MEXICO CITY (Reuters) – Mexico’s Deputy Foreign Minister for North America, Jesus Seade, said on Friday he believes U.S. lawmakers will soon begin the process of approving the new United States-Mexico-Canada (USMCA) trade deal now that President Andres Manuel Lopez Obrador has vowed wage increases and funding for labor reforms. The USMCA must win approval […]

NEW YORK (Reuters) – Speculation the Federal Reserve will continue cutting interest rates well past its policy meeting next week is pushing some bond fund managers into assets ranging from short-term Treasury bills to half-paid off 15-year home mortgages. They’re betting that short-term U.S. interest rates will once again return to near zero for the […]

SHENZHEN, China/BEIJING (Reuters) – Chip designer ARM will continue to supply Huawei Technologies after the British company’s legal team ruled that its chip technology is of UK origin and would not breach U.S. restrictions on supplying the Chinese tech giant. Huawei, the world’s No. 2 smartphone manufacturer, uses ARM blueprints to design processors that power […]

SHANGHAI (Reuters) – Asian shares trod water on Friday as investors awaited key central bank policy meetings next week amid signs of slowing global growth, while sterling extended its slide on a fresh bout of Brexit anxiety. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up just 0.05%, having spent the day oscillating […]

WASHINGTON (Reuters) – Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told Reuters. Robert Lighthizer, the United States Trade Representative, U.S. Treasury […]

Permanent TSB chief executive Jeremy Masding will be the last of the post-crash class of crisis managers, and by far the longest-serving head of an Irish bank, when he stands down next year. The UK executive – brought up in England of Welsh extraction – joined the bailed-out lender in 2012 in the wake of […]

NEW YORK (Reuters) – The British pound fell against the dollar on Thursday after British Prime Minister Boris Johnson’s call for a national election, while global stock markets edged higher. Johnson said he was asking Parliament to approve the election for Dec. 12 in an effort to break the country’s deadlock over its exit from […]

Barclays has reversed its decision to stop the bank’s customers from making cash withdrawals from the Post Office just two weeks after it announced the move. The company now says it will continue to allow customers to use their debit cards to take cash out over Post Office counters “for the next three years”. The […]

Money Hacks Ep 54: How to save more when paying for overseas property investments 8:51 mins Synopsis: In this fortnightly podcast series on Mondays, The Business Times and The Straits Times break down actionable financial tips. This episode is aimed at how best to pay for property investments overseas. Do you use expensive banking services? […]

FRANKFURT (Reuters) – European Central Bank President Mario Draghi told his successor on Thursday to “never give up” on propping up the euro zone economy in the face of a worsening outlook and little help from governments. At the last press conference of his eight-year tenure, the man credited with saving the euro from collapsing […]