Economic News

  • NAFTA negotiators wrap up first round of talks: U.S. official

    WASHINGTON (Reuters) - Trade negotiators from the United States, Canada and Mexico on Sunday wrapped up the first round of talks to revamp the 23-year-old North American Free Trade Agreement, a U.S. official said.

  • Shift from non-GAAP bottom lines could be good for stock prices

    SAN FRANCISCO (Reuters) - Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years.

  • Bankruptcy fight over Oncor to test Warren Buffett's discipline

    (Reuters) - Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the billionaire's legendary discipline.

  • Britain will not exclude possible EU oversight of UK borders after Brexit

    LONDON (Reuters) - Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to keep unhindered access to EU markets following Brexit.

  • U.S. did not detail request for auto rules of origin at NAFTA talks: source

    WASHINGTON (Reuters) - In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday.

  • Veteran NAFTA negotiators likely to deflect political pressures

    WASHINGTON (Reuters) - The three trade officials leading the North American Free Trade Agreement negotiations are veterans in their field who will be able to resist political pressure for major rapid changes as the pace of talks intensifies, trade and legal experts say.

  • Summer rumblings could herald a stormy fall for U.S. stocks

    NEW YORK (Reuters) - The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issues - such as raising the debt ceiling - awaiting the return of lawmakers to Washington.

  • China to strengthen oversight of 'regulatory arbitrage': central banker

    BEIJING (Reuters) - China will strengthen oversight of arbitrage that takes advantage of uncoordinated regulations and increase penalties to try to prevent structural risks from getting out of control, a senior central banker said.

  • Stability concerns focus at Fed ahead of Yellen speech

    WASHINGTON (Reuters) - The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from Fed officials and analysts anticipating remarks next week by Chair Janet Yellen.

  • No gambling, sex please: China widens crackdown on overseas deals

    SHANGHAI (Reuters) - A recent crackdown by China on overseas investments has been assumed to be mainly focused on high-profile acquisitions of things like hotels and football teams around the world.

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