United States

Thursday, January 25th 2018 - 10:03 UTC
Treasury Secretary tells Davos US welcomes a weakening dollar

The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.
Thursday, January 25th 2018 - 09:22 UTC
Shark conservation charities benefit from Trump's confessed phobia

Donald Trump's alleged hatred of sharks has inspired people to financially support international shark charities. The US president's dislike for the marine animal was revealed last week in an In Touch Weekly interview with adult film actress Stormy Daniels.
Thursday, January 25th 2018 - 09:16 UTC
The US tourism industry is suffering from the “Trump slump”

Travel to the US is falling, a decline some in the tourism industry blame on US President Donald Trump. The number of international visitors fell by 4% in the first seven months of 2017, according to the US National Travel & Tourism Office and the trend occurred across all regions, with Africa and the Middle East reporting some of the most dramatic declines.
Wednesday, January 24th 2018 - 07:18 UTC
Trump makes “America big again” by imposing stiff tariffs on solar panels and washing machines

President Donald Trump's decision on Monday to impose stiff tariffs on imported solar panels and washing machines has stirred concerns around the world, including North America. Mexico says it regrets the U.S. decision not to exclude it from these new tariffs. And it's vowing to take action to halt Mr. Trump's latest salvo on global trade.
Tuesday, January 23rd 2018 - 09:23 UTC
Trump's tax reform prompts brighter outlook for global economy, says IMF

Prospects for the global economy are looking brighter, according to the International Monetary Fund (IMF), arguing that the recent pick-up has been pretty broad-based, particularly in Europe and Asia. Tax reforms in the United States are expected to stimulate economic activity, especially business investment.
Saturday, January 20th 2018 - 10:48 UTC
Bipartisan efforts failed: US Government shutdown

For first time since 2013, the US government is in shutdown after senators rejected a temporary spending patch. Trump accuses Democrats of taking Americans hostage with their demands.
Thursday, January 18th 2018 - 09:44 UTC
China and Japan slow down purchase of US Treasury securities

China cuts its holdings of U.S. Treasury securities in November 2017 after adding US$ 8.4bn in October. China's holdings of U.S. treasuries dropped by US$ 12.6bn to US$ 1.1766 trillion in November last year. China remained the largest holder of U.S. treasuries.
Thursday, January 18th 2018 - 09:36 UTC
Brazil willing to admit US ethanol, if US opens market to fresh beef exports

Brazil is studying the removal of a 20% tariff on ethanol imports from the United States, Agriculture Minister Blairo Maggi said on Wednesday, in a decision that could depend on Washington lifting a ban on fresh beef exports from Brazil. Last year, Brazil imposed a 20% tax on ethanol imported from the U.S. that exceeds a 600 million liter annual quota to protect local producers as imports spiked.
Thursday, January 18th 2018 - 09:25 UTC
Apple will pay US$ 38bn in tax following recent changes to US fiscal rules

Apple will pay about US$38bn in tax on the roughly US$ 250bn cash pile it holds outside the US following recent changes to American tax rules. The sum is expected to be the biggest payment under the reforms, which slash the US corporate tax rate.
Wednesday, January 17th 2018 - 09:05 UTC
Trump in excellent health and with normal score on a cognitive exam

President Donald Trump requested that his first formal medical exam include a cognitive test and “did exceedingly well,” receiving a score of 30 out of 30, the top White House doctor announced on Tuesday afternoon.