Business & Economy

Doubts arise on whether corporate tax cut would boost growth

“We’re going to have magnificent growth,” President Donald Trump says of his proposal for slashing the corporate tax rate. “We’re going to have magnificent growth,” President Donald Trump says of his proposal for slashing the corporate tax rate. Photo: Evan Vucci, STF FILE – In this Thursday, Sept. 14, 2017, file photo, President Donald Trump talks with reporters after landing ...

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Philip Rycroft: The man now in a ‘pivotal’ Brexit role

Image copyright UK government Image caption Philip Rycroft has been promoted to the role of permanent secretary Pressure from Scottish and Welsh governments, and the upheaval in Whitehall, have put a former Scottish government official into a vital role in brokering deals. Philip Rycroft has been promoted to the role of permanent secretary in the Department for Exiting the European ...

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Business/Economy – Los Alamos Monitor

Business/EconomyLos Alamos MonitorWASHINGTON (AP) — Here’s some pressure for lawmakers: If they don’t reach agreement on extending soon-to-expire Bush-era tax cuts, nearly all their constituents back home will get big tax increases. A typical family of four with a household income of …

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European business group calls on China to open economy

A European business group has called on China to open up the state-dominated economy if it wants to reverse falling foreign investment inflows. Releasing the European Union Chamber of Commerce’s annual position paper, the lobby group’s president Mats Harborn said a forthcoming Communist Party congress, at which president Xi Jinping is expected to copper-fasten his grip on power, might see ...

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Push for Nafta Overhaul May Fall Short, U.S. Negotiator Says

But reaching an accord looks increasingly difficult as the administration continues to push for ambitious changes that rankle Mexican and Canadian counterparts. Those include setting new requirements for the use of American-made goods and lowering barriers to exporting American agricultural products. The White House is particularly eager to show progress on the trade agenda — one of President Trump’s signature ...

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Loonie drops sharply as BoC eyes impact of currency

A subtle warning from the Bank of Canada that it’s tracking the surging Canadian dollar has taken some lift out of the currency. The dollar fell nearly a full cent Monday to 81.3 cents (U.S.) after deputy governor Timothy Lane told an audience in Saskatoon that the central bank is paying “close attention” to how the economy is responding to ...

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Bank of Canada says its keeping close tabs on rise of protectionist trade attitudes

The Bank of Canada raised its key interest rate target earlier this month, a move that was followed by the big Canadian banks raising their prime rates.   (Adrian Wyld / THE CANADIAN PRESS file photo)   By The Canadian Press Mon., Sept. 18, 2017 SASKATOON—A senior Bank of Canada official said Monday the central bank is seeing encouraging signs that exports ...

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UAE’s non-oil contribution to GDP to swell to 80% by 2021

Sultan Bin Saeed Al Mansouri, Minister of Economy, UAE; Mohammad Shi’a Al Sudani, Minister of Industry and Minerals, Iraq; and Mohammad Thani Al Rumaithi, (left), president of the Abu Dhabi Chamber of Commerce and Industry are seen during the UAE-IRAQ Trade & Investment Forum at Bab Al Qasr Hotel in Abu Dhabi on Monday. Abu Dhabi: The UAE’s non-oil contribution ...

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Saudi PIF to host top ‘Future Investment Initiative’ forum

Saudi Arabia’s Public Investment Fund (PIF) announced the launch of the Future Investment Initiative (FII) under the patronage of King Salman bin Abdulaziz on Monday. Hosted and organized by PIF, Saudi Arabia’s main investment arm and one of the world’s leading sovereign wealth funds, the FII will take place from October 24-26 2017 in Riyadh. It will be a game-changing ...

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