Canada, U.S. resume talks to salvage NAFTA trade pact
The United States and Canada reopened talks on Wednesday in a bid to salvage the North American Free Trade Agreement amid a threat by President Donald Trump to proceed alone with a new pact with Mexico.
Facebook, Twitter slam Nasdaq as tariff woes weigh on Wall Street
The Nasdaq sank more than 1 percent on Wednesday, with social media companies leading technology stocks lower as Twitter and Facebook executives faced U.S. Congress over what lawmakers see as a failure to combat foreign efforts to influence U.S. politi…
AIG CEO sees ‘huge potential’ in investor market for insurance risk
American International Group Inc Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities.
U.S. trade deficit surges to five-month high as exports fall
The U.S. trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could embolden the Trump administration to aggressively pursue its “America First” agenda.
Conoco waiting for Venezuela to pay $2 billion settlement: CEO
U.S. oil producer ConocoPhillips is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country’s state-run PDVSA, Chief Executive Ryan Lance said on Wednesday.
Emerging markets lead global equities decline, sterling rises
Stock markets around the world fell on Wednesday and declines in emerging markets accelerated as a deadline in the U.S.-China trade conflict loomed and U.S.-Canada trade talks were due to resume.
Facebook, Twitter fall as they face U.S. Congress
Shares of Facebook Inc and Twitter Inc fell on Wednesday as their top executives testified before the U.S. Congress, defending the companies against what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.
Canada’s Freeland says looks forward to ‘constructive’ U.S. trade talks
Canadian Foreign Minster Chrystia Freeland said on Wednesday she looked forward to “constructive” discussions with U.S. Trade Representative Robert Lighthizer as the two resumed talks to try to resolve trade differences and agree on trilateral updates …
Trump targets Nike as Kaepernick ads spark boycott calls
U.S. President Donald Trump on Wednesday criticized Nike Inc for its new advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked controversy by kneeling in protest during the national anthem.
Exclusive: Cargill hedge fund CarVal says rejected approach by Schroders
British asset manager Schroders expressed interest in buying CarVal Investors in May but the hedge fund that is owned by U.S. agri group Cargill said it was not for sale, a CarVal executive said.
