Trump stalls on offering further details regarding the future of his businesses

He has issued a series of tweets on the issue...

US President-Elect Donald Trump has delayed plans to hold a press conference outlining details of the future of his business empire.

A briefing scheduled for December 15th stating how he will separate himself from his business interests will now take place in January.

He did however issue a late night tweet saying that his sons, Don and Eric, will manage the businesses along side other executives and that no new deals will be completed during his term (or terms) as US President.

Sources close to Trump told Bloomberg that this delay comes as the mogul seeks more time as he is busy making appointments ahead of his inauguration.

"Even though I am not mandated by law to do so, I will be leaving my businesses before January 20th," Mr Trump said in another tweet.

PA

His daughter Ivanka Trump was not mentioned - this has fueled speculation that her attention will turn to politics while her father is in office.

Mr Trump owns assets worth some $3.6bn and has debts of $630m spread across more than 500 companies.

Politicians from both sides of the political divide in the US have raised concerns over possible conflicts of interest that business deals could cause - Mr Trump has been called on to offer full details regarding the future of his businesses.

The Electoral College is due to vote on December 19th to formally ratify Mr Trump as the next president of the US. Quartz notes that this process could be complicated by his failure to offer a detailed account of his plans to separate himself from his businesses before that date.