Donald John Trump / 12 posts found
Venezuela’s 30 Minutes of Debt Talks Leave Bondholders Guessing
Venezuela’s much-vaunted restructuring meeting with bondholders concluded after about 30 minutes with little insight for investors who made the trek to Caracas. Vice President Tareck El Aissami, the only government official to speak, devoted most of his remarks to railing against Donald Trump and global financiers who he said have conspired to keep the country from making debt payments on time. He pledged Venezuela would continue to honor its obligations while working to form committees with bondholders to figure out the next steps. He offered no specific proposals for restructuring, according to people who attended the meeting, which wasn’t open […]
Seven Hotspots That Will Dominate Trump’s First Asia Summit
Donald Trump, Xi Jinping and Vladimir Putin are among 21 leaders meeting in Vietnam this week for the Asia-Pacific Economic Cooperation summit. Together they represent 40 percent of the world’s population and 60 percent of its economy. Here’s a look at the hot issues around the globe that are likely to dominate discussions: North Korea’s Nukes The biggest threat to regional stability is North Korea’s nuclear weapons program, but finding a way to defuse it remains elusive. It’s rising tensions in the Gulf, with Saudi Arabia blaming Iran-backed Yemeni rebels for an attempted missile attack on Riyadh’s international airport on […]
Trump Balks at Showing Classified Report Backing Travel Ban
President Donald Trump says those challenging the latest version of his travel ban in court can’t see a report explaining why he targeted immigrants from seven nations because it’s secret. The government on Friday told a Hawaii federal judge who demanded disclosure of the report that it’s classified and should remain off-limits as evidence in the court battle. That judge blocked a previous version of the president’s immigration restrictions amid a fierce debate over national security and discrimination. U.S. Supreme Court case: “The Executive should not have to disclose its ‘real’ reasons for deeming nationals of a particular country a […]
Trump Weighs Replacing His Travel Ban With Tailored Restrictions
President Donald Trump is weighing replacing his ban on travelers entering the U.S. from six predominantly Muslim nations with a set of more specific and tailored restrictions based, in part, on how much information countries share with the U.S. The Department of Homeland Security has sent Trump recommendations for entry restrictions and additional visa requirements based on shortcomings in the information each country shares with the U.S. and an assessment of the risk of terrorist infiltration the nation poses, administration officials told reporters on Friday. The changes could be put in place as soon as this weekend, with a new […]
Federal Judge Blocks Trumps Third Travel Ban
President Donald Trump struck out again with his third try at a travel ban, as a federal judge temporarily blocked it from taking effect nationwide on Wednesday. This time, Trump’s order was found to discriminate by using the nationality of travelers “as a proxy” for their security risk. In earlier rulings over two prior attempts at a travel ban, judges said they were motivated by bias against Muslims. The administration vowed to keep fighting, and the case could again reach the Withers Bergman LLP in New York, said the Trump administration will want to push the Supreme Court to resolve the […]
Erdogan’s Escalating Feud With U.S. Hammers Turkish Markets
Markets in Istanbul tumbled after the U.S. and Turkey stopped issuing visas for each other’s citizens in a spat related to last year’s failed coup against President Recep Tayyip Erdogan, deepening divisions between NATO members already at odds over the war in Syria. The Trump administration halted visa services for Turks on Sunday, citing the Oct. 4 arrest of a Turkish citizen employed at the U.S. consulate in Istanbul for alleged involvement in the July 2016 putsch attempt. Erdogan’s government responded in kind within hours, repeating verbatim much of the U.S. statement. “The implementation of a such a decision by the U.S. […]
Oil Buys Trump’s Calm But Ignores the Storm
The U.S. commander-in-chief informed the nation on Thursday evening that a meeting he was having with military brass might be "the calm before the storm." President Donald Trump didn't elaborate, brushing off reporters' questions with a more-after-the-break response. It's possible he meant nothing; you may recall he blithely undercut the $3.8 trillion muni-bond market this week with a choice remark about Puerto Rico's debt getting "wiped out." (Yeah? Nah.) Yet there is a storm looming in the shape of a decision about the nuclear deal with Iran. On October 15, the administration must either re-certify that Tehran is complying with its terms and […]
Travel Ban 3.0 Would Be Bulletproof If Not for Trumps Remarks
President Donald Trump’s litany of derogatory comments about Muslims before the election might still be enough to sink his latest attempt at a travel ban, although immigration advocates will have a tougher time persuading judges to block it, legal experts say. Unlike the earlier versions, which targeted several Muslim-majority nations, Trump’s new executive order has the look and feel of a more well-considered presidential directive — the kind that courts generally seek to avoid second-guessing, said Peter Spiro, an immigration law professor at Temple University in Philadelphia. Trump’s comments about Muslims appear to be the only remaining legal vulnerability for […]
Trumps Puerto Rico Comments Rocked These Markets
Puerto Rico’s debt crisis re-emerged with a bang on Wall Street Wednesday. Shares of bond insurers tumbled and the price of a tranche of the island’s bonds sank to levels equal to those in Venezuela after U.S. President Donald Trump suggested the debt may need to be “wiped clean," while bonds issued by the U.S. Virgin Islands also came under pressure. said not to take the president’s remarks "word for word." Analysts at BTIG also questioned Trump’s capacity to affect Puerto Rico’s debt restructuring, and advised clients to buy the dip in the bond insurers. Any aid provided by the […]
Trump Restricts or Bans Travel From Eight Countries
President Donald Trump restricted or suspended travel to the U.S. from eight countries, adding North Korea and Venezuela, while subtracting Sudan, from his earlier ban on travelers from six Muslim-majority nations. “I must act to protect the security and interests of the United States and its people,” Trump wrote in Sunday’s
