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Bank of Spain’s website hit by cyber attack
The Bank of Spain’s website has been hit since Sunday by a cyber attack which has temporarily disrupted access to the site, a spokesman for the central bank said on Monday.
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U.S., Mexico reach NAFTA deal, turning 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.
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Canada’s Freeland to travel to Washington Tuesday for NAFTA
Canadian Foreign Minister Chrystia Freeland will travel to Washington on Tuesday to continue trade negotiations, her spokesman said on Monday, amid news that Mexico and the United States have reached a trade agreement.
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Wall Street rises on U.S.-Mexico trade deal
The S&P 500 and the Nasdaq rallied to record highs on Monday, with the Nasdaq breaking above the 8,000 level for the first time, as investors were encouraged by news that the United States and Mexico reached a trade agreement.
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U.S-Mexico trade deal stands even if Canada left out: Mexican minister
The trade deal between the United States and Mexico will stand even if Canada does not come to an agreement with the Trump administration in the renegotiation of the North American Free Trade Agreement (NAFTA), Mexico’s foreign minister said on Monday.
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Toyota to invest about $500 million in Uber for driverless cars: WSJ
Toyota Motor Corp will invest about $500 million in Uber Technologies Inc [UBER.UL] to jointly work on developing driverless vehicles, the Wall Street Journal reported on Monday, citing people familiar with the matter.
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Dollar Slumps, Peso Surges After U.S., Mexico Trade Deal
Meanwhile, the Australian dollar was up, with AUD/USD rising 0.26% to 0.7344 while NZD/USD was up 0.07% to 0.6693. The loonie was higher against the greenback, with USD/CAD falling 0.35% to 1.2982. …read more […]
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Markets may be signaling rising recession risk: Fed study
A narrowing gap between short-term and long-term borrowing costs could be signaling heightened risk of a U.S. recession, researchers at the San Francisco Federal Reserve Bank said in a study published on Monday.
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U.S.-Mexico trade deal has six year reviews, no expiry: U.S. official
The United States and Mexico have agreed to a 16-year lifespan for the North American Free Trade agreement, with a review every six years that can extend the pact for 16 years more, U.S. Trade Representative Robert Lighthizer said on Monday.
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Top U.S. trade lawmaker wants Canada in three-way NAFTA deal
Top Republican U.S. trade lawmaker Kevin Brady encouraged Canada on Monday to come back to talks on the North American Free Trade Agreement to reach a deal with Mexico and the United States.
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Warren Buffett's Berkshire Hathaway is entering a $1 trillion market in India
The transaction is among the first of the company’s investments in India. Buffett said last year India is a “huge, enormous” market with “incredible” potential. Warren Buffett’s Berkshire Hathaway is putting some of its massive cash pile to work in India. …read more […]
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U.S., Mexico reach NAFTA deal as pressure turns to 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 the new terms on auto trade and other issues to remain part of the three-nation pact.
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U.S., Mexico reach NAFTA deal as pressure turns to 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 the new terms on auto trade and other issues to remain part of the three-nation pact. U.S. President Donald Trump and outgoing Mexican President Enrique Pena Nieto said talks with Canada would begin immediately, though Trump threatened he could put tariffs on Canadian-made cars if a three-way deal could not be reached. “I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. …read more […]
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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. It was on Aug. 7 that Musk first surprised investors with his plan by tweeting that he had “funding secured” for a go-private deal, which would have had a value of $72 billion. Musk and Tesla are facing investor lawsuits and a U.S. Securities and Exchange Commission investigation into the truthfulness of the CEO’S Aug. 7 tweets, according to an Aug. …read more […]
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Mexican official says agreed with U.S. to include Canada in NAFTA
The United States and Mexico have agreed to include Canada in ongoing talks to update the North American Free Trade Agreement (NAFTA), Jesus Seade, the designated top trade negotiator for Mexico’s incoming government, said on Monday.