Japan’s Aso pushes back on U.S. call for scrutiny of currency moves
WASHINGTON (Reuters) – Japanese Finance Minister Taro Aso said on Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington’s calls to have more rigorous IMF scrutiny of currency moves.
IMF members delete anti-protectionism pledge, keep currency commitments
WASHINGTON (Reuters) – Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism.
Trump’s ‘big announcement’ on tax to be broad principles: official
WASHINGTON (Reuters) – President Donald Trump’s promised “big announcement” next week on overhauling the U.S. tax code, a top campaign pledge, will consist of “broad principles and priorities,” an administration official said on Saturday.
Mnuchin urges IMF to enhance FX surveillance
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Saturday called on the International Monetary Fund to enhance surveillance of its members’ exchange rates and external imbalances, as large trade imbalances would hamper “free and fair” t…
Two big California pension systems oppose nine Wells Fargo directors
BOSTON (Reuters) – Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank’s annual meeting next week, citing the bank’s phony-account scandal.
U.S. Homeland Security probes possible abuse in Twitter summons case
SAN FRANCISCO (Reuters) – The U.S. Homeland Security Department’s inspector general said on Friday he was investigating possible abuse of authority in a case that triggered a lawsuit against the department by Twitter Inc .
United CEO Munoz will not chair board in 2018 following passenger furor
NEW YORK (Reuters) – United Continental Holdings Inc said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger.
Wall Street gears up for busiest earnings week in years
NEW YORK (Reuters) – Forget about French elections or the flagging Trump trade.
U.S., global financial leaders skirt trade frictions, tout collaboration
WASHINGTON (Reuters) – Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president’…
Trump sets U.S. tax reform announcement, orders tax rule review
WASHINGTON (Reuters) – President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bi…
