Asian investors tread carefully with US tax reform
US President Donald Trump
Hong Kong - Egypt Today
Investors in Asia shifted nervously on Friday as Donald Trump's much-hyped tax-cut plans hung in the balance after a plan to push them through hit unexpected hurdles.
The Dow surged to new records on Wall Street as several key Republicans backed the controversial reforms, which the president says will fire up the US economy, fuelling hopes they could reach Trump's desk for signing by year's end.
However, a new projection showing the measure would add $1 trillion to the federal deficit, complicating Trump's argument the cuts would pay for themselves, saw three Republican senators -- Bob Corker, Jeff Flake and Ron Johnson -- withdraw their support until changes were made.
Republicans hold a narrow 52-48 Senate majority and three defectors would kill the bill.
- Monday ,11 December GMT 06:06 2017 Asian traders extend global rally after US jobs data, eyes on Fed
- Monday ,04 December GMT 06:58 2017 Dollar rises on US tax-cut progress but Flynn deal spooks traders
GMT 11:08 2017 Thursday ,21 December
Asian markets mostly down as tax cut euphoria wanesGMT 06:00 2017 Monday ,18 December
Asian markets jump as US tax cuts move step closerGMT 10:16 2017 Friday ,15 December
Asian markets down after Wall Street slips on tax reform fearsGMT 06:06 2017 Monday ,11 December
Asian traders extend global rally after US jobs data, eyes on FedGMT 06:58 2017 Monday ,04 December
Dollar rises on US tax-cut progress but Flynn deal spooks tradersRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 12:46 2017 Saturday ,28 October
Iraqi forces found a mass grave with relics of 50 personnel
GMT 13:38 2018 Wednesday ,17 October
Israeli jets attack in Gaza on response to rocket attack
GMT 17:57 2017 Tuesday ,02 May
Algerian Islamist leaders aspire to gain majority during elections
GMT 15:17 2017 Wednesday ,15 February
Austrian police arrest man who appeared in public as Hitler
GMT 17:52 2017 Sunday ,29 January
Dubai Ruler's Court mourns death of Sheikha bint Saeed Al Maktoum
GMT 22:47 2017 Monday ,01 May
Uruguay holds UN Security Council presidency for May
GMT 15:13 2015 Sunday ,26 July
Yemen rebel leader rejects coalition ceasefire
GMT 13:28 2017 Friday ,22 December
Iraqi troops killed six ISIS militants in Mousl
GMT 11:17 2017 Thursday ,30 November
3 Ways to Find the Best Interior Design Ideas
GMT 03:51 2017 Sunday ,23 April
Dubai-based YouTubeGMT 10:30 2012 Thursday ,31 May
Egyptian actress Shadia’s health stable
GMT 18:18 2016 Monday ,03 October
Mobily finalizes first phase of Qyady career development plan
GMT 09:02 2015 Friday ,20 March
US military chief grapples with Iraq again
GMT 00:23 2015 Saturday ,09 May
Turkey denies deal with Saudi on supporting Syria rebelsGMT 07:52 2012 Wednesday ,01 February
Delight, concern in UK over shaming of ex-RBS chief
GMT 16:48 2018 Thursday ,06 December
Erdogan says Turkey will hold Kanal Istanbul tender next year
GMT 15:54 2018 Sunday ,25 November
Iran condemns the terrorist attack with toxic gases on Aleppo
GMT 11:55 2018 Monday ,12 November
Israel’s Iron Dome intercepts two missiles launched from Gaza Strip
GMT 13:25 2018 Wednesday ,07 November
Moscow vows to challenge US actions should Russian state debt be sanctioned
GMT 15:35 2018 Tuesday ,30 October
"Bolsonaro" Not planning military incursion of Venezuela
GMT 16:44 2018 Monday ,22 October
Constantinople’s actions in Ukraine to trigger long-term rift, warns Serb patriarch
GMT 20:08 2013 Saturday ,31 August
Bahraini PM congratulated by Bahrain charity societyGMT 08:26 2013 Wednesday ,09 January
McDonald\'s Corp\'s Fred Turner diesGMT 09:18 2012 Wednesday ,06 June
Sensex closes above 16K-markGMT 19:29 2012 Tuesday ,18 December
Hamas and Islamic Jihad hold \'integration and unity\' meetings
GMT 04:37 2014 Saturday ,25 January
KPMG to pay $8.2m to settle SEC auditing charges
GMT 20:12 2017 Wednesday ,15 February
Trump denies talk of Russian connection as 'nonsense'
GMT 04:51 2016 Thursday ,29 December
Sisi inaugurates Nasr Floating Bridge in Port Said city
GMT 15:28 2018 Thursday ,27 September
Nick Conrad’s anti-white song causes furoreGMT 19:00 2012 Wednesday ,06 June
British woman \'dead\' in Nigeria plane crashGMT 10:03 2013 Thursday ,07 March
Scientists use brain electrodes to treat anorexia
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor