U.S. President Barack Obama and President-elect Donald Trump met on Thursday for the first time, setting aside the deep rancor that dominated the long campaign season to discuss the transition to the Republican's inauguration on Jan. 20. U.S. President Barack Obama and President-elect Donald Trump met on Thursday for the first time, setting aside the deep rancor that dominated the long campaign season to discuss the transition to the Republican's inauguration on Jan. 20. Their 90-minute meeting in the White House Oval Office, with no aides present, took place just two days after Trump's stunning election victory over Hillary Clinton, Obama's former secretary of state. Obama, who vigorously campaigned for his fellow Democrat to succeed him, had repeatedly called Trump unfit for the president's office, while the businessman had often dubbed Obama's eight-year tenure a "disaster." But in separate post-election remarks on Wednesday, both men appeared to seek to help the country heal … [Read more...] about Trump and Obama set campaign rancor aside with White House meeting
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Republican Donald Trump hired the pugnacious head of a conservative news website and promoted a woman in a shakeup of his troubled presidential campaign, an indication he is determined to maintain his combative style while honing his message to the voters who have taken him this far. Stephen Bannon, the head of Breitbart News, the conservative website that is seen as one of the unorthodox candidate's most enthusiastic and steadfast backers, was hired to a new position of campaign CEO. Pollster Kellyanne Conway, who has been an adviser, will take on the role of campaign manager, the Trump campaign announced on Wednesday. The shake-up comes as Trump faces criticism from many Republicans over a series of controversial statements and opinion polls show him falling behind Democratic candidate Hillary Clinton in the race for the Nov. 8 election. Bannon's appointment suggested that Trump is aiming not so much to tone down his aggressive style but to be more disciplined in emphasizing themes … [Read more...] about Trump shakes up campaign, names combative news executive in senior role Reuters
Held Wednesday in Ho Chi Minh City, FPT Tech Day 2016 enabled Vietnam’s startup community to meet with and showcase their solutions to local and international tech experts. The event, organized by Vietnam’s leading tech firm FPT, also attracted a number of young visitors, seeking to discover the latest made-in-Vietnam apps and technologies. Among the key foreign guests were Rajan Anandan, vice president and managing director of Google Southeast Asia and India, and Kirsten Gilbertson, public and private cloud sales lead with Microsoft in Asia-Pacific. Some successful Vietnamese startups also attended the event, including mobile e-wallet MoMoand English pronunciation assistant app ELSA. In March, M_Service, the operator of MoMo, received a combined US$28 million investment from Standard Chartered Private Equity, which invested $25 million, and Goldman Sachs, which put in an additional $3 million on top of its existing $5.75 million funding. In the meantime, ELSA, … [Read more...] about Vietnamese startup community showcases solutions at FPT Tech Day
A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing, suggesting the worst of the supply glut may be over. Oil prices in global markets have been lifted in the past week by news of falling U.S. production and output disruptions in Canada and Nigeria. The production cuts are seen helping to rebalance a market awash with excess crude oil, pushing up prices for NYMEX June futures delivery CLc1 up as much as 11 percent in the last four days. It settled on Monday at $47.72 a barrel. Traders are watching the relationship between futures contracts expiring later this year and similar contracts expiring in late 2018. The spread, or contango, has narrowed to its smallest margin since November 2014. The narrowing contango suggests excess supply is finally being reduced after years of overproduction, but if U.S. shale producers ramp up drilling … [Read more...] about Oil rally suggests supply worries wane, but for how long?
US banking powerhouse Goldman Sachs said Friday it was more than tripling the salary of chief executive Lloyd Blankfein to $2 million in 2011 from $600,000 last year. The four other top executives of Wall Street's premier investment bank will also see their basic salaries triple from the present $600,000: chief operating officer Gary Cohn, finance director David Viniar, and two vice presidents Michael Evans and John Weinberg will each earn $1.85 million, Goldman said in a document published Friday. Such sums do not include the year-end bonuses which regularly multiply salaries at the top US banks by several times. Last year Blankfein pulled in a bonus of $9 million. Source AFP … [Read more...] about Salary triples for Goldman CEO Blankfein