Canada rejoins NAFTA talks as US autos tariff details emerge
Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress. Automotive executives and...
Canadian Dollar Firm as Trade Talk Restarts, Risk Appetite Losing Momentum
Canadian Dollar remains firms today as Canada-US trade negotiation restarted. Initial signs are positive but more work is needed to be done, swiftly. Australian and New Zealand Dollar follow as Asians stocks strengthen mildly. Yen is trading as the weakest...
Nearly half of California’s gig economy workers struggling with poverty, new survey says
About half of Californians working in the gig economy are struggling with poverty and a majority of the residents say the American Dream is harder to achieve in their state than elsewhere in the United States, according to a survey...
After-hours buzz: HRB, BOX & more
Check out the companies making headlines after the bell: H&R Block shares rose 4.5 percent during after-hours trading following better-than-expected earnings for its first quarter, but subsequently erased those gains. The tax preparation company reported first-quarter consolidated losses of 74...
State regulators expand ‘Operation Cryptosweep’ to 200 initial coin offerings
A group of state and provincial regulators could put a big dent in the cryptocurrency fundraising boom. The North American Securities Administrators Association said Tuesday it had expanded the number of investigations into initial coin offerings to 200 after starting...
Goldman Sachs thinks the market is wrong about Fed Chair Powell, and that could mean 4 rate hikes in 2019
Judging by a key speech he delivered last week, the market believes it has a Federal Reserve chairman who will take a more measured pace when it comes to interest rates. Goldman Sachs economists think the market has it wrong....
Is eurozone consolidation happening behind the scenes?
Talk about bank mergers rarely comes to fruition – especially in Germany and Italy, where it is most needed. A degree of cynicism about bank consolidation is therefore forgivable. However, when Euromoney speaks to Ignazio Angeloni, board member at the...
British Pound Subdued as Pound Hugs 1.29
GBP/USD is unchanged in the Tuesday session. In North American trade, the pair is trading at 1.2886, down 0.06% on the day. On the release front, U.S manufacturing and consumer confidence data was stronger than expected. CB Consumer Confidence jumped...
Yen Trading Sideways, as Japanese, U.S Data Beats Expectations
The Japanese yen is unchanged in the Tuesday session. In North American trade, the pair is trading at 111.05, down 0.03% on the day. On the release front, BoJ Core CPI edged up to 0.5%, above the estimate of 0.3%....
EURUSD Outlook: Weak US Data Help Euro Bulls
The Euro maintains bullish in early American trading tone and eventually broke 1.1700 barrier which temporarily capped the advance this morning. Strong advance from 1.1530 (23 Aug trough) holds in red for the third consecutive day and eyes key near-term...
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