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By Nora Eckert and David Shepardson DETROIT/WASHINGTON (Reuters) -Republican presidential candidate Donald Trump on Thursday will propose making all interest on car loans fully tax-deductible and taking steps to prevent Chinese automakers from selling vehicles in the United States, according to excerpts of a speech seen by Reuters ahead of…
Trump announced a new tax proposal to appeal to car buyers and the auto industry.It took him a while to get to that. Along the way, he denigrated Detroit, where he was speaking.He also announced his daughter Tiffany was pregnant and mused about the word “grocery.” On Thursday, former President…
By Kane Wu, Scott Murdoch and Renju Jose HONG KONG/SYDNEY (Reuters) – A Blackstone-led consortium is taking out an around $A5.5 billion ($3.7 billion) loan package to help fund the A$24 billion AirTrunk buyout, two sources with direct knowledge of the matter said, as the U.S. firm increases its Asian…
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) -Royal Bank of Canada on Wednesday beat analysts’ quarterly profit estimates as it set aside a smaller than expected sum to protect against bad loan losses and wrapped in HSBC’s domestic operations. The results were also powered by a 17% rise…
By Nivedita Balu TORONTO (Reuters) – Canada’s big six banks will probably set aside a total of C$4.5 billion in loan loss provisions in the third quarter, analysts predicted, up nearly 27% from a year ago, as insolvencies rise and lenders prepare for credit card and other delinquencies in a…
This spring, I received some of the best news of my life: My $370,000 in student loan debt was forgiven.For over a decade, my loans were an albatross. The amount of debt I owed was so massive that I felt nauseated every time I looked at my balance. I had…
By Sinead Cruise LONDON (Reuters) – NatWest wants to bolster its lending firepower. To do so it plans to cut deals with investors to offload some of its loan risk, to make its capital go further and preserve dividends, executives told Reuters. The domestically-focused bank, still 19% taxpayer-owned since its…
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By Timothy Gardner WASHINGTON (Reuters) – The U.S. Energy Department said on Thursday it is offering a conditional loan guarantee of up to $861 million for two utility-scale solar-energy projects in Puerto Rico that are expected to boost energy security after recent hurricanes severely damaged the U.S. territory’s grid. The…
By Mayela Armas and Vivian Sequera TUREN, Venezuela/CARACAS (Reuters) – More than 300 hectares (740 acres) of verdant corn and rice planted by Roberto Latini in the western Venezuelan state of Portuguesa undulate under a bright sun and blue sky. The growing crops – set to be harvested in September…