Sunday, 29 Sep 2024

Business

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U.S., Canada, Mexico sign trade deal, Trump predicts Congress approval

BUENOS AIRES (Reuters) – The United States, Canada and Mexico signed a North American trade pact on Friday, and President Donald Trump predicted an easy passage through U.S. Congress to approve the deal, despite opposition from some lawmakers. The three leaders agreed on a deal in principle to govern the more than trillion dollars of […]

Futures pare losses on Lighthizer's trade comments

(Reuters) – U.S. stock index futures pared losses on Friday after Trade Representative Robert Lighthizer said he would be surprised if Saturday’s dinner between U.S. President Donald Trump and his Chinese counterpart Xi Jinping “wasn’t a success”. At 8:25 a.m. ET, Dow e-minis 1YMc1 were down 72 points, or 0.28 percent. S&P 500 e-minis ESc1 […]

German chancellery aware of plans for White House meeting of German car bosses

BERLIN (Reuters) – The German chancellery is aware of the idea of a meeting between representatives of the U.S. government and the executives of German car companies, a spokesman for Chancellor Angela Merkel said on Friday. Top executives from German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) are finalizing plans for a White House […]

Annual house price growth up but market remains subdued

Annual house price growth rose to 1.9% in November from 1.6% in October, which had been a five-year low. Robert Gardner, Nationwide’s chief economist, said: “Looking forward, much will depend on how broader economic conditions evolve. “In the near term, the squeeze on household budgets and the uncertain economic outlook is likely to continue to […]

Hong Kong to license first online-only insurer in fintech push

HONG KONG (REUTERS) – Hong Kong is set to license its first online-only insurer under a “fast-track” system next month, the regulatory head said, as it fights off criticism for being slower to make use of new technology than other parts of the financial services world. The online platform will operate in a market worth […]

May refuses to say who would erect Border if no deal

British Prime Minister Theresa May has repeatedly refused to say who would erect a Border on the island of Ireland in the absence of the so-called ‘backstop’. She repeatedly stonewalled MPs on the issue, quoting Taoiseach Leo Varadkar’s statement that a hard Border cannot be avoided “just through goodwill, political statements and wishful thinking”. The […]

Financial risks to form part of cash-for-visa investigation

THE financial and reputational risks associated with the State’s ‘cash-for-visa’ scheme will be probed as part of a two-phase review of the programme that has attracted more than €500m from overseas investors. The Immigrant Investor Programme (IIP), which an internal report for the Department of Justice says is “now at a crucial stage of development”, […]

German car bosses finalizing White House meeting next week

BERLIN (Reuters) – Top executives from German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) are finalizing plans for a White House meeting on trade policy next week, German and U.S. officials said on Thursday. Officials from the carmakers, asking not to be named, said the meeting was tentatively set for Tuesday, and would include […]

AT&T forecasts 2019 free cash flow above estimates

(Reuters) – AT&T Inc (T.N) forecast 2019 free cash flow above analysts’ expectations, as the No. 2 U.S. wireless carrier benefits from the acquisition of media company Time Warner. The company said it expects 2019 free-cash flow of about $26 billion, compared with analysts’ average estimate of $24.84 billion, according to IBES data from Refinitiv. […]