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Asia stocks firm as markets mull Trump's tax plan
(AP Photo - Vincent Yu)
By KELVIN CHAN
From Associated Press
April 27, 2017 1:27 AM EST
HONG KONG (AP) — Asian shares were mostly higher Thursday as investors assessed the scant details of President Donald Trump's U.S. tax overhaul. Japan's central bank kept its monetary policy unchanged and forecasted steady growth for Asia's No. 2 economy.
In a report being issued Thursday about the April 9 dragging incident involving a passenger on an overcrowded United Express plane, United spelled out how it selects passengers for involuntary bumping.
DALLAS (AP) — United Airlines says it will raise the limit — to $10,000 — on payments to customers who give up seats on oversold flights and will increase training for employees as it deals with fallout from the video of a passenger being violently dragged from his seat.
WASHINGTON (AP) — President Donald Trump on Wednesday told the leaders of Mexico and Canada that he will not immediately pull out of the North American Free Trade Agreement, just hours after administration officials said he was considering a draft executive order to do just that.
PYONGYANG, North Korea (AP) — An acute shortage of gasoline in the North Korean capital of Pyongyang that has sparked price hikes and hoarding is raising fears of potentially crippling pain at the pumps if things don't get better soon — and driving rumors that China is to blame.
SEOUL, South Korea (AP) — Samsung Electronics reported its best quarterly profit in more than three years Thursday and forecast improvement for the full year as its semiconductor division posted its highest income ever.
NEW YORK (AP) — Giving workers a raise, investing in new machinery. Small business owners have long wish lists to choose from if the Trump administration's plan to lower tax rates becomes law — but most don't expect to go on a hiring binge.
WASHINGTON (AP) — The White House and congressional Democrats on Wednesday defused a tense standoff over payments for the working poor under the health care law, keeping a massive government spending bill on track just days ahead of a shutdown deadline.
CANBERRA, Australia (AP) — Australia's prime minister warned energy companies on Thursday that they would be restricted from exporting gas if Australians are not also provided with adequate supplies at internationally competitive prices.
SEOUL, South Korea (AP) — South Korea, Asia's fourth-largest economy, grew at the fastest clip in nearly a year thanks to recovery in exports, the central bank said Thursday, despite a backlash from Chinese consumers over the deployment of a U.S.
NEW YORK (AP) — ESPN is laying off about 100 employees, including former athletes-turned-broadcasters Trent Dilfer, Len Elmore and Danny Kanell, in a purge designed to focus the sports network on a more digital future.
WASHINGTON (AP) — Ivanka Trump has been involved in discussions with the World Bank about establishing a funding operation that would support female entrepreneurs, bank and administration officials said Wednesday.
AMIENS, France (AP) — Far-right presidential candidate Marine Le Pen turned an appliance factory into a battleground Wednesday for France's blue-collar vote, upstaging rival Emmanuel Macron with a surprise campaign stop at the plant threatened with closure.
WASHINGTON (AP) — President Donald Trump "has no intention" of releasing his tax returns to the public, Treasury Secretary Steve Mnuchin said Wednesday, asserting Americans have "plenty of information" about the president's financial matters.
NEW YORK (AP) — "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.
NEW HAVEN, Conn. (AP) — As a union push stalls at Yale University, organizers are stepping up pressure to bring the administration to the negotiating table, including a vow by some graduate students to go on a hunger strike until talks begin.
WASHINGTON (AP) — The Latest on President Donald Trump's tax overhaul (all times EDT): 2:45 p.m. Top Trump administration officials insist the president's proposed tax plan, which would slash corporate and individual tax rates, will not add to the deficit.