Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
Top White House economic advisor Gary Cohn says he seriously considered resigning after President Donald Trump's reaction to the violent protests in Charlottesville, Virginia.
"I have come under enormous pressure both to resign and to remain in my current position," Cohn said during an interview with the Financial Times about economic policy.
"As a Jewish-American, I will not allow neo-Nazis ranting 'Jews will not replace us' to cause this Jew to leave his job. I feel deep empathy for all who have been targeted by these hate groups. We must all unite together against them," Cohn said.
The former president of Goldman Sachs has said that the administration "must do better" when condemning neo-Nazis and white supremacists. Initially following the protests the president blamed "both sides" for causing protests to become deadly. Trump also said there were some "very fine people" among the white supremacist protesters.
Cohn met with Trump privately last Friday and even drafted a resignation letter, The New York Times reported.
Cohn leads the White House national economic council and is jointly guiding Trump's effort to enact tax reform with Treasury secretary Steve Mnuchin.
"Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the KKK," Cohn said in the interview.
Trump himself has also signaled that Cohn is a top contender to become the next Federal Reserve chairman should Janet Yellen be replaced. Leaving the White House would squelch virtually any chance Cohn would have at attaining the Fed position.
Cohn told the FT he is "reluctant" to leave the administration because he feels a duty to the American people.
It's unclear how Trump will respond to these comments from Cohn. "A source close to Trump predicts he will explode when he reads the Cohn interview," Axios reported after the FT interview was posted.
Read more from the Financial Times here.