And spain and france. Strong gains across europe. And look at crude, which is set for weekly gains, up by 1. 25 on the week. Showing just about that gain today. We got surprising inventory builds yesterday. Traders seem to be taking in stride. The u. S. Treasury department issuing final rules to crack down on those tax inversions. Thats when a company is acquired by a smaller foreign business in a low tax country to avoid paying the higher u. S. Corporate tax rate. The new rules crack down on earnings stripping when the u. S. Subsidiary avoids taxes on domestic operations by sending them overseas as tax deductible payments. Got that . Sara eisen does. This is clearly becoming a signature issue for the treasury secretary, for this administration. And what he issued yesterday were new rules to crack down on tax avoiding companies. This earnings stripping strategy, its a common practice by inverted companies, they use the u. S. Subsidiary to issue loans from the Foreign Company that are t
Vonnie russias president Vladimir Putin says he is trying to prevent the spread of terrorism. U. S. Officials say russian airstrikes in syria are not aimed at Islamic State, they are targeting opposition groups fighting serious president bashar alassad. Asidehas vowed to keep and power. Attacks hit one group of rebels trained by the cia. Secretary of state john kerry called for a political solution. He appeared with his russian counterpart. Even as we do not have yet a resolution with respect to some critical choices in the political solution, we think we have some specific steps that may be able to help lead in the right direction. U. S. Is concerned there could be incidents between russian planes and u. S. Warplanes in the same area. That government stimulus may be having an impact on manufacturing. Chinas measure of factory activity stabilized around a threeyear low. The report signals Government Spending on infrastructure gaining traction. Governmentrom forecasters, they cannot rul