Author: Press Room

© Reuters. Investing.com– Most Asian currencies weakened on Thursday, tracking a recovery in the dollar as stronger-than-expected U.S. retail sales data brewed some uncertainty over the path of interest rates.  Mixed signals from high-level U.S.-China talks also dented sentiment. While Presidents Xi Jinping and Joe Biden flagged more communication between the two countries after a meeting on Wednesday, a comment from Biden- that Xi is a “dictator,” seemed likely to have irked Chinese authorities.  The fell 0.2% to 7.2601 against the dollar, also coming under pressure from data showing a sustained decline in Chinese .  The weakened past the 151…

The Senate passed a continuing resolution (CR) late Wednesday night to fund federal agencies into early next year, temporarily averting a government shutdown just before the holiday season.The bill passed with a vote of 87-11, with 10 Republicans voting no and only one Democrat. GOP Sens. John Cornyn and Tim Scott were absent for the vote.The CR passed in the House of Representatives on Tuesday by an overwhelming majority of 336-95.Senate Majority Leader Chuck Schumer, D-N.Y., described Wednesday as “a very, very good night for the American people” before announcing a government shutdown has been avoided.HOUSE PASSES BILL TO AVERT…

CHICAGO – NOVEMBER 1: Current federal tax forms are distributed at the offices of the Internal … [+] Revenue Service November 1, 2005 in Chicago, Illinois. A presidential panel today recommended a complete overhaul of virtually every tax law for individuals and businesses. (Photo Illustration by Scott Olson/Getty Images)Getty Images Taxpayers who participate in international transactions potentially subject themselves to a panoply of international information return filing obligations. Take this simple example. John, a U.S. citizen, establishes and funds a foreign grantor trust. After creating the trust, John also travels to the foreign jurisdiction and sets up a foreign bank…

Asian stocks lower as markets take in US economic data and Biden-Xi summit

© Reuters. A shopping mall and housing blocks under construction in the neighbourhood around the new Kunming South Railway Station, in Chenggong District of Kunming, Yunnan province, April 11, 2016. REUTERS/Brenda Goh/File Photo BEIJING (Reuters) – China’s state planner will step up efforts to attract foreign investment and improve consumption among low and mid-level income groups, a National Development and Reform Commission spokesperson said on Thursday. The world’s second-largest economy has struggled to mount a strong recovery after COVID as distress in the housing market, local government debt risks, slow global growth and geopolitical tensions have dented consumer and investor…

© Reuters. Eutelsat Communications (OTC:), following its merger with OneWeb, is setting its sights on delivering high-speed internet from space, a move that positions the company as a direct competitor to Elon Musk’s Starlink. The announcement made by CEO Eva Berneke on Wednesday underscores the firm’s strategic shift from traditional broadcast media toward telecommunications and connectivity sectors. Berneke expressed optimism about Eutelsat’s potential in this emerging market, despite the presence of formidable competitors such as Jeff Bezos and various Chinese government-backed satellite initiatives. Customers have been vocal about their desire for more competition in the space-based internet service industry to…

Brady declares $0.235 dividend

New Hampshire’s presidential primary will be held Jan. 23, state officials announced on Wednesday.The date had been in contention since the Democratic National Committee decided earlier this year to change its nominating calendar, which had long given New Hampshire the first primary slot after the Iowa caucuses. The new Democratic calendar puts South Carolina first, followed by New Hampshire and Nevada together on one day, then Georgia, then Michigan.But New Hampshire officials have made clear that they will refuse to abide by the D.N.C.’s decision. The state has a law requiring it to hold the first-in-the-nation primary, and additionally, the…

Israeli troops on Wednesday entered Gaza’s largest hospital, searching for traces of Hamas inside and beneath the facility. Officials from Israel and Gaza presented different accounts of what was happening at Al Shifa Hospital. US President Joe Biden said he believes the war will stop only when Hamas’ ability to kill and injure Israelis is degraded. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app KHAN YOUNIS, Gaza Strip (AP) — Israeli troops on Wednesday stormed into Gaza’s largest hospital, searching for traces of Hamas inside…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is the latest part of the FT’s Financial Literacy and Inclusion CampaignThe UK’s failures in teaching financial education will be the focus of an investigation by MPs, as they increase pressure on the government to strengthen provision in schools. Robin Walker, chair of the House of Commons education select committee, said on Wednesday that MPs would explore how financial education could be better incorporated in the national curriculum. He said much of the current teaching on the subject was not…