US trade deficit a focus of Trump-Xi meeting
The US trade deficit with China is expected to be a key topic during Chinese President Xi Jinping’s visit to US President Donald Trump’s Mar-a-Lago retreat. “The meeting next week with China will be a […]
Trump
US corporate-tax rate could be 28%
The Trump administration’s target corporate-tax rate has nudged up since before the election. When then-candidate Donald Trump pledged to cut the rate to 15% from 35%. After a failed attempt to repeal the Affordable Care […]
Ex-Goldman chief has key role shaping Trump’s policies
Gary Cohn, who resigned as president of Goldman Sachs to work for the Trump administration, is emerging as a powerful voice on economic policy in the White House. At a time when most of the […]
Future of Basel reform uncertain under Trump
Bank for International Settlements General Manager Jaime Caruana expects the Trump administration’s approach to affect coordination of Basel IV capital rules for banks. “This will probably take some time, but we need to wait for […]
Draghi: Trump’s bank deregulation “the last thing we need”
European Central Bank President Mario Draghi said that regulations enacted after the global financial crisis have brought stability and that “the last thing we need” is President Donald Trump’s moves to weaken bank regulation in […]
Tech leaders join opposition to immigrant order
Apple, Google and Microsoft are among the 97 companies backing the state of Washington’s opposition to President Donald Trump’s executive order restricting immigration. The amicus brief filed by the companies states that Trump’s executive order […]
Tech companies gird for Trump presidency
Leading technology firms are preparing for a showdown with President-elect Donald Trump’s administration regarding data mining and privacy, which have been a source of controversy since Edward Snowden revealed information about mass surveillance. Other firms […]