Tag: world
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Xi to be first Chinese leader to attend Davos World Economic Forum
BEIJING/GENEVA (Reuters) – President Xi Jinping this month will become the first Chinese head of state to attend the World Economic Forum (WEF) in Davos, which this year will dwell on the rising public anger with globalization and the coming U.S. presidency of Donald Trump. Xi will take centre stage at the Jan. 17-20 forum…
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World’s top banks in U.S. government cross-hairs over dealings with 1MDB
By Praveen Menon and Saeed Azhar KUALA LUMPUR (Reuters) – U.S. Department of Justice officials have asked Deutsche Bank AG and JPMorgan Chase & Co to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund widen. U.S. Department of Justice officials also traveled to Kuala Lumpur to speak…
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White House threatens veto of rule-based monetary policy bill
By Jason Lange WASHINGTON (Reuters) – The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would “severely damage” the U.S. economy. The Obama administration opposes the proposal because it would hinder…