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By Carmel Crimmins and Pamela Barbaglia | DAVOS, Switzerland DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. At the annual gathering of the world’s political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas’ rivals […]

Here are the market-related questions FT reporters will be examining this week, the first in which a Nato-ambivalent son of a New York property baron will command the world’s most powerful political office. Will the Trump-trades persist with the president in power? The post-election story in markets has largely been about what campaign promises turned into reality could do to a US economy already several years into […]

TAIPEI Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans, which would be carried out with its unit Sharp Corp (6753.T), still depend on many factors such as investment conditions that would have to be negotiated at the […]

A president-elect’s Cabinet choices provide an early and often-illuminating marker of where the new administration is headed in both tone and policy. The confirmation process is an enduring slice of Washington Kabuki theater, complete with contentious hearings and the thrust-and-parry of politicians scurrying to make their partisan points. But even by the usual standards, Donald Trump’s Cabinet-level selections and their hearings are displaying a stunning level of […]

“We will spend what we need to spend to get this job done,” former prime minister Tony Abbott declared in March 2014, shortly after the multi-country effort to find recently downed Malaysia Airlines flight MH370. When do you give up on a mystery? The torturous MH370 question Anguish in Beijing as relatives learn MH370 has gone missing on March 9, 2014. Photo: Feng Li/Getty Danica Weeks, whose […]

WASHINGTON The U.S. Department of Justice has decided that President Donald Trump can hire his son-in-law Jared Kushner as a senior White House adviser without breaking federal anti-nepotism laws, The New York Times reported on Saturday. The department has found that the president has special hiring authority that exempts White House positions from federal laws barring the president from appointing relatives to lead a federal agency, the […]

By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]

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Apple has filed a $1bn lawsuit against Qualcomm accusing the chipmaker of abusing a monopoly position, after the US and South Korean regulators argued it exploited its market dominance at the expense of handset makers. Shares in Qualcomm fell 2.4 per cent to $62.88 just before the markets closed on Friday when the lawsuit was published. This is the first direct challenge by one of Qualcomm’s major […]

By Steve Holland and Emily Stephenson | WASHINGTON WASHINGTON Donald Trump took power as the 45th president of the United States on Friday and pledged to end what he called an “American carnage” of rusted factories and crime in an inaugural address that was a populist and nationalist rallying cry. Striking a defiant tone, Trump said American workers have been devastated by the outsourcing of jobs abroad. […]

As the nation’s capital prepared to celebrate the inauguration of the nation’s 45th President, Senators confirmed President Donald Trump’s nominees for Secretary of Defense and the Secretary of the Department of Homeland Security. Retired Generals James (“Mad Dog”) Mattis and John F. Kelly were approved by votes of 98-1 and 88-11, respectively. Attorney General nominee Sen. Jeff Sessions, the Alabama Republican, did not vote for either candidate. […]

President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it. As Paul Craig Roberts details, Trump made it abundantly clear that Americans’ enemies are right here at home: globalists, neoliberal economists, neoconservatives and other unilateralists accustomed to imposing the US on the world and involving us in endless and expensive wars, politicians who serve the Ruling […]

PETALING JAYA: Foreign Direct Investment (FDI) is not just about investment in the manufacturing industry alone as the country has outgrown that model, said Datuk Abdul Rahman Dahlan (pic). In response to Tun Dr Mahathir Mohamad’s criticism of the Forest city project, the Minister in the Prime Minister’s Department said in order for Malaysia to progress into a high income nation, the country needs to develop other […]

Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]

By Nate Raymond and Ju-min Park | NEW YORK/SEOUL NEW YORK/SEOUL The U.S. government has asked South Korea to arrest a brother of former U.N. Secretary-General Ban Ki-moon on charges that he engaged in a bribery scheme to carry out the sale of a Vietnamese building complex, a U.S. prosecutor said on Friday. During a court hearing in federal court in Manhattan, Assistant U.S. Attorney Daniel Noble […]

Apple on Friday filed a suit against Qualcomm, accusing the chipmaker of withholding contractual payments it owed in retaliation for Apple’s cooperation with South Korean regulatory investigators. The suit also charges Qualcomm “attempting to extort” the Cupertino company into obstructing the investigation. From the suit, filed in federal district court in the Southern District of California: Among Apple’s damages are nearly $1 billion that Qualcomm owes to […]

By Diane Bartz and Stephen Nellis Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two […]

Just hours after President Trump was sworn into office, amid Chuck Schumer’s jabs over HUD, the Senate has confirmed retired Marine General James Mattis as defense secretary and retired Marine General John Kelly as homeland security secretary. They were both expected to be confirmed easily, and were, but Democrats promised fights over several other nominees. Mattis was the first to be confirmed by a vote of 98 […]

By Steve Holland | WASHINGTON WASHINGTON Donald Trump took power as the 45th president of the United States on Friday and pledged to end what he called an “American carnage” of rusted factories and crime in an inaugural address that was a populist and nationalist rallying cry. Striking a defiant tone, Trump said American workers have been devastated by the outsourcing of jobs abroad. “From this day […]

Friday 21:00 GMT Overview Financial markets gave a relatively muted response to Donald Trump’s inaugural speech as US president, with US stocks edging higher, Treasuries putting in mixed performances and the dollar easing back against its main rivals. Oil prices rose sharply amid hopes that producers would show compliance to a global deal to cut output. Gold initially struggled for traction but held above the $1,200 an […]

It’s been called the Tea Party’s favorite part of the Constitution. But it’s not just conservatives or libertarians who are embracing the Tenth Amendment and its protections against federal government encroachment. New York’s top law-enforcement officer is emerging as one of the constitutional provision’s biggest allies. Democratic state attorney general Eric Schneiderman invoked the Tenth […] (via WSJ)

The U.S. Federal Trade Commission is not satisfied with Walgreens Boots Alliance Inc’s (WBA.O) plan to divest stores to win antitrust clearance for its acquisition of Rite Aid Corp (RAD.N), Bloomberg reported, citing people familiar with the matter. The FTC isn’t convinced that Walgreen’s proposal to sell 865 drugstores to Fred’s Inc (FRED.O) would do enough to preserve competition that would be lost in the $9.4 billion […]

The Samsung Galaxy J7 smartphone (2017) model – believed to be the successor of the Galaxy J7 (2016) – is in the news again. Close on the heels of the alleged mobile case for the smartphone leaking online on Amazon, the handset has received the green signal from the Federal Communications Commission (FCC). The latest news comes courtesy priceraja.com, which reveals that the Samsugn smartphone has received […]

Donald Trump is to be sworn in as president in Washington on Friday, taking over from Barack Obama. Highlights of the day: SWEARING-IN Donald Trump is to be sworn in at middday (1700 GMT), setting the country on an uncertain path at home and abroad. PROTESTERS AND SUPPORTERS Protesters scuffle with police as liberal activists attempt to block thousands of supporters at the inauguration. Trump supporters dance […]

Donald Trump will be sworn in on Friday as the 45th president of the United States, taking power over a divided country after a savage campaign and setting the country on a new, uncertain path at home and abroad. In a ceremony likely to draw 900,000 people, including protesters, Trump and his vice president, Mike Pence, will take the oath of office at midday (1700 GMT) outside […]

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