By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing’s growing global role. Xi’s appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the […]
Theresa May will test the nerves of currency markets on Tuesday when she declares that Britain is making a clean break from the EU and will not seek a deal that leaves the country “half in and half out”. Mrs May’s comments will be seen as confirmation that Britain is leaving the single market — sometimes referred to as “a hard Brexit” — although she will leave […]
ATLANTA The daughter of slain civil rights leader Martin Luther King marked the holiday that honors her father on Monday by siding with African-American congressman and activist John Lewis over President-elect Donald Trump in an imbroglio that erupted over the weekend. Lewis, 76, a contemporary of King’s who endured beatings and jail time in the fight for racial equality in the 1960s, said in a televised interview […]
Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]
By Steve Holland | WASHINGTON WASHINGTON Monica Crowley, the foreign policy adviser tapped for a White House job under President-elect Donald Trump, will relinquish the post, a transition official told Reuters on Monday. Crowley had been chosen to serve as senior director of strategic communications at the National Security Council. Her appointment had been shadowed by reports of plagiarism in news outlets including CNN and Politico. “After […]
Submitted by Martin Armstring via ArmstrongEconomics.com, Al Sharpton seems to be doing whatever he can to mislead minorities in a very dangerous way. He has been organizing civil rights activists vowing to defend what they say are hard-fought gains in voting rights and criminal justice prior to the presidency of Donald Trump. Sharpton is not stupid. He knows what he is doing. Why did he not do […]
LONDON (Thomson Reuters Foundation) – Donald Trump’s administration, heavy with fossil fuel industry backers, could cause major damage to efforts to deal with climate change through measures such as cutting access to satellite data for weather forecasting and climate research, scientists warned Monday. But the president-elect may prove more pragmatic than some of his Republican counter-parts on the politically charged issue of climate change, particularly if a […]
Ken Miller Crunch Network Contributor Ken Miller is an investor, writer, and advisor to several technology companies and Venture Capital firms. Previously he was an Executive at PayPal and Intuit, and early Advisor to Square. More posts by this contributor: How to join the network Pundits and Monday morning quarterbacks have spent much of the last two months lost in a fog of speculation and assertions as […]
By Tom Körkemeier and Andreas Rinke | BRUSSELS/BERLIN BRUSSELS/BERLIN Germany’s Foreign Minister said on Monday that U.S. President-elect Donald Trump’s comments that NATO was obsolete had aroused concern across the 28-member alliance. Frank-Walter Steinmeier, speaking after a meeting with alliance Secretary-General Jens Stoltenberg in Brussels, said Trump’s remarks contradicted views expressed by designated Defense Secretary James Mattis. He spoke also of “amazement”. “I’ve spoken today not only […]
NEW YORK (Thomson Reuters Foundation) – Millennials, some so young they need their parents’ permission and others with babies in tow, will join women’s protests this weekend as their generation for the first time faces challenges to rights they have known most of their lives. Hundreds of thousands of people are expected to attend the Women’s March on Washington and sister marches in other cities around the […]
Canceling nearly 90% of cash in circulation cost India the mantle of world’s fastest-growing large economy in 2016, the International Monetary Fund said, though it categorized the slowdown as temporary. India’s growth slowed to 6.6% last year from 7.6% in 2015, according to the fund’s latest World Economic Outlook, which estimates that China’s economy grew by 6.7% in 2016. The fund expects India’s expansion to bounce back […]
By Nigel Stephenson | LONDON LONDON Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets. U.S. markets were closed for the Martin Luther King Day holiday, crimping market activity and potentially exacerbating price moves. The dollar .DXY rose, except […]
He was the president who took out Osama bin Laden but was blindsided by Isis; who made Asia his priority but saw his trade deal for the region stymied; who built bridges with once sworn enemies in Cuba and Iran but who sparred with allies in Israel and Saudi Arabia. The mixed and sometimes messy foreign policy legacy of Barack Obama includes a climate change agreement and […]
Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]
By Alessandra Prentice | KIEV KIEV Outgoing U.S. Vice President Joe Biden called on Monday for sanctions on Russia to stay, urging the world to stand up to its “coercion and aggression” after President-elect Donald Trump mooted ending the measures under a possible deal with Moscow. Speaking on a swan song visit to Kiev, Biden said the G7 nations and European Union should lift the sanctions only […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign […]
US companies have rushed to renegotiate their loans at the start of the year, taking advantage of strong investor demand for debt that is more insulated against an expected rise in interest rates. January’s re-pricing volume has already reached $41.6bn — the highest monthly volume since January 2013 with a further two weeks before the month ends, according to data from LCD, an offering of S&P Global […]
Submitted by Mike Shedlock via MishTalk.com, Conventional wisdom suggests National Front candidate Marine le Pen will make it to the second round in French elections, then lose in a landslide to whoever her opponent happens to be. I believe le Pen’s odds of winning it outright are far better than most think. Current Polls Chart from Wikipedia, with image clips added. Top Five candidates Marine le Pen: […]
France held the first session of the conference in June, after the United States and others effectively gave up. Talks had broken down, and Mr. Netanyahu’s government had drawn international anger with its continued settlement activity in the West Bank and East Jerusalem, a red line for the process set out years before by Secretary of State John Kerry and other leaders. Continue reading the main story […]
DUBAI/TEHRAN: Iran will not renegotiate its nuclear agreement with world powers, even if it faces new US sanctions after Donald Trump becomes president, Deputy Foreign Minister Abbas Araghchi said on Sunday.US “hostility” to Iran is growing day by day despite Tehran’s nuclear deal, the senior Iranian official said, ahead of the first anniversary of the historic accord.“The United States has done whatever it can do (to) slow […]
A showdown is brewing over the fate of journalists in President-elect Donald Trump’s White House. Several officials from the incoming administration are reportedly considering evicting reporters from their traditional offices inside 1600 Pennsylvania Avenue, sparking concern from the association that assigns journalists seats in the White House briefing room. “The White House Correspondents’ Association Board is aware of the comments from the president-elect’s team regarding continued news […]
Seldom have such small chips carried such a heavy load. China’s fledgling semiconductor industry, after a messy birth, now finds itself in the crosshairs of conflicting political goals in Beijing and Washington. Chips are a key plank of China’s industrial plans, attracting a massive $150bn government subsidy. This reflects national angst over reliance on overseas markets — it spends more on importing semiconductors than oil — and […]
Monday 02.10 GMT Overview Asian markets were mostly lower despite bank-led gains for Wall Street on Friday but the spotlight was on the British pound as it tumbled to a four-month low amid heightened expectations of a “hard Brexit”. Hot topic Sterling was down 1.3 per cent at $1.2027 after falling as low as $1.1986 in early Asian trading, ahead of a speech on Tuesday in which […]
Delta Air Lines CEO has again raised the prospect that President-elect Donald Trump’s administration would intervene in the US carriers’ dispute with Gulf airlines. Ed Bastian, speaking to investment analysts during the carrier’s recent quarterly earnings call, said that officials from the US ‘big three’ – American, United and Delta – have already met with officials from Trump’s transition team to discuss current industry issues, including the […]
