Breaking business news: Trumpflation strikes back: dollar set for best week of the year

Click to View in Browser Friday, September 29, 2017 Trumpflation strikes back: dollar set for best week of the year LONDON (Reuters) - The dollar was set for its biggest weekly rise in 2017 and stocks rose across the world after U.S. President Donald Trump proposed the biggest tax overhaul in three decades in the United States. U.S. consumer spending barely rises; core inflation moderates WASHINGTON (Reuters) - U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales and annual inflation increased at its slowest pace since late 2015, pointing to moderation in economic growth in the third quarter. VW's dieselgate bill hits $30 billion after another charge HAMBURG/BERLIN (Reuters) - Volkswagen is taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions test cheating scandal to around $30 billion. New Uber CEO to meet London transport boss in license battle LONDON (Reuters) - The new chief executive of Uber Technologies [UBER.UL] will meet the head of London's transport system next week to try to retain the license for its ride hailing service in the British capital. Murdoch opponent challenges UK regulator over Sky deal LONDON (Reuters) - Activist group Avaaz stepped up its battle to stop Rupert Murdoch buying Sky , launching a legal challenge to the regulator's view that the pay-TV group would still be a "fit and proper" owner of a broadcasting license if the deal goes ahead. China's bitcoin market alive and well as traders defy crackdown SHANGHAI (Reuters) - Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead. Lyft IPO puts investors in self-driving cars as well as ride services DETROIT (Reuters) - An initial public offering by Lyft Inc will give investors a way to jump into self-driving cars, although the ride services company and rival Uber Technologies Inc may have to wait years before sending a driverless robotaxi to a customer. Exclusive: South Africa's central bank tells lenders that KPMG is 'too big to fail' JOHANNESBURG (Reuters) - South Africa's central bank has told top lenders they cannot fire auditor KPMG [KPMG.UL], entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. China sets 2019 deadline for automakers to meet green-car sales targets BEIJING/SHANGHAI (Reuters) - China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply. China's C919 jet could do third test flight within days: COMAC executive SHANGHAI (Reuters) - China's domestically developed C919 passenger jet is likely to make its third test flight within days or in up to two weeks, a senior Commercial Aircraft Corp of China Ltd (COMAC) [CMAFC.UL] executive told reporters on Friday. Related Video Bitcoin must be monitored: RBC chief Lyft trying to leave Uber in the dust with IPO Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook