The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
WASHINGTON, May 16 (Reuters) - U.S. President Donald Trump is keen to advance talks with Switzerland on a free trade deal, Swiss President Ueli Maurer told reporters in Washington after the first visit by a Swiss president to the Oval Office.
Maurer described the meeting with Trump as constructive and said the U.S. president was "positive" about work on a free trade deal, but wanted to get it done "more quickly than with the EU (European Union)." Specific details were not discussed, he said.
"He thinks we should accelerate the issue," Maurer told reporters after the meeting.
The United States and the European Union are working to launch trade negotiations but the process has taken longer than expected.
Switzerland, the seventh largest foreign investor in the United States with $309 billion, is keen to expand economic ties with the United States, said Maurer, who is also finance minister.
Bilateral Swiss-U.S. trade in goods and services totaled $122 billion in 2017, according to data from the U.S. Trade Representative's office.
Maurer and Trump had been due to meet at the World Economic Forum in Davos, Switzerland in January, but Trump canceled his attendance due to a U.S. government shutdown.
"The fact that Switzerland - a Swiss president - was invited to the White House for the first time confirms that we have good relations ... and that there is a desire to deepen them," Maurer said. "That was an important step which I am convinced will be followed by others."
He said the two leaders also discussed Iran, where Switzerland provides protective and consular services for some 100 U.S. citizens and 12,000 people with both U.S. and Iranian citizenship, but declined to give further details.
The White House earlier said Trump discussed crises in the Middle East and Venezuela in the meeting with Maurer, expressing gratitude for Switzerlands role in facilitating diplomatic relations on behalf of the United States.
Switzerland is ready to play a similar role in Venezuela, but is waiting for approval by Caracas, Maurer said.
Also on the agenda, Maurer said, were China and Huawei Technologies Co Ltd, which the U.S. Commerce Department on Thursday formally placed on its "Entity List" - a move that bans the Chinese telecom giant from buying components from U.S. companies without U.S. government approval.
Maurer, who met with Chinese President Xi Jinping in Beijing in April, said his country had chosen a different path in dealing with China than Washington, preferring to advocate for its values directly with Beijing.
He said Switzerland had banned all foreign companies from providing services or hardware for its critical infrastructure, but Huawei was present in the private commercial market. (Reporting by Andrea Shalal in Washington Editing by James Dalgleish)