Trump's tax plan has gaping holes
The Economist says the danger with the Administration's plan is a tax cut that principally benefits the rich and that is paid for with more borrowing.
The Economist says the danger with the Administration's plan is a tax cut that principally benefits the rich and that is paid for with more borrowing.
Even a surge in government borrowing with so-called "good debt" could potentially weaken Australia's hold on its AAA credit rating.
A Chinese court has ordered five shoe makers and sellers to pay fines for using the US shoemaker's signature "N" logo.
Reserve Bank of Australia governor Philip Lowe has backed China's refusal to fully liberalise the flow of capital in and out of its economy.
In a surprise move, Sweden's central bank extended its bond buying programme and slightly delayed future rate hikes.
Mario Draghi says the recovery in the euro-zone economy has turned to "solid and broad" from "fragile and uneven".
Australia's banks are in good shape but the "housing bubble" debate could still spook foreign investors, Aberdeen says.
Trump hardliners had favoured a threatened withdrawal as soon as this week, while others had advocated a more measured approach to reopening negotiations with Canada and Mexico.
Donald Trump's tax plan faces months of debate and is poised to test a key Republican adage: "deficits don't matter".
There should be no more talk about the risk an Australian deflationary spiral requiring the record low cash rate to be cut even further
President Donald Trump is likely to sign an executive order formally withdrawing the US from Nafta, officials say.
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