An index of major world stock markets rose to its highest level in more than five months on Monday after the United States and Mexico struck an agreement that lowers trade tensions.
Federal Communications Commission (FCC) Chairman Ajit Pai said on Monday he was pleased the U.S. interstate communications regulator’s inspector general had concluded there was no evidence of impropriety relating to the proposed, and now defunct, merger of Sinclair Broadcast Group and Tribune Media Co .
Toyota Motor Corp will invest $500 million in Uber to jointly work on developing self-driving cars, a source familiar with the matter said on Monday, a bid by both companies to catch up to rivals in the hotly competitive autonomous driving businesses.
Four Transamerica entities will pay $97.6 million to settle U.S. Securities and Exchange Commission charges that they sold investments that were supposedly based on quantitative models but which did not work as intended, the regulator said on Monday.
The U.S. Department of Agriculture said on Monday its $12 billion farm aid package would include $4.7 billion in direct payments to farmers to help offset losses from retaliatory tariffs on American exports this season.
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.
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.
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.
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.
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.
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.
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 […]
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.
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.
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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