ExxonMobil expects to resume paying Australian corporate tax in 2021
MELBOURNE (Reuters) – ExxonMobil Corp said on Wednesday it is likely to resume paying corporate tax in Australia only in 2021, after recouping billions of dollars in investments made in the country in the past decade.
U.S. airline industry primed for springtime boost: trade group
NEW YORK (Reuters) – U.S. airlines will carry an all-time high number of passengers this spring, an industry trade group forecast on Wednesday, as increased competition and persistently lower fares make flying more accessible to the general public.
Asian shares slip as Tillerson exit, tariffs raise protectionism fears
SYDNEY (Reuters) – Asian shares faltered on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and sought to impose hefty tariffs on Chinese imports.
Oil edges up on strong China data, but rising U.S. output caps gains
SINGAPORE (Reuters) – Oil prices edged up on Wednesday after posting two days of declines at the start of the week.
Broadcom to end bid for Qualcomm, keeps plan to move to U.S.: sources
(Reuters) – Singapore-based Broadcom Ltd is planning to scrap its bid for Qualcomm Inc , after U.S. President Donald Trump blocked the chipmaker’s proposed acquisition on national security grounds earlier this week, although it will press on with its …
Goldman’s Solomon sets out to prove bank’s revenue engine can roar again
NEW YORK (Reuters) – Before Goldman Sachs Group Inc operating chief David Solomon takes the next step in his career, the 56-year-old banker will have to prove that a strategy he has championed to increase annual revenue by $5 billion can actually work…
Trump eyes tariffs on up to $60 billion Chinese goods; tech, telecoms, apparel targeted
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump adminis…
Oil prices stable after two-day decline, but rising U.S. output drags
SINGAPORE (Reuters) – Oil prices stabilized on Wednesday after posting two days of falls at the start of the week.
Asian shares slip on U.S. protectionism fears
SYDNEY (Reuters) – Asian shares eased on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and eyes hefty tariffs on Chinese imports.
Bank fee potential slashed as Trump ends Broadcom’s Qualcomm takeover
NEW YORK (LPC) – A dozen banks that signed on to provide a record US$100bn bridge loan to back Broadcom Ltd’s planned US$117bn takeover of Qualcomm Inc will earn starkly less than planned for extending credit to the chipmaker after US President Donald …
