RSS Category: Business News

U.S. to move ahead with Mexico trade pact, keep talking to Canada

U.S. to move ahead with Mexico trade pact, keep talking to Canada

Contentious U.S.-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade Agreement after the mood soured, and President Donald Trump notified Congress of his intent to sign a bilateral trade pact with Mexico. Reuters: Business News

September 1, 2018 | By | Reply More
Trump allows targeted relief on steel, aluminum quotas: Commerce Department

Trump allows targeted relief on steel, aluminum quotas: Commerce Department

U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotes from some countries, the U.S. Commerce Department said on Wednesday. Reuters: Business News

August 30, 2018 | By | Reply More
U.S., Mexico reach NAFTA deal, turn up pressure on Canada

U.S., Mexico reach NAFTA deal, turn up pressure on Canada

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. Reuters: Business News

August 27, 2018 | By | Reply More
Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes

Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes

Tesla Inc Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. Reuters: Business News

August 26, 2018 | By | Reply More
Trump says Mexico trade deal near; NAFTA hurdles seen easing

Trump says Mexico trade deal near; NAFTA hurdles seen easing

President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with Mexico soon as the incoming Mexican trade negotiator signaled possible solutions to NAFTA energy rules and a contentious U.S. “sunset clause” demand. Reuters: Business News

August 25, 2018 | By | Reply More
Fed’s Powell defends policy of gradual interest rate hikes

Fed’s Powell defends policy of gradual interest rate hikes

Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. Reuters: Business News

August 24, 2018 | By | Reply More
Exclusive: Aramco listing plan halted, oil giant disbands advisors – sources

Exclusive: Aramco listing plan halted, oil giant disbands advisors – sources

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday. Reuters: Business News

August 22, 2018 | By | Reply More
S&P hits record, equals longest bull-run

S&P hits record, equals longest bull-run

The benchmark S&P 500 hit an all-time intraday high on Tuesday, the same day it equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute. Reuters: Business News

August 21, 2018 | By | Reply More
Dow, S&P higher on trade talk optimism, Nasdaq slips on tech weakness

Dow, S&P higher on trade talk optimism, Nasdaq slips on tech weakness

The S&P 500 and Dow Industrials rose on Monday on optimism around the upcoming Sino-U.S. trade talks, but the Nasdaq fell as technology stocks retreated. Reuters: Business News

August 20, 2018 | By | Reply More
Iran says no OPEC member can take over its share of oil exports

Iran says no OPEC member can take over its share of oil exports

Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales. Reuters: Business News

August 19, 2018 | By | Reply More