Trump says new trade pact to support ‘hundreds of thousands’ of U.S. jobs
U.S. President Donald Trump on Monday touted the newly reached trade deal with Canada and Mexico that will replace NAFTA as a massive job engine, creating positions across the manufacturing, agriculture, technology and financial services sectors.
General Electric replaces CEO with outsider; shares soar
General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23 billion charge to write off goodwill in its power division, pr…
Industrials lead Wall Street rally after NAFTA deal
Wall Street got off to a strong start of the fourth quarter on Monday, with industrials and automotive stocks leading a broad rally after a last-minute deal to salvage NAFTA as a trilateral pact.
Mexico readies ‘industrial policy’ to adapt to USMCA trade deal
Incoming Mexican foreign minister Marcelo Ebrard on Monday said the government that takes office in December will promote an active industrial policy to help small companies adapt to rules in the new United States-Mexico-Canada Agreement trade deal.
Rescued NAFTA deal lifts stocks, Canadian dollar
A last-minute agreement between the United States and Canada to rescue a trilateral NAFTA accord with Mexico drove up global stock markets and the Canadian dollar on Monday.
Thyssenkrupp defends landmark split as scepticism mounts
German conglomerate Thyssenkrupp on Monday defended a landmark deal to split into two as concerns mounted over whether the plans, which will result in a 1 billion euro ($1.2 billion) tax hit, go far enough.
Pfizer to replace longtime CEO Read with veteran Bourla
Pfizer Inc Chief Executive Officer Ian Read will hand over the reins of the largest U.S. drugmaker to veteran insider Albert Bourla in January, after eight years at the helm, in the backdrop of increased scrutiny over drug pricing.
General Electric replaces CEO with outsider Culp, shares soar
General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23-billion charge to write off goodwill in its power division, pr…
Analyst View: In Trump win, Canada, U.S. deal saves NAFTA as trilateral pact
The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century.
Trump cites ‘historic’ trade pact with Canada, Mexico
U.S. President Donald Trump on Monday took credit for salvaging a trilateral free trade accord with Canada and Mexico, marking it as a victory in his campaign to reshape global commerce as financial markets breathed a sigh of relief.
