BEIJING – China has confidence in its economic relations with the United States going forward and will continue to open up and provide broader market access, Vice Foreign Minister Zheng Zeguang said on Friday. Zheng was speaking at a briefing about next week’s visit to China by President Donald Trump."China says confident in economic relations with U.S. ahead of Trump visit"
WASHINGTON – U.S. President Donald Trump said on Thursday ending so-called chain migration, which allows legal immigrants to apply for relatives abroad to come to the United States, would be part of any legislation to help young immigrants brought to the country illegally as children. “Yes it will be part of a DACA deal,” Trump said in an interview with Fox News Channel, referring to the Deferred Action for Childhood Arrivals program that benefits the…"Trump says ending chain migration will be part of a DACA deal: Fox interview"
WASHINGTON/PHNOM PENH – Just days after the killing of a prominent Cambodian government critic last year during a crackdown by the country’s longtime leader, President Barack Obama dispatched Washington’s chief human rights envoy to Phnom Penh to attend the activist’s funeral. In meetings with Cambodian authorities, then-Assistant Secretary of State Tom Malinowski warned the military not to intervene in the political turmoil or else crucial U.S. ties would suffer, sending a clear message that America…"With ‘America First,’ Trump mutes U.S. voice on human rights in Asia"
CHICAGO – The U.S. House Republican tax bill released on Thursday would put an end to tax-exempt debt issuance by state and local governments for an array of health care, education, and economic development financing, which took municipal market participants by surprise. The proposed elimination of low-cost funding through private activity bonds, which many in the $3.8 trillion U.S. municipal market were not expecting, would raise nearly $39 billion for the federal government over the…"Republican tax bill seeks elimination of some municipal debt"
NEW YORK – U.S. money managers with reinsurance companies in Bermuda and the Cayman Islands could lose a valuable loophole under Republican proposals to overhaul the tax code unveiled on Thursday. The plan includes a 20 percent excise payment on payments from domestic firms to foreign affiliates that could affect private equity firms and hedge funds that have overseas reinsurance operations. The proposal would effectively kill the so-called Bermuda reinsurance loophole under which money managers…"U.S. tax plan threatens Wall Street’s Bermuda idyll"
– Republicans in the U.S. House of Representatives on Thursday released details of a 429-page tax bill that calls for slashing taxes on corporations, along with many other changes affecting individuals, families and businesses. Based on publicly released documents and comments from Republican lawmakers, here are the bill’s main features, which are expected to change as the tax debate unfolds in weeks ahead. CORPORATE TAXES * Permanently reduces the U.S. corporate income tax rate to…"Factbox: What’s in tax bill from Trump, House Republicans?"
– A New Jersey man who worked at the World Trade Center, a young New Yorker, a Belgian mother of two, and five Argentines celebrating their high school graduation 30 years ago were killed in the truck attack on a New York City bike path. Twelve other people were injured in Tuesday’s attack in lower Manhattan by an Uzbek immigrant who allegedly drove the truck onto the path along the Hudson River. It was the…"Factbox: Belgian mother of two, young New Yorker among victims of truck attack"
WASHINGTON – A U.S. judge on Thursday ordered President Donald Trump’s former campaign manager Paul Manafort to remain under home arrest and wear an electronic monitoring device for now as he awaits a tentative trial date on money-laundering and other charges. Manafort, who ran Trump’s presidential campaign for several months last year, and his associate Richard Gates pleaded not guilty on Monday to a 12-count indictment. The charges include conspiracy to launder money, conspiracy against…"U.S. judge orders former Trump aides to stay under home arrest"
WASHINGTON – U.S. President Donald Trump on Thursday agreed to expand the use of disaster aid to help rebuild Puerto Rico’s power grid and other infrastructure wrecked by Hurricane Maria, the White House said. In a unique agreement recognizing both the massive devastation on the island and its dire financial problems, aid from the Federal Emergency Management Agency (FEMA) for infrastructure projects will be released in a faster, more flexible way than is typical after…"Exclusive: Trump boosts disaster aid for Puerto Rico rebuild"
– A Republican tax bill unveiled on Thursday included cuts to renewable energy tax credits considered critical to enabling wind projects to compete with fossil fuel plants, but tax breaks for solar power were left largely intact. The credits, which receive broad bipartisan support, were extended by Congress less than two years ago. The wind industry decried the proposal, saying it put $50 billion in planned investment at risk, while the solar sector expressed relief…"Republican tax bill hits wind power, solar largely unscathed"