Canada’s Trudeau says NAFTA deal possible by Friday
Canadian Prime Minister Justin Trudeau said on Wednesday that it may be possible to reach a deal on NAFTA ahead of U.S. President Donald Trump’s Friday deadline.
Activist Elliott argues Disney should pay 15.01 pounds/share for Sky
Activist investor Elliott has argued that Walt Disney should have to pay at least 15.01 pounds a share to acquire Sky if it is forced to buy the British broadcaster, the UK’s takeover regulator said on Wednesday.
U.S. second-quarter GDP growth raised to 4.2 percent
U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 percent annual growth.
Amundi sees Wall Street’s bull run continuing before slowdown in 2019-20
Amundi , Europe’s largest asset manager, is betting the U.S. stock market’s rally will continue through the second half of this year, though a slowdown is coming and European markets may outperform in 2019 and 2020.
‘Huge amount of work to do’ in NAFTA talks: Canadian minister
Canadian Foreign Minister Chrystia Freeland said on Wednesday she remained optimistic about progress on negotiations with the United States over a revamp of the North American Free Trade Agreement, but said there was a “huge amount of work to do.”
Big banks win dismissal in U.S. of bond rigging lawsuit
A U.S. judge has dismissed an antitrust lawsuit by investors that accused nine big banks of rigging the roughly $9 trillion government agency bond market from 2005 to 2015.
Amazon, Alphabet lift S&P and Nasdaq to new record highs
The S&P 500 and the Nasdaq hit all-time highs for the fourth session in a row on Wednesday, boosted by a jump in Amazon.com and Alphabet, and on optimism over trade talks between the United States and Canada.
IKEA to shut Norwegian in-town service and pick-up points amid cost cuts
Furniture retailer IKEA will shut three city center service and pick-up points in Norway as part of a drive to cut costs amid declining profits, the company said in a statement on Wednesday.
World stock index up but still below 5-1/2-month high
A major global stock index rose slightly on Wednesday after three straight days of strong gains as investors braced for news on the United States’ trade relations with Canada and China.
Wall Street up slightly as tech stocks gain
U.S. stocks rose slightly on Wednesday, lifted by technology stocks, though gains were limited as investors awaited progress on U.S.-Canada trade talks and eyed a deadline for consultations on the next round of China-U.S. tariffs.
