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Toyota forecasts record profit on Trump tax cut, RAV4 sales

Bloomberg Toyota Motor Corp. predicted a record profit this fiscal year helped in part by President Donald Trump’s tax cuts and surging sales of the updated Camry sedan and RAV4 sport-utility vehicle in the US. A reduction in expenses through cost cuts and a favorable foreign exchange environment is also helping the carmaker lift its annual net income forecast to ...

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Apple cuts on bond buying to bring cash home

Bloomberg Apple Inc. is pulling back on buying corporate bonds with its overseas cash as it prepares to bring the money home to the US, according to people with knowledge of the matter. About $157 billion of Apple’s $285 billion in cash, mostly held overseas, is invested in corporate debt, making it a leading lender. The cutback in buying, echoed ...

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Russian oligarchs on US Treasury list facing additional scrutiny

Bloomberg Russia’s billionaire oligarchs are beginning to face additional scrutiny on at least some financial transactions following US publication of a list of wealthy Russians identified as allies of President Vladimir Putin. One wealthy Russian on the list who spoke on condition of anonymity said he’s worried a deal with foreign partners expected to close in the next few months ...

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