Investors on Monday will render their verdict on Tesla Inc Chief Executive Elon Musk’s decision to abandon a proposed $72 billion buyout to take the luxury electric car maker private.
Asian shares rose on Monday, boosted by record Wall Street highs on Friday after reassuring comments from the Federal Reserve’s chairman, and as stock markets in China gained after the country’s central bank tweaked its management of the yuan.
The yuan hovered at a 2-1/2-week high against the U.S. dollar on Monday after China’s central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, arresting a record 10-week slide that has rattled global markets.
U.S. and Mexican trade negotiators are close to squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) and will resume talks on Monday morning, Mexican Economy Minister Ildefonso Guajardo said on Sunday.
Aug.26 — Chinese ride hailing app company Didi Chuxing is suspending a carpool service and has removed two executives after a second female customer was allegedly killed by a driver. Bloomberg’s Peter Elstrom reports on “Bloomberg Markets: Asia.” …read more […]
BEIJING/WASHINGTON, Aug 25 (Reuters) – U.S-China trade talks this week were heavy on details but short on progress as U.S. negotiators outlined cases of American firms harmed by Chinese practices and China argued it was meeting its WTO obligations, people familiar with contents of the discussions said. The two days of talks in Washington led by mid-level officials did little to resolve a worsening trade spat between the world’s two biggest economies and ended on Thursday without a joint statement. Washington separately held hearings during the week on another round …read more […]
Aug.26 — Tesla faces potential bumps in the road after Elon Musk scrapped his “go-private” plan. That bombshell was followed by news that a key executive is leaving the company. Bloomberg’s Su Keenan reports on “Bloomberg Markets: Asia.” …read more […]
Mexico’s Economy Minister Ildefonso Guajardo said on Sunday evening that bilateral negotiations with the United States over the future of the North American Free Trade Agreement (NAFTA) were advancing and that talks would continue on Monday.
U.S. and Mexican trade negotiators are “hours” away from squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) but work with Canada is likely to stretch into September, a top Mexican official said on Sunday. Mexican Economy Minister Ildefonso Guajardo told reporters that work with Canada, which has sat out the latest phase of NAFTA talks, would take at least a week, though he was optimistic Mexico and the United States were close to agreement. “I would say that we’re practically in the final hours of this negotiation,” he told reporters as he entered talks …read more […]
U.S. and Mexican trade negotiators are “hours” away from squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) but work with Canada is likely to stretch into September, a top Mexican official said on Sunday. Mexican Economy Minister Ildefonso Guajardo told reporters that work with Canada, which has sat out the latest phase of NAFTA talks, would take at least a week, though he was optimistic Mexico and the United States were close to agreement. “I would say that we’re practically in the final hours of this negotiation,” he told reporters as he entered talks …read more […]
Asian shares rose early on Monday, taking support from Wall Street’s gains on Friday after U.S. Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the U.S. economy and job growth.
Investa’s manager last week said two funds affiliated to Blackstone Group had agreed to raise their offer by about A$120 million (68.84 million pounds) to A$5.3485 per Investa unit from an earlier bid of A$5.1485 per unit, subject to certain conditions. The Investa Listed Funds Management Ltd Board continues to unanimously recommend voting in favour of the raised Blackstone proposal in the absence of a superior proposal, the statement said. …read more […]
They can help you improve your credit, but it’ll cost you. …read more […]
Choosing where you’ll spend your retirement years can be a daunting task. You’ll have to consider things like cost of living, lifestyle needs and other important factors. There are a lot of options out there, but here are some spots in Middle America worth considering for your retirement. …read more […]
Aug.26 — Robert Daly, director of the Kissinger Institute on China and the United States at the Wilson Center, talks about the trade spat between the two nations. He speaks with Ramy Inocencio and Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.” …read more […]
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