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Added on the 17/03/2015 22:28:17 - Copyright : Reuters EN
Tourists hurt by the strong dollar spent less at its U.S. stores. Existing store sales fell in every region around the world, except Japan. Fred Katayama reports.
The world's largest package delivery company grew its quarterly profit despite a decline in revenue. It sees holiday shipments rising 10 percent. Fred Katayama reports.
Oracle stock fell after a big earnings miss blamed on the dollar. Stocks moved modestly higher after the Fed said the U.S. economy could withstand a rise in interest rates. Bobbi Rebell reports.
According to Business Insider, on Thursday, President Donald Trump responded to a town hall question about a New York Times report which revealed that he only paid $750 in federal income taxes in 2016 and 2017. The report also revealed that Trump paid no income tax in 11 of the 18 years of tax documents that they reviewed. Trump refuses to release his tax returns, saying it's because he is under audit, although there are no rules against it. He also accused the Internal Revenue Service of treating him unfairly. When it comes to his debt, Trump did not deny having $400 million worth of it. He said, "Four-hundred million dollars compared to the assets that I have, all of these great properties all over the world." Trump added, "The amount of money – $400 million, is a peanut." The president did not say to whom he owed the 400 million to, but claimed that he did not owe any money to Russia.
Sales dropped at Coca Cola on weak demand for its soft drinks in Europe, and a strong dollar that hurt revenue in other global markets. Bobbi Rebell reports.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.