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Asian shares touch four-month high, dollar sags on Fed’s relaxed views

Asian shares touched four-month highs while the dollar sagged on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere has underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump's policies have put global markets on edge. “With many of his cabinet members still not approved, including (incoming Treasury Secretary Steven) Mnuchin…

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Asian shares touch four-month high, dollar sags on Fed’s relaxed views

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Citigroup may benefit less from tax cuts than other U.S. banks

Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. At the same time, Citigroup may have…

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Citigroup may benefit less from tax cuts than other U.S. banks

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U.S. to continue appeal of iPhone data case in New York

Just two weeks ago, the government dropped its effort to require Apple to crack an iPhone used by one of the shooters in the December attacks in San Bernardino, California, saying it had unlocked the phone without Apple's help. Some observers thought the government would back away from the New York case too, since the suspect has already pleaded guilty.

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U.S. to continue appeal of iPhone data case in New York