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....7% in the first quarter - the slowest rate since the first quarter of 2014. It will be unwelcome news for President Donald Trump who, during his election campaign, made a pledge to raise growth to 4%. ... [Read full article on BBC ]
Friday 28th of April 2017 12:40:39 PM
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....1%, the poorest showing for any recovery in the post-war period. Donald Trump repeatedly attacked the weak GDP rates during the campaign as an example of the Obama administration’s failed economic policies. ... [Read full article on Guardian ]
Friday 28th of April 2017 12:54:36 PM
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Latest Finance News related to Donald Trump

US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
....1%, the poorest showing for any recovery in the post-war period. Donald Trump repeatedly attacked the weak GDP rates during the campaign as an example of the Obama administration’s failed economic policies. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....7% in the first quarter - the slowest rate since the first quarter of 2014. It will be unwelcome news for President Donald Trump who, during his election campaign, made a pledge to raise growth to 4%. ...
​Trump tax plan could save him millions under guise of helping small businesses image
. A tax plan released by the White House on Wednesday could deliver many millions of dollars annually in tax savings to Donald Trump personally under the guise of helping small businesses, multiple tax experts have told the Guardian. ...
Pound hits seven-month dollar high image
Source : BBC [Read Article] Thursday 27th of April 2017 08:13:10 AM
.... Analysts said the rise was partly due to polls putting Prime Minister Theresa May well ahead of the opposition. The dollar also suffered from some disappointment over the lack of detail in Donald Trump's tax reform plans. ...
Trump won't scrap Nafta trade deal 'at this time' image
Source : BBC [Read Article] Thursday 27th of April 2017 05:40:25 AM
. US President Donald Trump has told Mexico and Canada he wants to renegotiate - not scrap - the North American Free Trade Agreement. ...
Donald Trump to stick with Nafta free trade pact – for now image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:51:09 AM
. The White House has announced that the United States will not unilaterally withdraw from Nafta, the landmark free trade agreement with Canada and Mexico, after multiple reports that Donald Trump was planning to pull out of the deal. ...
US regulator wants to reverse net neutrality image
Source : BBC [Read Article] Wednesday 26th of April 2017 10:47:02 PM
...."Do we want the government to control the internet? Or do we want to embrace the light-touch approach" in place from 1996 until 2015, he said. Mr Pai was named as Federal Communications Commission chair by President Donald Trump. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
....3% fall in third-quarter profit, caused by slowing consumer spending. President Donald Trump proposed slashing the US tax rate on corporate and pass-through business profits to 15% from 35% or more. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... Or perhaps Twitter, despite Dorsey’s many modifications, is simply less suited to commercial messages. If so, even Donald Trump’s tweeting flurries, which boost the audience statistics, won’t bring salvation – or a reason to value an 11-year-old company making a loss so highly. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....The plan would cut the US’s individual income tax brackets from seven to three (10%, 25% and 35%) and slash US corporate tax rates from 35% to 15%. “We have a once-in-a-generation opportunity to do something really big,” said Gary Cohn, chief economic adviser to Donald Trump. ...
Trump 'considering draft order to scrap Nafta' image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:10:08 PM
....The Trump administration has drafted an executive order that would withdraw the US from the North American Free Trade Agreement (Nafta), US media say. It is unclear whether President Donald Trump will follow through and strike down the deal, which eliminated tariffs between the US, Mexico and Canada. ...
Twitter revenues decline for first time as advertising falls away image
Source : Guardian [Read Article] Wednesday 26th of April 2017 01:48:14 PM
. Twitter’s revenue has fallen for the first time, as advertisers have pulled back from the social media service favoured by Donald Trump, celebrities and journalists. ...
Twitter users up but 'headwinds' forecast image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:37:14 PM
.... . Its most famous frequent user, Donald Trump, is taking to Twitter less since assuming the US presidency, but active users of the message-in-brief platform have still risen by 14%, the firm said. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....Secretary Mnuchin, joined White House chief economic adviser Gary Cohn on Wednesday to announce the tax proposal, which he billed as "the biggest tax cut" in history, but it is unclear whether that will really prove to be the case. During his presidential campaign, Donald Trump released a tax plan that was fairly traditional by Republican standards and fairly light on details. ...
Barack Obama to be paid $400,000 for speech at Cantor Fitzgerald event image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:28:37 AM
....The Cantor Fitzgerald event is scheduled for September, with Obama being described as the keynote speaker at a lunch during the healthcare conference. The firm, which had offices in the World Trade Center and lost two-thirds of its staff in the September 11 attacks, is not known for its Democratic links: Howard Lutnick, Cantor’s chairman and chief executive, is reported to have backed Jeb Bush, the Republican who lost out to Donald Trump for the party’s presidential nomination. ...
Has the US started a lumber trade war with Canada? image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:29:49 PM
.... . US President Donald Trump has been sending Canada mixed messages on trade, initially offering assurances that Nafta will only need "tweaks" but recently singling out Canada's softwood lumber and dairy industries for criticism. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
. World markets have hit new peaks, pushed higher by continuing optimism about the outcome of the French presidential election, a series of positive US company results and growing anticipation over Donald Trump’s promised tax reforms. ...
Lockheed Martin profits take fall, despite sales increase image
Source : BBC [Read Article] Tuesday 25th of April 2017 05:20:59 PM
.... . US President Donald Trump has also targeted the programme, tweeting in December that it was "out of control. ...
What does the business world make of Trump 100 days in? The jury is still out image
. As we approach 100 days in, business still doesn’t know quite what to make of Donald Trump. ...
Can Donald Trump better renegotiate Nafta? Yes, by bringing back TPP image
Source : Guardian [Read Article] Tuesday 25th of April 2017 08:44:58 AM
. Donald Trump’s administration says it is sticking with its campaign promise to renegotiate the North American Free Trade Agreement (Nafta). ...
The doom-mongers got it wrong: the centre is holding in Europe | Joris Luyendijk image
....How many more European elections before Brits and Americans stop projecting Brexit and Trump on to Europe? Ever since British voters stunned the country, the world and – probably – themselves by voting to leave the EU, the British press has all but reduced politics in Europe to the “who’s next?” question. After Donald Trump’s election those parts of the American media still interested in the EU joined the fray: surely if America and Britain can bring populists to power, this must now be a trend that the rest of the west will follow?. ...
Tory windfarm policy endangers cheap energy in UK, commission finds image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:19:44 AM
.... Nuclear would not grow its share because of cost, while progress on carbon capture and storage of emissions from coal and gas power stations had been “too slow”. Of Donald Trump, who recently issued an executive order rolling back Barack Obama’s clean power plan, Turner said: “The Trump presidency is not good for climate change, we can’t pretend otherwise. ...
Wikipedia's Jimmy Wales creates news service Wikitribune image
Source : BBC [Read Article] Monday 24th of April 2017 11:50:10 PM
.... "It's more a management role than editorial vision or pursuing an agenda," he told me. This is fascinating, and sounds very similar indeed to the arguments Ben Smith, the editor-in-chief of Buzzfeed, deployed when he published a dossier on Donald Trump. ...
Stock markets surge after French election result image
Source : Guardian [Read Article] Monday 24th of April 2017 09:34:27 AM
....Banking shares were among the leading gainers across the globe, lifted by the prospect of a more certain economic outlook for the eurozone if the EU-friendly Macron wins the final round of the election. The VIX volatility index – the so-called fear index – fell by 22%, its biggest daily drop since the day after Donald Trump’s US election victory last November. ...
French elections: Wall Street joins European relief rally image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:16:09 PM
.... Other senior political figures in France, including former Prime Minister Alain Juppe, have also thrown their weight behind Mr Macron. However, Mr McGuire cautioned that, after the UK Brexit vote and the election of Donald Trump in the US, no one should take anything for granted ahead of the second round on 7 May. ...
Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott image
.... American attempts to prevent China setting up an Asian infrastructure bank failed. When Donald Trump wanted to get tough with North Korea he had to drop plans to brand China a currency manipulator. ...
IMF meeting drops anti-protectionism pledge image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:58:15 AM
.... . But at the meeting in Washington, US Treasury Secretary Steven Mnuchin said that President Donald Trump "believes in reciprocal trade deals and reciprocal free trade". ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
.... . Last year, he said Donald Trump's anti-trade policies would lead to a global depression, but he opposed new financial rules introduced under former President Barack Obama and is likely to support some of the changes contemplated by the new regime. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
.... The last thing the country needs is for complacency or short-termist policymaking to feed another lending binge. Donald Trump’s commerce secretary, the billionaire dealmaker Wilbur Ross, is beginning to put the president’s America First campaign mission into practice. ...
Exxon Mobil denied permission to resume Russian oil work image
Source : BBC [Read Article] Friday 21st of April 2017 08:47:11 PM
. Oil giant Exxon Mobil will not be allowed to resume drilling in Russia after US President Donald Trump vowed to uphold sanctions. ...
UK bank accounts of Iranian customers still being closed, says law firm image
. A UK law firm handling more than 60 complaints by Iranian nationals who have had their UK bank accounts closed allegedly because of their nationality has reported a continuation in such closures since Donald Trump assumed office. ...
US discriminating against Chinese firms, says TCL boss image
Source : BBC [Read Article] Friday 21st of April 2017 08:42:08 AM
. The chief executive of one of China's biggest companies has accused the US of discrimination and protectionism since the election of President Donald Trump. ...
Trump launches investigation into steel dumping image
Source : BBC [Read Article] Friday 21st of April 2017 07:41:27 AM
. Donald Trump has launched an investigation into countries that export steel to the US, raising the prospect of new tariffs on imports. ...
Nasdaq hits new high on tax cut hopes image
Source : BBC [Read Article] Thursday 20th of April 2017 11:46:41 PM
. Wall Street bounced back on Thursday, with the Nasdaq hitting a new record high on revived hopes about US tax cuts under Donald Trump. ...
Trump signs order to assess whether steel imports threaten national security image
. Donald Trump set the stage for a global fight over steel on Thursday, announcing an investigation into whether cheap imports are a threat to national security. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
....The IMF exemplifies the sort of elitist global organisation that Trump has railed against on the campaign stump. Donald Trump’s victory last November is another manifestation of the same political forces, and a much bigger threat to the IMF. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....And, crucially, the improvement in 2018 in the US is based on the assumption of “a sizable fiscal stimulus in the United States, reflecting the anticipated changes in US federal government tax policy”. Given the difficulty Donald Trump apparently has doing anything other than finding his way to a golf course, and his utter incompetence in passing any major legislative measures, that is a very big assumption:. ...
Fox dumps star presenter Bill O'Reilly image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:28:15 PM
....If Mr Ailes, who built the conservative television empire, could be laid low by his tawdry behaviour, no one was untouchable - even Mr O'Reilly. Welcome to Fox News in the Donald Trump era. ...
Germany wants a strong EU. Why would it allow Britain an easy Brexit? | Charles Grant image
.... Its top priority is to ensure that Brexit does not weaken the EU, and that means the UK must not be allowed any kind of special arrangements that could undermine the European institutions. Donald Trump’s ascent to power in the US has exacerbated German worries over Brexit. ...
Emirates to cut US flights after Trump travel restrictions image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:33:04 PM
....The UK imposed similar rules to the US. US President Donald Trump has also signed two executive orders to bar refugees and nationals of several Muslim-majority countries in the Middle East and north Africa from travelling to the US. ...
Fox News 'to drop host Bill O'Reilly' after harassment cases image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:25:30 PM
....If Mr Ailes, who built the conservative television empire, could be laid low by his tawdry behaviour, no one was untouchable - even Mr O'Reilly. Welcome to Fox News in the Donald Trump era. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
....The British vote to leave the European Union is one central reason. There is also the election of Donald Trump after a campaign in which he was highly critical of some US trade agreements. ...
Trump order to target foreign worker visa programme image
Source : BBC [Read Article] Tuesday 18th of April 2017 03:26:13 PM
. President Donald Trump has signed an executive order to review a temporary visa programme used to place foreign workers in high-skilled US jobs. ...
El Paso: the border city grappling with the ramifications of Trump's proposals image
.... Another 400,000-plus walk over: they come to work, shop, go to school or visit friends and relatives, as they have done for centuries. Now a giant, blimp-like shadow hangs over El Paso: Donald Trump. ...
Batten down the hatches! Rising inflation and low wage growth are pinching the consumer image
....There is still plenty of good news out there, with employment and vacancies at record highs, house prices holding steady, and confidence among UK small firms rising to the highest level in over a year, according to the Federation of Small Businesses. Yet Britain is vulnerable to storms beyond its shores, as President Donald Trump adopts a more aggressive stance towards Syria, Russia and North Korea. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....At the International Monetary Fund’s spring meeting this week, managing director Christine Lagarde is expected to highlight how another decade of ultra-low interest rates will depress growth and pose dangers for global financial stability. The IMF will warn that risks to growth remain on the downside as low interest rates sit in the column marked potential disasters alongside Brexit, Donald Trump’s emotional response to presidential decision-making, and Vladimir Putin’s drive to undermine western democracies . ...
Trump, trade, interest and aid make for a challenging IMF summit image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
....As the two bodies prepare to bring together thousands of delegates in Washington, including finance ministers, central bankers and business leaders, we look at five key themes they will discuss. Donald Trump’s arrival in the White House has sparked worries about a new wave of protectionism among international bodies such as the IMF. ...
'Week of perfectly avoidable gaffes': how Pepsi, United and Spicer went wrong image
.... “They misunderstood the young audience they are trying to target,” he said. Lukitsch blamed the “glaring error” on the company trying to “jump on the band wagon” of contemporary protest movements such as Black Lives Matter and resistance to President Donald Trump - and misjudging badly. ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
....2% in February and was the weakest since November 2015. The retail sales and inflation data follow news of a sharp slowdown in job creation in the US in March as the poor weather, a government hiring freeze and a faltering retail sector all appeared to put a chill on President Donald Trump’s promise to boost hiring. ...
Hell of a ride: even a PR powerhouse couldn't get Uber on track image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....But Whetstone’s job was arguably the most challenging of them all: public relations and policy for one of the most scandal-hit companies in America. “I think basically you have a Donald Trump-like situation at Uber,” said crisis management specialist Jonathan Bernstein. ...
Sensors, scanners and surveillance: at the expo to outfit Trump's border wall image
....In that case you may encounter border patrol agents racing towards you in a Prowler multi-mission configurable light tactical all-terrain vehicle or a 20-tonne CT Defense mobile tactical unit, and if you’re very unlucky you may find yourself shot by CZ-USA’s latest Scorpion sub-machine gun. All this was but one small part of this week’s Border Security Expo in San Antonio, Texas, a three-day product showcase and networking jamboree for the architects and enforcers of Donald Trump’s immigration policies. ...
Is this the beginning of the end for neoliberalism? | Letters image
Source : Guardian [Read Article] Thursday 13th of April 2017 05:59:24 PM
.... And it’s also time to not only challenge the WTO’s direction of travel but also to recognise it for what it is and campaign for its abolition, replacing it instead with a consensual model of economic integration based on the needs and aspirations of independent states and their regional priorities. As Donald Trump preaches protectionism, he would do well to heed his far wiser predecessor, Thomas Jefferson, when he said: “Peace commerce and honest friendship with all nations … entangling alliances with none. ...
Donald Trump: China 'not a currency manipulator' image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:59:49 PM
. Donald Trump has said his administration will not label China a currency manipulator, rowing back on a campaign promise. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
. Germany’s biggest bank is coming under pressure from a US senator to give further details of its lending to Donald Trump and meetings it has had with the administration. ...
Trump's trade barriers would be self-inflicted wound, says IMF chief image
Source : Guardian [Read Article] Wednesday 12th of April 2017 10:15:57 AM
. The managing director of the International Monetary Fund has delivered one of her strongest condemnations of the protectionist policies of Donald Trump, warning that putting up barriers to trade would be a “self-inflicted wound” to an improving global economy. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
. Donald Trump’s plan to encourage US companies to repatriate profits held offshore will allow the 50 biggest American corporations to save at least $300bn (£240bn), according to research by Oxfam. ...
United Airlines CEO offers softer apology after stock nosedives image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:27:54 PM
....In one video clip, guards aggressively grab then drag the passenger down the aisle of the plane as other passengers shout: “Oh my God” and “Look what you did to him”. Sean Spicer, the White House press secretary, said he was “sure” that Donald Trump had seen the video. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
. Donald Trump’s comments about China during the US presidential campaign didn’t exactly bolster high hopes for Sino-American relations once he was elected. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
....What of the current moment, shaping up to be the fourth age of Rand? The Randian politicians are still in place: Ryan is now boosted by a cabinet crammed with objectivists. Secretary of state Rex Tillerson named Atlas Shrugged as his favourite book, while Donald Trump’s first choice (later dropped) as labor secretary, Andy Puzder, is the CEO of a restaurant chain owned by Roark Capital Group – a private equity fund named after the hero of The Fountainhead. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
. President Donald Trump’s first major legislative goal – to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”) – has already imploded, owing to Trump and congressional Republicans’ naivety about the complexities of healthcare reform. ...
Free trade warning – IMF, WTO and World Bank say it must be defended image
. Fears that Donald Trump’s arrival in the White House is threatening a new era of protectionism have prompted a joint defence of trade from the International Monetary Fund, the World Bank and the World Trade Organisation. ...
'See you in court': activists ready for Trump to relax smog and drilling rules image
....Such moves, which would be only the latest rollbacks of Obama-era environmental protections, were signalled by administration officials this week. Donald Trump has already made sweeping efforts to boost fossil fuel industries and undo landmark efforts to combat the effects of climate change. ...
US gained only 98,000 jobs in March, putting a chill on Trump's promises image
. The US economy added just 98,000 jobs in March as a cold snap, a government hiring freeze and a faltering retail sector appear to have put the chill on Donald Trump’s promise to boost hiring. ...
Wall Street closes higher after positive jobs figures image
Source : BBC [Read Article] Thursday 6th of April 2017 09:02:14 PM
....Earlier, new weekly US claims for jobless benefits fell to 234,000 from the previous week, down 25,000, the biggest weekly fall since April 2015. However, shares had retreated from earlier highs by the close, with some commentators noting uncertainty among investors about President Donald Trump's meeting with Chinese Premier Xi Jinping in Florida. ...
Pepsi pulls Kendall Jenner advert amid outcry image
Source : BBC [Read Article] Wednesday 5th of April 2017 06:38:27 PM
....For nearly two years, there have been protests about the use of force by police against African Americans. And since the election, there have also been demonstrations against President Donald Trump. ...
From Coke’s flower power to Kendall Jenner’s Pepsi ad – how ads co-opt protest image
.... It seemed like an attempt to hoodwink its intended audience, and if there is one thing young people are wise to, it’s any sense that they’re being cheated. Kalle Lasn, editor of the anti-consumerist publication Adbusters, says: “It’s the highest order mindfuck I’ve ever seen – the Donald Trump of commercial advertising. ...
Trump's trade tactics image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:33:23 PM
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
. President Donald Trump has promised sweeping reforms to "horrendous" US banking regulations that were introduced after the financial crisis. ...
Will populist leaders stifle the global recovery – or vice versa? image
Source : Guardian [Read Article] Tuesday 4th of April 2017 03:32:12 PM
....With the International Monetary Fund/World Bank meetings coming up later this month in Washington, DC, leading central bankers and finance ministers will have ringside seats at Ground Zero. Who can doubt that US president Donald Trump will make a Twitter punching bag out of any of them who dares criticise his administration’s planned retreat from open trade and leadership in multilateral financial institutions?. ...
US withdraws funding for United Nations Population Fund image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:39:15 AM
....In 2015, it received $979m in donations, with the US being its fourth-largest donor. Earlier this year, President Donald Trump reinstated a ban on US funding of any international organisation that provided any kind of abortion service or advice. ...
Global productivity slowdown risks creating instability, warns IMF image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:56:41 PM
....”. Lagarde did not mention the US president, Donald Trump, by name but she had a clear warning for him and other politicians who have pursued a more protectionist stance on global trade, seemingly to the approval of many voters who feel they have been left behind by globalisation. ...
Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz image
....There is every reason to believe such intrusions will continue. Given Donald Trump’s deep ties with unsavoury Russian characters (themselves closely linked to Putin), Americans are deeply concerned about potential Russian influences in the US – matters that may be clarified by ongoing investigations. ...

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