Gary Cohn to Resign as Trump Adviser After Dispute Over Tariffs
March 13, 2018

Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed.

Cohn didn’t mention the dispute in a statement distributed Continue reading

Goldman Takes One-Time $5 Billion Hit From New U.S. Tax Law
January 5, 2018

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

About two-thirds of the hit comes from the repatriation tax, while writing down Continue reading

Fitch Upgrades Philippines in Win for Duterte’s Economic Plans
December 11, 2017

Fitch Ratings raised the Philippines sovereign rating in a boost for President Rodrigo Duterte’s economic plans, which include a tax reform that’s set to strengthen the fiscal outlook.

The rating on the nation’s long-term foreign currency-denominated debt was raised one Continue reading

Banks Pine for Loan Growth as Clients Wait on Trumps Promises
October 19, 2017

President Donald Trump’s pledges to overhaul taxes, trade, infrastructure and health care may thrill some corporate leaders, but it’s causing many to delay expansions. That’s bad for banks.

Lending growth probably decelerated for a fourth straight quarter in the three Continue reading