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

January 10, 2017 By

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

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World’s top banks in U.S. government cross-hairs over dealings with 1MDB

April 1, 2016 By

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 to senior bankers and other people with close links to the state fund, three people with direct knowledge of the matter told Reuters.

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White House threatens veto of rule-based monetary policy bill

November 17, 2015 By

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 the Fed's ability to help the economy, the White House said in a statement. Lawmakers in the U.S. House of Representatives cleared the way on Tuesday for vote on the bill, called the Fed Oversight Reform and Modernization Act, as soon as Wednesday.

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White House threatens veto of rule-based monetary policy bill

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