Asia set to open higher; Reserve Bank of Australia decision, bank earnings in focus

Nikkei futures pointed to a higher open for the Japanese market, after the benchmark index finished at 19,310.52 in the previous session; Chicago futures traded at 19,380 and Osaka futures were at 19,370. In Australia, SPI futures traded at 5,945, a touch lower than...

Big tax reform ‘unlikely’ anytime soon, will probably see tax cuts, Carlyle’s Rubenstein says

It is “unlikely” that there will be a comprehensive tax reform bill anytime soon, Carlyle Group co-founder and co-CEO David Rubenstein told CNBC on Monday. Instead, he anticipates tax cuts.”We have these every 30 or 40 years. The last comprehensive...