US$ slips on fears over tax reform trouble
London
THE US dollar slipped to a one-week low against the yen on Wednesday, weighed down by worries over possible delays to US President Donald Trump's tax reform plans, evidence of his waning popularity as well as lower Treasury yields.
The Washington Post, citing unidentified sources, reported on Tuesday that Senate Republican leaders are considering a one-year delay in the implementation of a major corporate tax cut to comply with Senate rules.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bank of Japan upbeat on consumption, service price outlook
Brokers’ take: KGI initiates Winking Studios with ‘outperform’, S$0.34 target price
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut
Cromwell E-Reit posts 10.2% drop in indicative Q1 DPU to 3.505 euro cents