White House disbands another advisory council, this one on infrastructure

Trump's chief strategist Steve Bannon fired

Cohn is leading the White House's tax reform efforts.

The council, which had not yet been assembled, would have provided the White House with advice on how to spend billions of dollars to improve the nation's roads, bridges and railways.

In the latest shakeup, the White House said Trump on Friday fired chief strategist Steve Bannon, known as an economic nationalist and an advocate of "America First" policies.

A turning point came on Wednesday, when Trump disbanded two business councils after it became clear that there would be a mass exodus of CEOs from the groups.

Volatility in Japan, South Korea and Hong Kong increased after a measure of market fluctuations spiked higher during USA trading, while Australian bonds rose with the yen as investors sought havens.

"Heightened policy uncertainty may not be conducive to the investment climate and the same moment the Fed raises the decibel of its warning about asset prices", Chandler said, referring to recent Federal Reserve comments on US share valuations.

Cohn is also seen as the favourite to run the Federal Reserve, although rumours are swirling that he might leave the Trump administration after the president's behaviour following the Charlottesville rally.

USA stocks have rallied on hopes of pro-growth policies from the Trump administration, and could take a hit if the White House strays away from tax reform, deregulation or other pro-growth measures.

You could say that Cohn, like the rest of Trump's staff, did Nazi the president's praise coming.

A former administration official said Cohn was anxious about his professional reputation being ruined, which is by far more valuable to him than anything one could imagine. McConnell's statement did not mention Trump by name. "If he's choosing not to provide that moral leadership, the business community is a place that includes leaders that can".

Trump largely rejected the condemnation during a press conference Tuesday, when he said members of what he deemed the "alt-left" were also to blame for the violence.

In London, British Prime Minister Theresa May offered a rare rebuke of Trump by one of the United States' closest foreign allies.

Bannon is considered a champion of the far right wing and had feuded with Trump's son-in-law Jared Kushner, who is viewed by some as a more moderate figure.

Politicians in Germany, which has tough laws against hate speech and any symbols linked to the Nazis who murdered six million Jews in the Holocaust, expressed shock at the images of people in Charlottesville carrying swastikas and chanting anti-Jewish slurs. Sterling edged lower against the dollar on Friday and is set for its biggest weekly decline in more than two months as investors lightened positions after the week of lackluster data quashed expectations of policy tightening in the coming months.

TOKYO: Asian stocks edged higher on Thursday as tensions between the United States and North Korea came off the boil, while the Federal Reserve's concerns about weak USA inflation weighed on the U.S. dollar. "It's against our Values and everything we've stood for since 1775".

Their comments followed similar ones from the top officers of the Navy and Marine Corps.

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