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 with China presenting itself as a champion of globalization. The Chinese Foreign Ministry on Tuesday confirmed Xi's widely expected attendance at the annual gathering of global political leaders, CEOs and celebrities in the Swiss Alps.

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Xi to be first Chinese leader to attend Davos World Economic Forum

Wall Street rallies as Fed holds fire on rates

NEW YORK (Reuters) – Wall Street racked up gains on Wednesday, and the Nasdaq closed at a record high, after the U.S. Federal Reserve kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market.

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Wall Street rallies as Fed holds fire on rates