U.S. and Canadian negotiators were “very close” late on Sunday to reaching a deal to update the North American Free Trade Agreement after spending the weekend on last-ditch talks, a U.S. official said, speaking on condition of anonymity.
The Canadian dollar and the Mexican peso rose on Monday on hopes of progress in negotiations over a renewed North American Free Trade Agreement (NAFTA) deal, but Asian shares got off to a slow start amid further signs of weakness in China.
Canadian and U.S. negotiators were racing against a midnight Sunday deadline (0400 GMT Monday) to reach a deal to revamp NAFTA, but thorny issues including Canada’s dairy market and U.S. tariffs were still unresolved, a Canadian official and other sources said.
With time fast running out, Canadian and U.S. negotiators “made lots of progress” on Sunday on a renewed NAFTA but had still not settled tough issues such as American tariffs and access to Canada’s dairy market, an official and sources said.
Tesla Inc’s settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition to short-sellers pursing separate cases and to a probe by the Justice Department.
A high-profile settlement with Tesla Inc Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said.
Canadian oil and gas producer Husky Energy Inc said on Sunday it has offered to acquire MEG Energy Corp in a deal valued at C$6.4 billion ($5 billion) including debt.
Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp to build the world’s biggest solar-power-generation project, the Wall Street journal reported on Sunday, citing Saudi government officials.
U.S. Trade Representative Robert Lighthizer and White House adviser Jared Kushner planned to brief President Donald Trump on Sunday on progress in talks between Canadian and U.S. officials on NAFTA, a U.S. source familiar with the discussions said.
With little time left ahead of a deadline to agree to a renewed NAFTA, Canadian and U.S. trade officials on Sunday tried to settle differences on tough issues such as protection against American tariffs.
Thyssenkrupp acted to end its leadership and strategy crisis on Sunday, as its supervisory board filled its two top management posts and approved plans to split the German conglomerate in two.
Thyssenkrupp said on Sunday that its supervisory board had unanimously approved plans to split the conglomerate in two, paving the way for the group’s largest restructuring in decades.
Thyssenkrupp said on Sunday that its supervisory board had unanimously approved plans to split the conglomerate in two, paving the way for the group’s largest restructuring in decades.
Linde AG said on Sunday that it had received approval for its proposed $83 billion merger with Praxair from the Chinese antitrust authorities.
U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency’s settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders.
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