The U.S.-Mexico-Canada trade agreement announced Monday is designed to eventually replace the North American Free Trade Agreement, or NAFTA, which U.S. President Donald Trump has long repudiated as harmful to…
more ...Trump Hails ‘Terrific’ Trade Deal with Canada, Mexico
It is the biggest-ever and the best trade deal in the world – that’s how U.S. President Donald Trump and members of his administration are touting a new trade pact…
more ...Flannery Ousted at GE After Less than 2 Years
After less than two years and a precipitous decline in the share price at General Electric, John Flannery is being ousted as chairman and CEO. Flannery took over for…
more ...New US-Canada Trade Pact Reached
After intense last-minute discussions ahead of a self-imposed midnight deadline, U.S. and Canadian officials announced late Sunday they reached a trade deal, allowing a modified three-way pact with Mexico to…
more ...California Law Mandates Women on Corporate Boards
California has become the first state in the country to mandate that women be included on the board of directors of publicly traded companies. Governor Jerry Brown on Sunday signed…
more ...Fearing Debt Trap, Pakistan Rethinks Chinese ‘Silk Road’ Projects
After lengthy delays, an $8.2 billion revamp of a colonial-era rail line snaking from the Arabian Sea to the foothills of the Hindu Kush has become a test of Pakistan’s…
more ...Tesla, Musk Settle Fraud Suit for $40M
Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors…
more ...Canada FM Postpones UN Speech as Trade Talks Intensify
Canadian Foreign Affairs Minister Chrystia Freeland postponed her U.N. speech Saturday as free-trade talks between the U.S. and Canada intensified. Freeland had been scheduled to deliver Canada’s address to the…
more ...US Consumers Spend More; Inflation Flattens
U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent…
more ...Ousting Musk at Tesla Viewed as Difficult, Possibly Damaging
Tesla without Elon Musk at the wheel? To many of the electric car maker’s customers and investors, that would be unthinkable. But that’s what government securities regulators now want to…
more ...Italian Stocks Fall on Populist Government’s Spending Plans
Italy’s stock market fell sharply Friday after the new populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic…
more ...Puerto Rico Struggling, Still Open for Tourists, Governor Says
Puerto Rico Gov. Ricardo Rossello flew to New York this week on a mission: convince potential tourists that the hurricane-ravaged island was ready for their return. But Puerto Rico’s recovery from last…
more ...US Regulators Sue Tesla’s Musk for Fraud, Seek to Bar Him as Officer
U.S. securities regulators on Thursday accused Tesla Inc. Chief Executive Elon Musk of fraud and sought to ban him as an officer of a public company, saying he made a series of “false…
more ...US, Japan Working Toward Free-trade Agreement
The United States and Japan have agreed to begin negotiations on a bilateral free-trade agreement, reducing the prospect that Washington might impose tariffs against another trading partner. “We’ve agreed today…
more ...Report: Ford CEO Warns Tariffs Cut $1 Billion in Profit
Ford chief Jim Hackett on Wednesday ramped up his warnings about the tariffs imposed by President Donald Trump, saying his company was seeing profits slashed by $1 billion. Hackett said…
more ...Somalia to Get First Direct World Bank Grants in Decades
Somalia’s finance minister says World Bank grants to the government are a sign the country has “trustable leadership” again after decades of chaos and corruption. The World Bank said Tuesday…
more ...Fed Lifts Rates for Third Time in ’18; One More Expected
The Federal Reserve on Wednesday raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expected to maintain…
more ...World Economy Remains on Shaky Ground
The U.N. Conference on Trade and Development warns the world economy remains fragile, one decade after the collapse of the U.S. financial titan Lehman Brothers triggered a global economic crisis.…
more ...Asian Lender Says Trade Wars, Debt Adding to Financial Risks
Trade conflicts, rising debt and the potential impact from rising interest rates in the U.S. will likely dampen growth in the coming year, the Asian Development Bank said Wednesday in…
more ...Brazil’s Jobs Crisis Lingers, Posing Challenge for Next President
After losing his job with a foreign food company in March, Alexander Costa surveyed Brazil’s anemic labor market and decided to start selling cheap lunches by the beach in Rio…
more ...US Consumer Confidence Hits 18-Year High; House Prices Slowing
U.S. consumer confidence surged to an 18-year high in September as households grew more upbeat about the labor market, pointing to sustained strength in the economy despite an increasingly bitter…
more ...Former Trump Hotel in Panama City Rebranded as JW Marriott
A luxury hotel in Panama City that used to bear the Trump name has formally been rebranded after a bitter dispute over control. The 70-story, sail-shaped tower is now the…
more ...American Expands Inflight Food Options on Domestic Routes
American Airlines is expanding its inflight food options with the addition of a light and healthy Mediterranean menu. The world’s largest carrier on Monday announced an agreement with the restaurant…
more ...Argentina’s Central Bank Chief Resigns Amid IMF Negotiations
Argentina’s central bank chief resigned Tuesday amid negotiations with the International Monetary Fund. The surprise resignation of Luis Caputo was announced in a bank statement that said he was leaving…
more ...Michael Kors Ups the Glamour, Buys Versace for $2 Billion
Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion (1.83 billion euros), continuing its hard charge into the world of high-end…
more ...Trump and Moon Sign Revised Trade Agreement
U.S. President Donald Trump and South Korean President Moon Jae-in signed a revised free trade agreement between the two countries Monday afternoon in New York, following their bilateral meeting on…
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