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Tax Changes for Overseas Cash Could Ripple Through Markets

Tax Changes for Overseas Cash Could Ripple Through Markets

A provision in the GOP tax plan giving U.S. companies a one-time cut for repatriation of earnings held overseas could ripple through financial markets, including currencies, foreign savings vehicles and dollar funding for global banks.

Published 1 month ago

Supreme Court to Hear Arguments Over Sports-Betting Ban

Supreme Court to Hear Arguments Over Sports-Betting Ban

A U.S. Supreme Court case next week could dramatically reshape the landscape of American sports betting, with major ramifications for casino operators and European betting shops, as well as professional sports leagues and college athletics.

Published 1 month ago

Infosys poaches rival Capgemini executive as CEO

Infosys poaches rival Capgemini executive as CEO

Indian IT group seeks to regain stability with appointment of outsider Salil Parekh

Published 1 month ago

Drive to Halt Insults Against Islam Gains Political Clout in Pakistan

Drive to Halt Insults Against Islam Gains Political Clout in Pakistan

An emerging religious movement is gaining political clout in Pakistan around the incendiary issue of blasphemy—statements or actions against Islam—posing a particular challenge to the country’s leadership.

Published 1 month ago

Senate Passes Sweeping Revision of U.S. Tax Code

Senate Passes Sweeping Revision of U.S. Tax Code

Republicans navigated a thicket of internal divisions over deficits and other issues to pass the bill, which included about $1.4 trillion in tax cuts and would reduce the corporate rate to 20% from 35%.

Published 1 month ago

In Tax Fight, Deficit Hawks Go Down

In Tax Fight, Deficit Hawks Go Down

Deficit hawks emerged Friday among the losers in Republican efforts to pass a major tax overhaul.

Published 1 month ago

On a Big Day, Flynn Grabs the Spotlight

On a Big Day, Flynn Grabs the Spotlight

It looked to be a triumphant day for President Donald Trump, with the Senate poised Friday to take another big step toward passing a tax bill. But Friday’s events took an ominous turn for the White House when former national security adviser Michael Flynn pleaded guilty to lying to federal agents.

Published 1 month ago

In Plea Deal, Flynn Acknowledges Working for Turkish Government

In Plea Deal, Flynn Acknowledges Working for Turkish Government

Former national security adviser Mike Flynn revealed Friday that private consulting work he undertook while advising Donald Trump’s presidential campaign was directed and supervised by Turkish government officials, something people involved in the project have denied for months.

Published 1 month ago

US regulator gives green light for bitcoin futures trading

US regulator gives green light for bitcoin futures trading

CME, CBOE and Cantor pass hurdle in preparing derivatives on volatile cryptocurrency

Published 1 month ago

Lawmaker Used Taxpayer Fund to Pay Sexual-Harassment Settlement

Lawmaker Used Taxpayer Fund to Pay Sexual-Harassment Settlement

Rep. Blake Farenthold, a Texas Republican, used a taxpayer fund to settle a sexual harassment claim by an employee three years ago, court documents and Congressional data show.

Published 1 month ago