employment in September, in a move that could seal the case for an interest rate increase from the Federal Reserve in December even as

Business

Central bankers on the move, but where's the inflation?

LONDON (Reuters) - Now the Bank of England has raised interest rates for the first time in a decade, it is beyond doubt major central banks in industrialized economies are eager to shift away from ultra-easy policy.

Business

U.S. third-quarter productivity fastest in three years

WASHINGTON (Reuters) - U.S. worker productivity increased at its fastest pace in three years in the third quarter, holding down labor costs, but the trend in productivity growth remained moderate.

Business

U.S. jobless claims fall to near 44-1/2-year low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations of a sharp rebound in job growth in October after employment was depressed by hurricane-related disruptions i

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