Brazil's Central Bank (BC) President Ilan Goldfajn said on Monday that the outcome of the US presidential election, won by magnate Donald Trump, brought an element of uncertainty to markets, but reiterated that the institution has kept a close watch on the development of international markets and worked to prevent the effects of external shocks from threatening macroeconomic stability.
The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.
President-elect Donald J. Trump has ostensibly thrown his support behind the idea of UK Independence Party (UKIP) leader Nigel Farage becoming the British Ambassador to the United States in a tweet issued late on Monday night. Trump issued the statement, unprompted, via his Twitter feed, stating that the idea was popular amongst “many people” in a move that is sure to set the British political establishment into a further tailspin.
President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video messaged outlining what he intends to do first when he takes office in January. The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy. Trump also pledged to reduce “job-killing restrictions” on coal production and stop visa abuses.
Mexican President Enrique Peña Nieto is well aware of his country's need to take a new approach at bilateral relations with the United States under the coming Republican presidency of Donald Trump. “We’re at the stage of prioritizing dialogue as the path through which we may able to establish a new agenda for bilateral relations,” Peña Nieto said in Lima at the Asia-Pacific Economic Cooperation (APEC) summit.
United States President elect Donald Trump has reversed course and agreed on Friday to pay US$25 million to settle a series of lawsuits stemming from his defunct for-profit education venture, Trump University, finally putting to rest fraud allegations by former students, which have dogged him for years and hampered his presidential campaign.
Donald Trump caught the world by surprise when he emerged victorious at the United States elections, but his stay at the White House could be short-lived, according to university professor who has correctly predicted presidential poll outcomes for the last 30 years. A similar prediction has been made by journalist and filmmaker Michael Moore who also forecasted Trump's victory with weeks' anticipation.
The United States Federal Reserve chair Janet Yellen told Congress on Thursday that she is not stepping down. Her statement follows on strong attacks during the campaign from president elect Donald Trump who claimed the Fed was favoring president Barack Obama and candidate Hillary Clinton with its low interest rate policy.
iPhones might soon be made in the U.S., a result of Donald Trump’s win on Election Day, according to Nikkei Asian Review report. Hon Hai Precision Industry, also known as Foxconn Technology Group, a main Apple assembler, has allegedly been looking into the possibility of making iPhones in the United States, sources revealed to Nikkei.
Anti-Trump protests so strong and well coordinated make spontaneity unlikely to the reasoning observer who makes out that ”someone is stirring the pot because America has never traditionally had a problem with accepting the outcome of an election,” as one analyst put it.