SINGAPORE - Asian currencies rose yesterday as the dollar fell after US President Donald Trump’s inauguration speech disappointed some investors who were looking for more details on his plans for fiscal stimulus.
GENEVA- The United Nations expects global economic growth to rise to 2.7 percent this year and 2.9 percent in 2018, up from 2.2 percent in 2016, and said Brexit and US President-elect Donald Trump’s tax policies could have adverse effects.
NEW YORK. —Deutsche Bank (DBKGn.DE) (DB.N) finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said.
WASHINGTON- A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost.
Most Southeast Asian stock markets including the Philippines inched higher on Wednesday as investors picked up exporter shares after US President-elect Donald Trump expressed concerns over a stronger dollar.
WASHINGTON- General Motors Co yesterday confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier.
LONDON-British American Tobacco has agreed a $49.4 billion takeover of US rival Reynolds American Inc . creating the world’s biggest listed tobacco company after it nudged up an earlier offer by more than $2 billion.
TOKYO- The Bank of Japan raised its economic assessment for three of the country’s nine regions and maintained its optimism on the remaining areas in a quarterly report, underscoring brighter prospects for the world’s third-largest economy.
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