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Business news live from singapore. Foxconn announced a ten Million Dollar investment to build a Manufacturing Plant in the united states. On facebook reports a major bump in profits. Hello and welcome to Asia Business report. I am sharanjit leyl. To Asia Business report. I am shara njit leyl. Taiwanese Electronics Manufacturer foxconn Just Announced plans to build a Flat Panel Screen Plant in the united states. At an elaborate Press Conference in the white house a short while ago, foxconn said it is investing million 10 million. I asked our correspondent how big a deal this is for the us econo...

The border tax is dead. This was one of the Critical Issues in tax reform. This was about trying to keep tax reform revenue neutral. One of the ways was a border adjusted tax. About thisn talking 20 tax rate on Companies Domestic sales and imports. Staunch opposition to this. Paul ryan is telling republicans that border tax is dead. The question is, if thats the case, how are they going to finance tax cuts . Are they going to be just shortterm, not permanent . Otherwise, youre not going to be able to keep it. Scarlet thats the big question mark. This was predicated on replacing obamacare. That...

The border tax is dead. This was one of the Critical Issues in tax reform. This was about trying to keep tax reform revenue neutral. One of the ways was a border adjusted tax. About thisn talking 20 tax rate on Companies Domestic sales and imports. Staunch opposition to this. Paul ryan is telling republicans that border tax is dead. The question is, if thats the case, how are they going to finance tax cuts . Are they going to be just shortterm, not permanent . Otherwise, youre not going to be able to keep it. Scarlet thats the big question mark. This was predicated on replacing obamacare. That...

Has the republican address. He talks about some of the legislation passed by congress during 2016 and outlines goals the gop has set for 2017. Pres. Obama happy new year, everybody. At a time when we turn the page to the future, i wanted to take a minute to thank you for everything you have done to make america stronger these past eight years. Just eight years ago, as i prepared to take office, our economy teetered on the brink of depression. 800,000 americans were losing their jobs each month. In some communities, nearly one in five folks were out of work. Almost 180,000 troops were serving i...

Among those penalized for supporting the missile program. Meanwhile, iran is retaliating with sanctions of its own. They say they will respond in kind to the treasury sanctions and have a list of u. S. Companies they say support regional terrorist groups. A judge refused a request from a his attorney. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Caroline i am caroline hyde, this is bloomberg technology. The Resistance Continues as tech closes ranks. Americas ability to recruit top talent from overseas, our panel d...