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KKR hires former Australian Prime Minister Turnbull as global senior advisor

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HONG KONG (Reuters) – KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday. FILE PHOTO: Australian Prime Minister Malcolm Turnbull gestures during a joint news conference with U.S. President Donald Trump (not pictured) at the White House in Washington, U.S., Read More

Trump vows rapid, high tariffs on Mexico unless illegal immigration ends

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WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting much higher until the flow of people ceases. Trump’s move dramatically escalates his battle to control a wave Read More

Hard for Xi, Trump to make progress on trade: former China central bank chief

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BEIJING (Reuters) – China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Containers are seen at a logistics center near Read More

U.S., China firms scramble as new tariffs hurt business

2 months ago DieselGasoil Comments Off on U.S., China firms scramble as new tariffs hurt business
SHANGHAI/LOS ANGELES (Reuters) – Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines – from chardonnays to zinfandels – out of warehouses in the city’s free trade zone before they are hit with an extra tariff that kicks in on Saturday. FILE PHOTO: Employees work on a vinyl Read More

Mexico central bank board member says this is ‘game changer’ after U.S. tariff threat

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MEXICO CITY (Reuters) – Mexican central bank board member Jonathan Heath said on Twitter Thursday night “this is a game changer,” after U.S. President Donald Trump vowed to impose a tariff on all goods coming from Mexico if the flow of illegal immigrants across the southern border is not stopped. Reporting by Anthony Esposito Read More

‘Gold is more stable’: Malaysia needles US with proposal for pan-Asian bullion-backed currency

2 months ago DieselGasoil Comments Off on ‘Gold is more stable’: Malaysia needles US with proposal for pan-Asian bullion-backed currency
Malaysian PM Mahathir Mohamad has floated the idea of creating a gold-backed common trading currency for all of East Asia, slamming regional currency exchange as “manipulative” and criticizing the US’s heavy-handed foreign policy. “In the Far East, if you want to come together, we should start with a common trading currency, not to be used Read More

Ex-China central bank chief says progress at Xi-Trump Japan meet ‘difficult’

2 months ago DieselGasoil Comments Off on Ex-China central bank chief says progress at Xi-Trump Japan meet ‘difficult’
BEIJING (Reuters) – China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former Chinese central bank chief said on Friday. Containers are seen at a logistics center Read More