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South Korea's finance chief will assure overseas investors about the country's solid economic fundamentals when he visits the United States this week ahead of the inauguration of President-elect Donald Trump in mid-January, the finance ministry said Sunday. Finance Minister Yoo Il-ho will hold a road show for some 120 overseas investors in New York on Wednesday to explain South Korea's solid fundamentals represented by current account surpluses, stable foreign exchange reserves and further room for monetary easing policies, according to the Ministry of Strategy and Finance.
For your semi-faithful correspondent, 2016 has been a 12-month exercise in humility. I apologize to you, gentle reader, for the errors - all unforced - to which I subjected you.
WASHINGTON Democratic senators plan to aggressively target eight of Donald Trump's Cabinet nominees in the coming weeks and are pushing to stretch their confirmation votes into March an unprecedented break with Senate tradition. Such delays would upend Republican hopes of quickly holding hearings and confirming most of Trump's top picks on Inauguration Day.
In this Dec. 13, 2016, file photo, President-elect Donald Trump speaks during a rally at the Wisconsin State Fair Exposition Center in West Allis, Wis. Trump is embracing some of his top attacks on Hillary Clinton as he forms his new administration, engaging in some of the same behavior he used against his rival during the presidential campaign.
From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : "I know the guys at Goldman Sachs," Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.
One night in early December, a Goldman Sachs partner walked out of the Pierre hotel in Manhattan with a big grin on his face. He'd spent the evening at the bank's annual alumni dinner, and there was a lot to celebrate.
In this Nov. 30, 2016 file photo, Treasury Secretary-designate Steven Mnuchin talks to reporters as he arrives at Trump Tower in New York. There's growing concern among Republicans about the upcoming Senate confirmation hearings Mnuchin, the Wall Street financier Donald Trump has chosen to head the Treasury Department less FILE - In this Nov. 30, 2016 file photo, Treasury Secretary-designate Steven Mnuchin talks to reporters as he arrives at Trump Tower in New York.
Gary Cohn, president of Wall Street bank Goldman Sachs, will play a key role in shaping President-elect Trump's economic policies, as the announced pick to direct the National Economic Council. The selection of the 56-year-old Cohn, announced Monday, again elevates the influence of Goldman Sachs' alumni within the incoming Trump administration.
Cohn will also be the director of the National Economic Council, according to a memo sent out by the Trump transition team This nomination comes after Trump selected a 17-year veteran of the Wall Street mega-bank to head his treasury department Another member of the Goldman Sachs team was officially offered a Trump administration job, with the transition team announcing today that Gary Cohn, the bank's president and COO, would become Donald Trump's top economic adviser. Cohn will be the assistant to the president for economic policy and director of the National Economic, a release from the transition team said.
U.S. President-elect Donald Trump has picked a Goldman Sachs executive to head the White House National Economic Council, local media reported Friday. Gary Cohn, Goldman's president and chief operating officer, has been offered the director of the key economic council to coordinate domestic and international economic issues across the Trump's administration, according to NBC News.
In the heat of the presidential campaign, Donald Trump accused primary rival Ted Cruz of being controlled by Goldman Sachs because his wife, Heidi, previously worked for the Wall Street giant. He slammed Hillary Clinton for receiving speaking fees from the bank.
Singapore plans to bar former Goldman Sachs Group Inc. banker Tim Leissner from its securities industry for 10 years and fined Standard Chartered Plc and Coutts & Co. over breaches related to a scandal-plagued Malaysian sovereign fund.
Mnuchin had long been considered a top contender for the Treasury post but his selection runs counter to the anti-establishment rhetoric of the Trump campaign US president-elect Donald Trump's naming of veteran Wall Street banker and hedge-fund manager Steve Mnuchin to be the next Treasury secretary quickly turned into a polarising appointment as financiers cheered the selection while watchdog groups warned that it could lead to roll-backs of crucial post-crisis regulations. Mnuchin, who was a Goldman Sachs partner before starting Dune Capital Management and later running Pasadena lender OneWest Bank, confirmed the appointment in an early morning appearance on CNBC.
Trump's transition team on Wednesday reportedly appointed two moguls - including another New York City billionaire - to the businessman-turned-President's White House team. The team chose Steven Mnuchin, a 53-year-old banker and film producer, to serve as Treasury secretary, according to the Associated Press.
Steven Mnuchin, President-elect Donald Trump's expected choice to be the nation's 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period in a job that ushered him into Trump's inner circle: head of Trump's campaign finance operation. When Mnuchin, 53, was chosen by Trump as his national finance director in May, he told The Associated Press that the two men had been friends for 15 years.
Steven Mnuchin, President-elect Donald Trump's expected choice to be the nation's 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period in a job that ushered him into Trump's inner circle: head of Trump's campaign finance operation. When Mnuchin, 53, was chosen by Trump as his national finance director in May, he told The Associated Press that the two men had been friends for 15 years.
WASHINGTON, Nov 29 President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary, a source said on Tuesday, putting a Wall Street veteran in the top U.S. economic Cabinet post for the first time in eight years.
Former Goldman Sachs Group Inc. partner Steven Mnuchin has been recommended by Donald Trump's transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice is awaiting the president-elect's final decision. Mnuchin, the campaign's national finance chairman, has been considered the leading candidate for the job.