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US House OKs tax overhaul, but stumbles on details

WASHINGTON: Republicans in the U.S. Congress hit a last-minute snag on Tuesday in their drive to approve the biggest tax code rewrite in 30 years, requiring another vote on Wednesday and delaying what would be their first major legislative win under President Donald Trump.

Global stocks, US$ climb as House OKs tax overhaul

NEW YORK: U.S. stocks rose and the dollar edged higher against a basket of major currencies on Thursday after the U.S. House of Representatives passed its version of a tax overhaul bill.

South Korea parliament OKs extra 11 trln won budget as Moon eyes more jobs

SEOUL: South Korea's parliament on Saturday approved the government's supplementary budget, giving President Moon Jae-in an early victory in his push to create jobs and boost economic growth since he came to power in May.

Monte dei Paschi OKs early revamp ahead of state bailout

MILAN: Struggling Italian bank Monte dei Paschi di Siena has approved a long-awaited preliminary restructuring plan that must now be cleared by European authorities for the lender to be granted a state bailout.

Malaysian palm oil.Vegoils: Market factors to watch Thursday Jan 5

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tursday Jan 5.

Japan OKs US$26bil extra budget to fund stimulus spending

TOKYO: The Japanese government on Friday approved a US$26bil extra budget for the current fiscal year to fund stimulus spending and help pull the economy out of recession.

Palm oil/Vegoils: Market factors to watch Nov 10 Monday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.

Apple expands buybacks by $30 bln, OKs stock split

SAN FRANCISCO: Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.

US FDA ok's new generation heart pacing devices

BOSTON: U.S. health regulators have approved four Boston Scientific Corp implantable devices for heart patients, including a next generation of smaller defibrillators to treat abnormal heart rhythms, the company said on Tuesday.