European shares fall, Barcelona attack weakens travel stocks European shares fall, Barcelona attack weakens travel stocks: European travel stocks fell sharply on Friday after the van attack in tourist hotspot Barcelona. Investors were also increasingly concerned about the stability of the Trump administration. As a global share sell-off spread, the […]
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Auto groups side with Canada, Mexico on NAFTA origin rules Auto groups side with Canada, Mexico on NAFTA origin rules: Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration’s demand for higher U.S. automotive content in a modernized North American Free Trade […]
Fed, split by inflation, should forge on with rate hikes Fed, split by inflation, should forge on with rate hikes: A Federal Reserve policymaker on Wednesday staked out the hawkish argument for carrying on with U.S. interest rate hikes even while weak recent inflation readings have split opinions among her […]
U.S. talks tough on trade deficit as NAFTA discussions begin U.S. talks tough on trade deficit as NAFTA discussions begin: The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing trade deficits with Mexico and Canada and […]
Americans’ debt level notches a new record high Americans’ debt level notches a new record high: Americans’ debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, […]
China says it will defend interests if U.S. harms trade ties China says it will defend interests if U.S. harms trade ties: China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said on Tuesday, after U.S. President Donald Trump authorized […]
Oil prices dip on weak Chinese refining activity Oil prices dip on weak Chinese refining activity: Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, […]
Audits show lax oversight by Wisconsin agency counting Foxconn jobs Audits show lax oversight by Wisconsin agency counting Foxconn jobs: The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to […]
News Corp revenue misses on weak demand for print advertising News Corp revenue misses on weak demand for print advertising: News Corp (NWSA.O) on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry. […]
As short sellers target Chinese companies in Hong Kong, hostility mounts As short sellers target Chinese companies in Hong Kong, hostility mounts: Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who […]
