Tag: United States

Thursday, July 27th 2017 - 16:41 UTC
Trump's economic advisor Gary Cohn considered as possible next Fed chair

United States President Donald Trump named two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump's economic adviser Gary Cohn, according to an interview with The Wall Street Journal.
Thursday, July 27th 2017 - 16:34 UTC
Fed leaves rate unchanged but will begin selling assets “relatively soon”

Leaders of the U.S. central bank said Wednesday that they were holding their benchmark lending rate at a low level — in a range between 1 and 1.25% — for the time being. Federal Reserve officials said in a report issued after their two-day policy meeting that the world's largest economy was growing at a “moderate” pace and the job market was improving, but that inflation remained a bit low.
Wednesday, July 26th 2017 - 05:28 UTC
Three Brexiteers off to US/Mexico, Australia and Germany for trade talks

Three senior cabinet ministers will push the UK's Brexit agenda on three different continents. International Trade Secretary Liam Fox will travel from the US to meet Mexican counterparts to discuss trading relationships.
Tuesday, July 25th 2017 - 06:29 UTC
IMF lowers US economic growth forecast for 2017 and 2018

The IMF on Sunday lowered its economic growth forecasts for the United States to 2.1% for this year and the next, down from the 2.3% for 2017 and 2.5% for 2018 that it had predicted in April.
Sunday, July 23rd 2017 - 13:11 UTC
Despite Trump's pledge Carrier laying off workers and moving to Mexico

The Carrier factory where a president-elect Donald J. Trump boasted of having crafted a deal to save jobs from moving to Mexico has begun laying off workers. 338 employees at the Carrier Corporation fan coil manufacturing facility in Indianapolis will be let go Friday under the previously announced plan, the company said in a statement.
Saturday, July 22nd 2017 - 11:53 UTC
Trump revamps communications office: names a hedge fund banker and Fox Business hand

United States President Donald Trump has triggered a shake-up by appointing Wall Street financier Anthony Scaramucci as his White House communications director. White House Press Secretary Sean Spicer quit, reportedly in response to the move, which was announced on 21 July. He had been partially filling the communications role since the previous incumbent Michael Dubke resigned in May.
Friday, July 21st 2017 - 12:13 UTC
US travel ban dispute: Supreme Court rules partial win for Trump

The United States Supreme Court dealt a blow to President Donald Trump's travel ban this week, rejecting his bid to bar entry by some people with family members already in the country. The three-sentence order by the Justices — who last month let president Trump start restricting entry by people from six mostly Muslim countries — means the government must accept people with grandparents, cousins and other relatives in the U.S.
Wednesday, July 19th 2017 - 22:41 UTC
UK and London lose ground as preferred destinations for Chinese millionaires

The UK has slipped down the list of preferred destinations for Chinese millionaires considering moving overseas, a report suggests. While the US remains the favorite place to settle, Canada now ranks second pushing Britain into third spot.
Friday, July 14th 2017 - 07:34 UTC
Trump in Paris for Bastille Day parade hints to changes on climate accord

French President Emmanuel Macron said he “respected” Donald Trump's decision to pull out of the Paris climate accord but that France would remain committed. The US president visiting France then hinted that his administration could shift its opinion.
Thursday, July 13th 2017 - 01:09 UTC
Donald Trump Jr admits meeting Russian lawyer but did not inform his father

United States President Donald Trump's son has said he did not tell his father about a meeting with a Russian lawyer who said she could help his election campaign. Donald Trump Jr told Fox News the meeting was “just a nothing” but he should have handled it differently.