Trump accuses JPMorgan, Bank of America of discrimination
Trump, in an interview on CNBC on Tuesday (Wednesday AEST), said the country's largest bank, JPMorgan, refused to accept more than $US1 billion ($1.5 billion) in deposits from his family business after his first term.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Canberra Times
17 minutes ago
- Canberra Times
Putin hopes to meet Trump next week, possibly in UAE
A meeting between the two presidents would be their first since Mr Trump returned to office this year. And a face-to-face meeting would be the first between a sitting US and Russian president since Joe Biden met Putin in Geneva in June 2021, some eight months before Russia launched the biggest attack on a European nation since World War II.
News.com.au
an hour ago
- News.com.au
Kremlin says Trump-Putin meeting agreed for 'coming days'
The Kremlin said Thursday that a summit between Donald Trump and Vladimir Putin was set for the "coming days", both sides having already agreed the venue "in principle". The summit would be the first between sitting US and Russian presidents since Joe Biden met Putin in Geneva in June 2021. It comes as Trump seeks to broker an end to Russia's military assault on Ukraine. Three rounds of direct talks between Moscow and Kyiv have failed to yield any progress towards a ceasefire. The two sides appear as far apart as ever in the conditions they have set for an end to the more than three-year-long conflict. Trump said Wednesday he was likely to meet Putin face-to-face "very soon." They last sat together in 2019 at G20 summit meeting in Japan but have spoken by phone several times since Trump returned to the White House. "At the suggestion of the American side, an agreement has been reached in principle to hold a bilateral summit in the coming days," Kremlin aide Yuri Ushakov said Thursday in a Kremlin statement. "We are now starting to work out the details together with our American colleagues," he added. The Kremlin said a venue had also been agreed "in principle", but did not name it. "Next week has been set as a target date," said Ushakov. - Putin-Zelensky meeting? - Tens of thousands have been killed since Russia launched its military offensive on Ukraine in February 2022. Russian bombardments have forced millions for flee their homes and destroyed swathes of eastern and southern Ukraine. Putin has resisted multiple calls from the United States, Europe and Kyiv for a ceasefire. At talks in Istanbul, Russian negotiators have outlined hardline territorial demands if Ukraine wants Russia to halt its advance -- calling for Kyiv to withdraw from territory it still controls and renounce Western military support. Moscow has also repeatedly sought to cast doubt on Zelensky's legitimacy and ruled out a meeting between the two leaders until after the terms of a peace deal have been agreed. The announcement of the upcoming summit comes a day after US envoy Steve Witkoff met Putin in Moscow. Witkoff proposed a trilateral meeting with Ukrainian President Volodymyr Zelensky, but Russia did not respond to that proposal, Ushakov said. "The Russian side left this option completely without comment," he added. Zelensky earlier Thursday had refreshed his call for a meeting with Putin -- which he says is the only way to make progress towards peace. "It is necessary to determine the timing for such a format and the range of issues to be addressed," he wrote on social media. The Ukrainian leader later spoke with German Chancellor Friedrich Merz. Both "praised the mediation efforts" of Trump, a German government spokesman said. But Zelensky also called for Europe to be included in any potential peace talks. "The war is happening in Europe, and Ukraine is an integral part of Europe -- we are already in negotiations on EU accession. Therefore, Europe must be a participant in the relevant processes," Zelensky said on social media after the call. He also said he would hold several other conversations throughout the course of the day, including with French and Italian officials. "Today, security advisors will hold an online meeting to align our joint views -- Ukraine and the whole Europe, the United States," Zelensky said. "Ukraine is not afraid of meetings and expects the same brave approach from the Russian side. It is time we ended the war," he added. bur/jj/giv
The Advertiser
2 hours ago
- The Advertiser
Asia stocks end mostly higher on US rate cut hopes
Asian stocks mostly advanced on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings, growing hopes for a ceasefire in Ukraine and expectations for US rate cuts boosted sentiment. Markets largely shook off US President Donald Trump's latest tariff volleys, including an additional 25 per cent tariff on US imports from India over purchases of Russian oil and a threatened 100 per cent duty on chips. "It's surprising that everything that gets thrown at the market that it just continues to melt-up," said Eddie Kennedy, head of bespoke discretionary fund management at Marlborough. Europe's STOXX 600 rose 0.5 per cent, with major indexes in Frankfurt and Paris up one per cent and 0.8 per cent, respectively. Britain's FTSE 100 was the outlier, dropping 0.3 per cent. In Asia, Japan's broad Topix index rose 0.7 per cent to a record closing high, with the more tech-focused Nikkei climbing 0.65 per cent. In China, stocks rose for a fourth straight day to close at a three-and-a-half year high as upbeat export data added fuel to the recent market rally. The Shanghai Composite index climbed 0.2 per cent 3,639.67, the highest such close since December 2021. The blue-chip CSI300 index was little changed. Hong Kong's Hang Seng index rose 0.69 per cent. Taiwan's stock benchmark surged as much as 2.6 per cent to a more than one-year peak. Shares in chipmaker TSMC, which this year announced additional investment in its US production facilities, soared 4.9 per cent to a record high. The KOSPI added 0.6 per cent, with South Korea's top trade envoy saying Samsung Electronics and SK Hynix would not be subject to 100 per cent tariffs. US S&P 500 futures rose 0.3 per cent. On Wednesday, the cash index climbed 0.7 per cent. "Wall Street seems to have gotten its mojo back," analyst Kyle Rodda wrote in a note. "However, there are persistent risks to the downside. Downside surprises in official data are increasing," he said. "Valuations are also stretched, with forward price to earnings hovering around the highest in four years. And trade uncertainty persists." The US dollar remained lower against major peers on Thursday, with expectations of easier policy from the Federal Reserve stoked both by some disappointing macroeconomic indicators - not least Friday's payrolls report - and Trump's move to install new picks on the Fed board that are likely to share the US President's dovish views on monetary policy. Focus is centring on Trump's nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank, with current Chair Jerome Powell's tenure due to end in May. The benchmark 10-year US Treasury yield was little changed at 4.2365 per cent. The two-year yield, which is more sensitive to changes in interest rate expectations, was up one basis point at 3.7134 per cent, close to a three-month low of 3.659 per cent touched on Monday. The dollar index, which gauges the currency against the euro, sterling and four other counterparts, eased 0.2 per cent to 98.031, extending a 0.6 per cent drop from Wednesday. The euro added 0.2 per cent to $US1.1686, following the previous session's 0.7 per cent jump. Sterling rose 0.2 per cent to $US1.3378. The BoE looks poised to cut interest rates for the fifth time in 12 months later on Thursday, but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves. Two Monetary Policy Committee members may push for a half-point rate cut, and two may lobby for no change. In commodities, spot gold added 0.3 per cent to $US3,376 an ounce, after earlier hitting its highest level in two weeks. with DPA Asian stocks mostly advanced on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings, growing hopes for a ceasefire in Ukraine and expectations for US rate cuts boosted sentiment. Markets largely shook off US President Donald Trump's latest tariff volleys, including an additional 25 per cent tariff on US imports from India over purchases of Russian oil and a threatened 100 per cent duty on chips. "It's surprising that everything that gets thrown at the market that it just continues to melt-up," said Eddie Kennedy, head of bespoke discretionary fund management at Marlborough. Europe's STOXX 600 rose 0.5 per cent, with major indexes in Frankfurt and Paris up one per cent and 0.8 per cent, respectively. Britain's FTSE 100 was the outlier, dropping 0.3 per cent. In Asia, Japan's broad Topix index rose 0.7 per cent to a record closing high, with the more tech-focused Nikkei climbing 0.65 per cent. In China, stocks rose for a fourth straight day to close at a three-and-a-half year high as upbeat export data added fuel to the recent market rally. The Shanghai Composite index climbed 0.2 per cent 3,639.67, the highest such close since December 2021. The blue-chip CSI300 index was little changed. Hong Kong's Hang Seng index rose 0.69 per cent. Taiwan's stock benchmark surged as much as 2.6 per cent to a more than one-year peak. Shares in chipmaker TSMC, which this year announced additional investment in its US production facilities, soared 4.9 per cent to a record high. The KOSPI added 0.6 per cent, with South Korea's top trade envoy saying Samsung Electronics and SK Hynix would not be subject to 100 per cent tariffs. US S&P 500 futures rose 0.3 per cent. On Wednesday, the cash index climbed 0.7 per cent. "Wall Street seems to have gotten its mojo back," analyst Kyle Rodda wrote in a note. "However, there are persistent risks to the downside. Downside surprises in official data are increasing," he said. "Valuations are also stretched, with forward price to earnings hovering around the highest in four years. And trade uncertainty persists." The US dollar remained lower against major peers on Thursday, with expectations of easier policy from the Federal Reserve stoked both by some disappointing macroeconomic indicators - not least Friday's payrolls report - and Trump's move to install new picks on the Fed board that are likely to share the US President's dovish views on monetary policy. Focus is centring on Trump's nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank, with current Chair Jerome Powell's tenure due to end in May. The benchmark 10-year US Treasury yield was little changed at 4.2365 per cent. The two-year yield, which is more sensitive to changes in interest rate expectations, was up one basis point at 3.7134 per cent, close to a three-month low of 3.659 per cent touched on Monday. The dollar index, which gauges the currency against the euro, sterling and four other counterparts, eased 0.2 per cent to 98.031, extending a 0.6 per cent drop from Wednesday. The euro added 0.2 per cent to $US1.1686, following the previous session's 0.7 per cent jump. Sterling rose 0.2 per cent to $US1.3378. The BoE looks poised to cut interest rates for the fifth time in 12 months later on Thursday, but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves. Two Monetary Policy Committee members may push for a half-point rate cut, and two may lobby for no change. In commodities, spot gold added 0.3 per cent to $US3,376 an ounce, after earlier hitting its highest level in two weeks. with DPA Asian stocks mostly advanced on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings, growing hopes for a ceasefire in Ukraine and expectations for US rate cuts boosted sentiment. Markets largely shook off US President Donald Trump's latest tariff volleys, including an additional 25 per cent tariff on US imports from India over purchases of Russian oil and a threatened 100 per cent duty on chips. "It's surprising that everything that gets thrown at the market that it just continues to melt-up," said Eddie Kennedy, head of bespoke discretionary fund management at Marlborough. Europe's STOXX 600 rose 0.5 per cent, with major indexes in Frankfurt and Paris up one per cent and 0.8 per cent, respectively. Britain's FTSE 100 was the outlier, dropping 0.3 per cent. In Asia, Japan's broad Topix index rose 0.7 per cent to a record closing high, with the more tech-focused Nikkei climbing 0.65 per cent. In China, stocks rose for a fourth straight day to close at a three-and-a-half year high as upbeat export data added fuel to the recent market rally. The Shanghai Composite index climbed 0.2 per cent 3,639.67, the highest such close since December 2021. The blue-chip CSI300 index was little changed. Hong Kong's Hang Seng index rose 0.69 per cent. Taiwan's stock benchmark surged as much as 2.6 per cent to a more than one-year peak. Shares in chipmaker TSMC, which this year announced additional investment in its US production facilities, soared 4.9 per cent to a record high. The KOSPI added 0.6 per cent, with South Korea's top trade envoy saying Samsung Electronics and SK Hynix would not be subject to 100 per cent tariffs. US S&P 500 futures rose 0.3 per cent. On Wednesday, the cash index climbed 0.7 per cent. "Wall Street seems to have gotten its mojo back," analyst Kyle Rodda wrote in a note. "However, there are persistent risks to the downside. Downside surprises in official data are increasing," he said. "Valuations are also stretched, with forward price to earnings hovering around the highest in four years. And trade uncertainty persists." The US dollar remained lower against major peers on Thursday, with expectations of easier policy from the Federal Reserve stoked both by some disappointing macroeconomic indicators - not least Friday's payrolls report - and Trump's move to install new picks on the Fed board that are likely to share the US President's dovish views on monetary policy. Focus is centring on Trump's nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank, with current Chair Jerome Powell's tenure due to end in May. The benchmark 10-year US Treasury yield was little changed at 4.2365 per cent. The two-year yield, which is more sensitive to changes in interest rate expectations, was up one basis point at 3.7134 per cent, close to a three-month low of 3.659 per cent touched on Monday. The dollar index, which gauges the currency against the euro, sterling and four other counterparts, eased 0.2 per cent to 98.031, extending a 0.6 per cent drop from Wednesday. The euro added 0.2 per cent to $US1.1686, following the previous session's 0.7 per cent jump. Sterling rose 0.2 per cent to $US1.3378. The BoE looks poised to cut interest rates for the fifth time in 12 months later on Thursday, but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves. Two Monetary Policy Committee members may push for a half-point rate cut, and two may lobby for no change. In commodities, spot gold added 0.3 per cent to $US3,376 an ounce, after earlier hitting its highest level in two weeks. with DPA Asian stocks mostly advanced on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings, growing hopes for a ceasefire in Ukraine and expectations for US rate cuts boosted sentiment. Markets largely shook off US President Donald Trump's latest tariff volleys, including an additional 25 per cent tariff on US imports from India over purchases of Russian oil and a threatened 100 per cent duty on chips. "It's surprising that everything that gets thrown at the market that it just continues to melt-up," said Eddie Kennedy, head of bespoke discretionary fund management at Marlborough. Europe's STOXX 600 rose 0.5 per cent, with major indexes in Frankfurt and Paris up one per cent and 0.8 per cent, respectively. Britain's FTSE 100 was the outlier, dropping 0.3 per cent. In Asia, Japan's broad Topix index rose 0.7 per cent to a record closing high, with the more tech-focused Nikkei climbing 0.65 per cent. In China, stocks rose for a fourth straight day to close at a three-and-a-half year high as upbeat export data added fuel to the recent market rally. The Shanghai Composite index climbed 0.2 per cent 3,639.67, the highest such close since December 2021. The blue-chip CSI300 index was little changed. Hong Kong's Hang Seng index rose 0.69 per cent. Taiwan's stock benchmark surged as much as 2.6 per cent to a more than one-year peak. Shares in chipmaker TSMC, which this year announced additional investment in its US production facilities, soared 4.9 per cent to a record high. The KOSPI added 0.6 per cent, with South Korea's top trade envoy saying Samsung Electronics and SK Hynix would not be subject to 100 per cent tariffs. US S&P 500 futures rose 0.3 per cent. On Wednesday, the cash index climbed 0.7 per cent. "Wall Street seems to have gotten its mojo back," analyst Kyle Rodda wrote in a note. "However, there are persistent risks to the downside. Downside surprises in official data are increasing," he said. "Valuations are also stretched, with forward price to earnings hovering around the highest in four years. And trade uncertainty persists." The US dollar remained lower against major peers on Thursday, with expectations of easier policy from the Federal Reserve stoked both by some disappointing macroeconomic indicators - not least Friday's payrolls report - and Trump's move to install new picks on the Fed board that are likely to share the US President's dovish views on monetary policy. Focus is centring on Trump's nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank, with current Chair Jerome Powell's tenure due to end in May. The benchmark 10-year US Treasury yield was little changed at 4.2365 per cent. The two-year yield, which is more sensitive to changes in interest rate expectations, was up one basis point at 3.7134 per cent, close to a three-month low of 3.659 per cent touched on Monday. The dollar index, which gauges the currency against the euro, sterling and four other counterparts, eased 0.2 per cent to 98.031, extending a 0.6 per cent drop from Wednesday. The euro added 0.2 per cent to $US1.1686, following the previous session's 0.7 per cent jump. Sterling rose 0.2 per cent to $US1.3378. The BoE looks poised to cut interest rates for the fifth time in 12 months later on Thursday, but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves. Two Monetary Policy Committee members may push for a half-point rate cut, and two may lobby for no change. In commodities, spot gold added 0.3 per cent to $US3,376 an ounce, after earlier hitting its highest level in two weeks. with DPA
