US dollar struggles as tax bill doubts grow
London
THE dollar declined for a second consecutive day on Tuesday as investors took the view that a major US tax overhaul would be unlikely to boost the economy significantly, with most major currencies trading in tight ranges in a relatively thin market.
World stock markets have roared ahead on US tax cut hopes, but the greenback has remained muted. Traders believe most of the positive impact of the cuts to corporation tax have already been priced in, while expectations that the reform would trig…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB