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January, 19, 2017

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Business > Global Markets
Trump vows to withdraw from TPP 'on day one'
Donald Trump on Monday announced the United States would signal its withdrawal from the Trans-Pacific Partnership (TPP) trade deal on his first day in the White House, as one of six immediate steps aimed at "putting America first."
 
A Trump presidency could boost flagging oil prices in the long term but the upcoming meeting of major producers may be the bigger influence for now.
 
World leaders take aim at Trump over trade
Several U.S. allies took aim at Donald Trump's views on global trade, while China's president made an impassioned call against the sort of protectionism favored by the president-elect at a summit of Asian-Pacific leaders on Saturday.
 
A summit of top world leaders was urged Friday to fight rising protectionism after Donald Trump's election victory stoked fears that free trade is under threat, and the global economy along with it.
 
Obama arrives in Peru facing tough questions on Trump
Barack Obama touched down in Peru late Friday on the final foreign visit of his eight-year presidency, facing tough questions from assembled Pacific leaders about Donald Trump's election victory.
 
The dollar extended gains across the board in Asian trade Friday as investors honed in on bullish comments from Federal Reserve boss Janet Yellen on interest rates.
 
Asian markets were hit by fresh volatility Thursday as uncertainty permeates trading floors after Donald Trump's shock election win, while the dollar pushed back up on expectations of a U.S. interest rate hike.
 
Energy firms led a rally in Asia equities markets on Wednesday after oil prices soared on hopes for a deal by producers to cut output, while the dollar settled back after its latest gains.
 
The United Nations children's agency is taking a cue from Silicon Valley and making venture capital investments in emerging market tech startups to create solutions for some of the most pressing problems facing children today.
 
The lack of investment in new oil projects risks creating a new market upheaval in several years, the International Energy Agency (IEA) warned on Wednesday.
 
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