Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Traders and US partners already had one surprise in Davos this week when Treasury Secretary Steven Mnuchin appeared to back away from decades of support by his predecessors for a "strong dollar" policy. He declared "a weaker dollar is good for us", flouting US commitments in international fora such as the G20.

International Monetary Fund chief Christine Lagarde on Thursday urged Mnuchin to "clarify" his stance on the dollar. European Central Bank head Mario Draghi reminded trading partners to "refrain" from language that could cause currency volatility.

A weak dollar would potentially boost US exporters but cause headaches for all other trading nations.

In comments to CNBC that helped the dollar recover some lost ground, Trump said Mnuchin had been misquoted.

The Treasury secretary told reporters Thursday: "We are not concerned with where the dollar is in the short term, it is a very liquid market and we believe in free currencies."

But Mnuchin's apparently hands-off approach was taken as reinforcing a broad offensive in trade built on the "America First" platform Air Max 90 Kids Shoes ,.

It drew the ire of French Finance Minister Bruno Le Maire.

"We want exchange rates to reflect economic fundamentals ... and we shouldn't play with these rates," Le Maire said in Davos.

Business leaders in Davos have this week offered a broad welcome to controversial tax reforms enacted by Trump's Republicans, which slashed the headline rate of US corporate tax. But European political leaders fear a "race to the bottom" as the United States jockeys for an edge among foreign investors.


A year ago, the Davos spotlight was claimed by China's communist leader Xi Jinping, who took up the torch of global trade to the delight of the well-heeled audience then anxious about Trump's inauguration.

The Davos elite are keen now to see which version of Trump will speak on Friday - the business-friendly tycoon or the leader who berated the rest of the world at the UN General Assembly last September.

"I think they've already built down their expectations so far that anything he may say that's conciliatory Air Max 90 Mens Shoes , they'll be grateful for," Robert Kaplan, senior fellow at Washington's Center for a New American Security, told AFP at the forum.

French President Emmanuel Macron and German Chancellor Angela Merkel "stole the show" at Davos already, Kaplan added Air Max 90 Womens Shoes , after the European leaders used separate speeches on Wednesday to push back hard against the Trump manifesto.


YANGON, Jan. 28 (Xinhua) -- Myanmar has conducted the first successful kidney transplant operation on a 10-year-old girl at Yangon's Children Hospital, the official Global New Light of Myanmar reported Sunday.

A substituted kidney for the child patient Ma Nan Yu Wei was donated by her 23-year-old brother Ko Aung Zaw Zaw for the operation.

The six-hour kidney transplant operation was jointly carried out by a team of surgeons from Myanmar and Singapore.

Such kidney transplant operations had been performed three times in Mandalay but

CAIRO, . Adil Rami France Jersey Charles Barkley England Jersey Filipe Luis Brazil Jersey Christian Benteke Belgium Jersey Wholesale Argentina Jerseys Francois Moubandje Switzerland Jersey Nicklas Barkroth Sweden Jersey Thiago Alcantara Spain Jersey Yasser Corona Mexico Jersey Toni Kroos Germany Jersey

Sign In or Register to comment.