Oil markets were firm on Tuesday, with Brent crude prices holding near four-year highs reached the previous day as markets adjust to the prospect of tighter supply once the U.S. sanctions against Iran kick in next month.
Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment.
Robert Lighthizer was the public face of arduous, year-long talks to rework NAFTA, but as he savored a successful conclusion in the White House Rose Garden on Monday, the U.S. trade representative singled out another man as the deal’s architect.
The yen traded near its lowest in more than 10 months against the dollar on Tuesday, weighed down by increased risk appetite after the United States and Canada reached a last-minute deal on Sunday to replace the North American Free Trade Agreement.
Oil prices edged up on Tuesday, holding near a four-year high reached the previous day as markets adjust to the prospect of tighter supply once the U.S. sanctions against Iran kick in next month.
U.S. Commerce Secretary Wilbur Ross sees tens of thousands of jobs flowing back into the U.S. auto sector, especially among suppliers, thanks to the Trump administration’s new trade deal with Mexico and Canada, while industry executives and analysts are less upbeat as higher costs could hurt sales.
Asian stocks were steady on Tuesday as Japanese equities rose to a fresh 27-year high while crude oil prices were elevated in the afterglow of an agreement that salvaged a North American free trade deal.
The Big Four accounting firms can invest in technology that will raise standards beyond what could be achieved by smaller rivals, the head of PricewaterhouseCoopers (PwC) said on Tuesday, defending the top firms against UK calls to be broken up.
President Donald Trump on Monday touted a new free trade deal with Canada and Mexico as a win for U.S. workers while investors breathed a sigh of relief that the key pillars of NAFTA had survived his hardball strategy to reshape global commerce.
Auto parts output in Mexico will jump about 10 percent over the next three years as automakers scramble to adhere to stricter content rules laid out in a new North American trade deal, a top industry executive said on Monday.
Mexican President-elect Andres Manuel Lopez Obrador said on Monday that U.S. President Donald Trump had an “open” and “tolerant” attitude during talks to renegotiate the North American Free Trade Agreement.
Ford Motor Co said on Monday it plans to stop building its Focus compact cars in Argentina in May 2019 as it seeks to stem losses from its operations in South America.
A bill that will regulate minimum seat size on U.S. passenger airplanes for the first time is unlikely to lead to more leg or elbow room for cramped flyers, airline consultants said.
A pact between the United States and Canada to rescue the trilateral North American Free Trade Agreement with Mexico drove up global stock markets and the Canadian dollar on Monday, while weighing on safe-haven assets.
President Donald Trump on Monday touted a new free trade deal with Canada and Mexico as a win for U.S. workers while investors breathed a sigh of relief that the key pillars of NAFTA had survived his hardball strategy to reshape global commerce.
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