July 22 (Reuters) - Indonesia will drop tariffs to zero on more than 99% of its trade with the United States and will also eliminate all non-tariff barriers for American goods in a deal that cuts threatened U.S. tariffs on Indonesian products to 19% from an initial 32%, a senior Trump administration official said on Tuesday.
Indonesia will immediately drop its plans to levy tariffs on internet data flows and will support renewal of a longstanding World... (continue reading...)
By Nathan Vifflin
AMSTERDAM (Reuters) -Computer chip equipment maker ASM International reported second-quarter bookings below market expectations on Tuesday, citing uneven order timing from chipmakers making advanced chips.
The Dutch firm said order intake was "lumpy" and it expects orders from those chipmakers to pick up again in the third quarter.
Analysts consider ASM one of the firms best positioned for the coming years as... (continue reading...)
By Pete Schroeder
WASHINGTON (Reuters) - The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday.
At the conference in Washington, regulatory officials, bankers, industry lawyers and other experts discussed a range of tougher bank rules put in place after the 2008 financial crisis, and ways to refine them. The outcome could save large banks billions of... (continue reading...)
WASHINGTON (Reuters) -The U.S. State Department on Tuesday confirmed the death of a U.S. citizen last week in the predominantly Druze region of Sweida, where hundreds of people have been reported killed in clashes.
State Department spokesperson Tammy Bruce said Hosam Saraya, adding that the U.S. was providing consular assistance to the family. She declined to provide further details. ABC News earlier reported that friends and family of Saraya, a... (continue reading...)
By Pete Schroeder and Saeed Azhar
WASHINGTON (Reuters) -Senator Elizabeth Warren has warned BNY that its reported interest in a merger with Northern Trust could violate federal banking laws, saying any potential deal between the two large custody banks raises antitrust concerns.
Warren, the top Democrat on the Senate Banking Committee and a longtime big bank critic, told BNY CEO Robin Vince in a letter sent Tuesday that such a deal, which... (continue reading...)
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