Tuesday 28 August 2018

Wall Street ekes out gains as Canada takes trade spotlight

Wall Street ekes out gains as Canada takes trade spotlight

The S&P 500 and the Nasdaq edged up to record closing highs for the third consecutive session as investors struggled over whether to take profits following a rally on positive developments in trade disputes which have vexed the markets.

Ex-CEO sues Barnes & Noble over ouster linked to alleged harassment

Barnes & Noble Inc was sued on Tuesday by a former chief executive officer who said the largest U.S. bookstore chain falsely accused him of violating its sexual harassment policy before firing him after 14 months on the job.

Canada rejoins talks to stay in NAFTA, deal possible this week

Canada's top trade negotiator joins her Mexican and U.S. counterparts in Washington on Tuesday in a bid to remain part of a revamped trilateral North American trade pact, as U.S. officials expressed optimism a deal could be reached this week.

Mexico auto group AMIA says will work to include Canada in NAFTA

Mexico's auto association AMIA said on Tuesday it would keep participating in the renegotiations of the North American Free Trade Agreement (NAFTA) to integrate Canada and try to maintain regional integration and competitiveness in the sector.

Altice, Dish urge U.S. to intervene in T-Mobile-Sprint deal

U.S. cable and satellite TV providers Altice USA Inc and Dish Network Corp have urged U.S. regulators not to approve the planned merger between T-Mobile US Inc and Sprint Corp in its current form, according to filings published on Tuesday.

Global stocks climb; markets hail U.S.-Mexico trade deal

A global stocks index advanced to more than five-month highs on Tuesday, the day after a U.S.-Mexico trade deal boosted investor confidence.

Tesla wins court case against Ontario government over rebate cancellation

A Canadian court has ruled in favor of Tesla Inc after the electric carmaker challenged the province of Ontario's wind-down of an electric vehicle rebate.

Trump's U.S.-Mexico trade deal meets bipartisan skeptics in Congress

President Donald Trump's bilateral trade deal with Mexico ran into questions, on substance and procedure, from both parties in the U.S. Congress on Tuesday, with Democratic Senate Leader Chuck Schumer saying the pact faces "serious legal concerns."

U.S. banking regulator kicks off rewrite of community lending rules

A federal banking regulator said on Tuesday it will begin soliciting input on decades-old rules on bank lending in low-income communities, kicking off a long awaited and potentially contentious rulewriting process.

Canada's Trudeau says he will defend dairy farmer protections in NAFTA

Canadian Prime Minister Justin Trudeau said on Tuesday his position on the supply management system that protects Canada's dairy farmers has not changed and he will defend it as Canada works to renew the NAFTA trade deal with the United States and Mexico.

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