Mexico signs e-commerce deal with China’s Alibaba Group
MEXICO CITY (Reuters) – Mexico’s government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd, to get Mexican products and services, especially from small- and medium-sized firms, onto the top Chinese e-commerce firm’s platform.
Wall St. higher as energy stocks gain, but North Korea weighs
(Reuters) – U.S. stocks were higher in early afternoon trading on Wednesday, helped by a bounce in energy stocks, but gains were limited due to worries over tensions on the Korean peninsula and a potential U.S. landfall of Hurricane Irma.
U.S. services sector growth accelerates; trade deficit edges up
WASHINGTON (Reuters) – U.S. services sector activity accelerated in August amid strong gains in new orders and employment, suggesting that a slowdown in job growth last month was probably temporary.
U.S. Senate panel to look at self-driving commercial trucks
WASHINGTON (Reuters) – The U.S. Senate Commerce Committee plans a hearing next Wednesday on the future of self-driving commercial trucks that will include the chief executive of Navistar International Corp and safety advocates.
Ackman’s hedge fund to sell out of Nomad Foods after two-year run
BOSTON/LONDON (Reuters) – Billionaire investor William Ackman has decided to exit his large stake in Nomad Foods, selling out of one of his handful of investments at a time he is waging a proxy fight to push for change at another portfolio company.
Energy, bank stocks lift S&P and Dow, but N.Korea weighs
(Reuters) – The S&P and the Dow edged higher on Wednesday as energy and financial stocks rose, but gains were capped by worries over tensions on the Korean peninsula and a potential U.S. landfall of Hurricane Irma.
Goldman suspends work on U.S. IPO of HNA’s Pactera unit: sources
HONG KONG (Reuters) – Goldman Sachs has suspended its preliminary work on a planned U.S. initial public offering (IPO) for Chinese conglomerate HNA Group’s IT outsourcing unit Pactera, four people familiar with the matter told Reuters.
Wall St. opens higher as energy, financial stocks rise
(Reuters) – U.S. stocks opened higher on Wednesday, driven by gains in energy and financial stocks, but investors remained cautious amid tensions on the Korean peninsula and concerns that the Category 5 Hurricane Irma could hit the United States.
Exclusive: Saudi Arabia’s Ma’aden asks banks to refinance nearly $3 billion of debt – sources
DUBAI (Reuters) – Saudi Arabian Mining Co (Ma’aden) , the Gulf’s largest mining company, has asked banks to submit proposals for a loan which would refinance some $2.88 billion of existing debt, sources familiar with the matter said on Wednesday.
China’s Anbang, HNA had sights set on insurer Allianz: sources
HONG KONG (Reuters) – China’s Anbang Insurance Group and HNA Group both considered buying into German insurer Allianz SE this year as part of plans to become global financial powerhouses, people with direct knowledge of the matter said.
