US, China dampen expectations as trade talks open
- 03-May-2018
Top US and Chinese officials kicked off crucial trade talks Thursday in Beijing but both sides sought to dampen expectations for a quick resolution to a heated dispute between the world's two largest economies.
Trump administration rejects World Bank capital increase
- 14-Oct-2017
WASHINGTON: The Trump administration on Friday rejected a capital increase by the World Bank, which the Bank says is necessary to expand its global anti-poverty mission. Treasury Secretary Steven Mnuchin said the huge Washington-based institution is inefficient and can be more effective in the nearly $60 billion in development finance it currently allocates each year. […]
Trump picks loyalists for economic posts, Obamacare critic for cabinet
- 30-Nov-2016
NEW YORK: US President-elect Donald Trump chose a former Goldman Sachs banker and a billionaire investor on Tuesday to steer economic policy in his administration and a fierce Obamacare critic to dismantle President Barack Obama’s signature healthcare programmes. Republican Trump is expected to name Steven Mnuchin, a former Goldman Sachs partner and Hollywood financier, as […]