Wednesday, 17 July, 2019

Donald Trump, US delegation now likely to attend Davos meeting

Donald Trump, US delegation now likely to attend Davos meeting Donald Trump, US delegation now likely to attend Davos meeting
Russell Knight | 25 January, 2018, 18:36

US President Donald Trump would meet leaders from Britain, Israel and other countries to discuss security issues, including North Korea, the ISIS, the Middle East and Iran, at the World Economic Forum in Davos, the White House said on Wednesday.

"I'm going to Davos right now to get people to invest into the United States", Trump said Wednesday in an address to mayors gathered at the White House. "You have plenty of money.' But I don't think I have to go, because they're coming, they're coming at a very fast clip".

There were never any plans for the two leaders to meet and therefore whether they are present at the same event and are not meeting is not important, he said, adding, "Our focus has always been in a global economy that is open and inclusive". "Our country is finally WINNING again!"

Treasury secretary Steven Mnuchin and commerce secretary Wilbur Ross spoke to journalists as the gathering of business leaders, globalists, academics and other elites prepares for the United States president's arrival on Thursday.

Trump is set to speak Friday at annual gathering of the global pro-trade elite in a move that has raised eyebrows because of his protectionist "America First" policies.

"'America first' is not America alone", Mr. Cohn said. Still, Ross conceded that China could respond by imposing its own tariffs on US products.

McMaster said Trump is eager to talk about ways to boost security and prosperity in Africa.

The International Monetary Fund released a report Monday saying USA growth would jump to 2.7 percent this year, an increase of 0.4 percentage points over its initial projections, because of the tax cuts.

"We are lowering the taxes on companies that should be paying", said Norway's Prime Minister Erna Solberg.

HDFC Bank Limited (HDB) has a market cap of $88.6 Billion
Capwealth Advsrs Limited Liability Corp has invested 0.04% of its portfolio in Wal-Mart Stores, Inc. (NASDAQ:ANIP). The company has a market cap of $80,740.00, a P/E ratio of 88.07, a P/E/G ratio of 1.22 and a beta of 0.84.

Harry Potter River Cruise Coming to England
A river-boat cruise is giving a lucky few the chance to relive the magic of Hogwarts and Harry Potter this summer. The rate is roughly $4,190 a person, though it includes some spectacular sites.

American Airlines reports $1.9 billion profit for 2017
HIMX share have plunged by -22.46% in percentage terms since the start of the year - and retreated -19.04% in the last month. The airline reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.03.

US President will also meet Rwandan President Paul Kagame on Friday.

The meeting with Kagame could bring some awkwardness after Trump was reported to have referred to some African nations as "shitholes" earlier this month. The president said he skipped the trip because he was unhappy with the new embassy's cost and location.

Trump concluded 2017 with the passage of a major tax overhaul, a key policy achievement.

The President's own trip to Davos was also in flux until several hours ago, due to the government shutdown, which has been now been resolved.

In the lead-up to Trump's arrival, other leaders at the meeting have been arguing against any drift toward protectionism in the global economy.

Other leaders in attendance include French President Emmanuel Macron, Indian Prime Minister Narendra Modi and Canadian Prime Minister Justin Trudeau.

The Trump team has come to Davos to take a victory lap after passage of a major reduction in USA taxes and a rollback in regulations.

Ross said USA trade actions were provoked by "inappropriate behaviour on the part of our trading counterparties".

The most vocal champions of Trump's tax cuts are chief executives of major financial companies, which are some of the biggest beneficiaries of the drop in the US corporate tax rate from 35 percent to 21 percent. This year, the theme of the meet is "Creating a Shared Future in a Fractured World".

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