Obama to deliver statement on economy Tuesday, after inversions move

WASHINGTON (Reuters) - President Barack Obama will deliver a statement at 12:15 ET on Tuesday on the economy following Monday's Treasury Department announcement on corporate tax inversions, the White House said.

The U.S. Treasury Department took new steps to curb tax-avoiding corporate "inversions" late on Monday that threw a series of proposed mergers into question, including Pfizer Inc's $160 billion agreement to buy Allergan Plc.

(Reporting by Timothy Gardner and Lindsay Dunsmuir)

You May Also Be Interested In

• European shares muted as higher oil prices counter bond recovery
• Skanska to build four US data centres for $1.2 billion
• Treasury's upsized buybacks may complicate Fed's monetary policy work