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Home2018October

Month: October 2018

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Business News

Canada’s Trudeau says made difficult compromises to reach new trade deal

October 1, 2018 admin Comments Off on Canada’s Trudeau says made difficult compromises to reach new trade deal

Canadian Prime Minister Justin Trudeau said on Monday that Canada made some difficult compromises to reach a deal to modernize the North American Free Trade Agreement.

…read more […]

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Business News

easyJet founder sues Netflix over ‘Easy’

October 1, 2018 admin Comments Off on easyJet founder sues Netflix over ‘Easy’

Two seasons in, UK budget airline magnate Stelios Haji-Ioannou is suing Netflix over the title of its Chicago-based show “Easy”, arguing it infringes on more than a thousand trademarks he has registered using the word in Europe.

…read more […]

CEO Interview

Verizon (NYSE: VZ) CEO, Lowell McAdam Talks 5G Wireless Launch & Strategy

October 1, 2018 admin Comments Off on Verizon (NYSE: VZ) CEO, Lowell McAdam Talks 5G Wireless Launch & Strategy

Verizon (NYSE: VZ) CEO, Lowell McAdam Talks 5G Wireless Launch & Strategy

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Business News

Ford says it is ‘very encouraged’ by new trade pact

October 1, 2018 admin Comments Off on Ford says it is ‘very encouraged’ by new trade pact

Ford Motor Co said Monday it is “very encouraged” by an announcement of a revised free trade deal reached late Sunday between the United States, Canada and Mexico — an agreement likely to remove significant uncertainty from automakers who feared a collapse of trading rules.

…read more […]

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European, Asian factory growth sputters on weakening exports, Americas mixed

October 1, 2018 admin Comments Off on European, Asian factory growth sputters on weakening exports, Americas mixed

Growth in factory activity slowed across Europe and Asia in September, with export orders weakening before the latest escalation in the U.S.-China trade conflict, but was little changed in the Americas.

…read more […]

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Industrials lead Wall Street rally after NAFTA deal

October 1, 2018 admin Comments Off on Industrials lead Wall Street rally after NAFTA deal

Wall Street got off to a strong start of the fourth quarter on Monday, with industrials and automotive stocks leading a broad rally after a last-minute deal to salvage NAFTA as a trilateral pact.

…read more […]

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Trump says new trade pact to support ‘hundreds of thousands’ U.S. jobs

October 1, 2018 admin Comments Off on Trump says new trade pact to support ‘hundreds of thousands’ U.S. jobs

President Donald Trump on Monday said the trade deal with Canada and Mexico that replaces NAFTA will lead to thousands of jobs in the United States, adding that the two U.S. trading partners had agreed to labor, intellectual property and environmental provisions.

…read more […]

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Mexico readies ‘industrial policy’ to adapt to USMCA trade deal

October 1, 2018 admin Comments Off on Mexico readies ‘industrial policy’ to adapt to USMCA trade deal

Incoming Mexican foreign minister Marcelo Ebrard on Monday said the government that takes office in December will promote an active industrial policy to help small companies adapt to rules in the new United States-Mexico-Canada Agreement trade deal.

…read more […]

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StanChart braces for possible new Iran fine of about $1.5 billion: Bloomberg

October 1, 2018 admin Comments Off on StanChart braces for possible new Iran fine of about $1.5 billion: Bloomberg

British lender Standard Chartered Plc is bracing for a possible new fine of about $1.5 billion linked to violations of previous Iran sanctions, a Bloomberg reporter tweeted https://twitter.com/AmberChoudhury/status/1046778971277455360.

…read more […]

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Rescued NAFTA deal lifts stocks, Canadian dollar

October 1, 2018 admin Comments Off on Rescued NAFTA deal lifts stocks, Canadian dollar

A last-minute agreement between the United States and Canada to rescue a trilateral NAFTA accord with Mexico drove up global stock markets and the Canadian dollar on Monday.

…read more […]

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Thyssenkrupp defends landmark split as scepticism mounts

October 1, 2018 admin Comments Off on Thyssenkrupp defends landmark split as scepticism mounts

German conglomerate Thyssenkrupp on Monday defended a landmark deal to split into two as concerns mounted over whether the plans, which will result in a 1 billion euro ($1.2 billion) tax hit, go far enough.

…read more […]

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Pfizer to replace longtime CEO Read with veteran Bourla

October 1, 2018 admin Comments Off on Pfizer to replace longtime CEO Read with veteran Bourla

Pfizer Inc Chief Executive Officer Ian Read will hand over the reins of the largest U.S. drugmaker to veteran insider Albert Bourla in January, after eight years at the helm, in the backdrop of increased scrutiny over drug pricing.

…read more […]

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General Electric replaces CEO with outsider Culp, shares soar

October 1, 2018 admin Comments Off on General Electric replaces CEO with outsider Culp, shares soar

General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23-billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition.

…read more […]

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Analyst View: In Trump win, Canada, U.S. deal saves NAFTA as trilateral pact

October 1, 2018 admin Comments Off on Analyst View: In Trump win, Canada, U.S. deal saves NAFTA as trilateral pact

The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century.

…read more […]

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Trump cites ‘historic’ trade pact with Canada, Mexico

October 1, 2018 admin Comments Off on Trump cites ‘historic’ trade pact with Canada, Mexico

U.S. President Donald Trump on Monday took credit for salvaging a trilateral free trade accord with Canada and Mexico, marking it as a victory in his campaign to reshape global commerce as financial markets breathed a sigh of relief.

…read more […]

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