Canadian Foreign Minister Chrystia Freeland said on Wednesday progress made by the United States and Mexico to resolve their trade differences set the stage for productive talks toward a revamped North American Free Trade Agreement.
U.S. stocks opened slightly higher on Wednesday, with help from technology stocks, but trade was in focus as investors awaited progress on trade talks between the United States and Canada and eyed next week’s deadline for consultations on fresh China-U.S. tariffs.
Dick’s Sporting Goods reported a bigger-than-expected drop in quarterly same-store sales and forecast further declines this year due to tighter controls on gun sales, sending its shares down 8 percent.
U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 percent annual growth.
Global stocks eased on Wednesday on uncertainty over Canada’s position in NAFTA, and with investors also nervous ahead of a deadline for the next round of China-U.S. tariffs next week.
U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years, as businesses boosted spending on software and imports declined.
Global stocks eased on Wednesday on uncertainty over Canada’s position in NAFTA, and with investors also nervous ahead of a deadline for the next round of China-U.S. tariffs next week.
Canada and United States are set to tackle their contentious issues in bilateral talks on Wednesday, as the two nations work to salvage the North American Free Trade Agreement amid signs Ottawa was open to taking a more conciliatory approach.
Hyundai Motor Co plans to ship China-made cars to Southeast Asia, its China joint venture and two people familiar with the matter told Reuters, as a plunge in Chinese sales has left much of its massive local manufacturing capacity idled.
Global stocks faltered on Wednesday as optimism over a U.S.-Mexico trade deal faded with investors anxious about Canada’s acquiescence and eyeing a deadline for the next round of China-U.S. tariffs next week.
Herman Pretorius is just the kind of white South African farmer U.S. President Donald Trump expressed concern for when he barged into the country’s delicate land reform debate by ordering an investigation into the “large-scale killing of farmers”.
Fast-food chain operator Yum China Holdings Inc has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia’s biggest deals this year, people with direct knowledge of the matter said.
Carlsberg said on Wednesday it will increase capacity its Kronenbourg brewery in Obernai, France, its largest in Europe, with a 100 million euro ($117 million) investment.
Global stocks faltered on Wednesday as optimism over a U.S.-Mexico trade deal faded with investors anxious about Canada’s acquiescence and eyeing a deadline for the next round of China-U.S. tariffs next week.
Luxury carmaker Aston Martin plans to float on the London Stock Exchange, completing a turnaround for the once perennially loss-making company that could now be valued at up to 5 billion pounds ($6.4 billion).
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
