Tuesday, 24 April 2018

Mexico minister says NAFTA deal will depend on flexibility

Mexico minister says NAFTA deal will depend on flexibility

WASHINGTON (Reuters) - Mexican Economy Minister Ildefonso Guajardo said on Tuesday that agreeing a new North American Free Trade Agreement (NAFTA) deal will depend on the flexibility of negotiations as he prepared to meet his U.S. and Canadian counterparts in Washington.

Trump says NAFTA talks going 'nicely,' Canada sees progress on auto rules

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday that a new North American Free Trade Agreement could be agreed quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.

Stocks drop on cost worry; U.S. 10-year yields top 3 percent

NEW YORK (Reuters) - A gauge of world stocks tumbled on Tuesday, erasing early gains as U.S. bond yields scaled the 3 percent threshold for the first time in four years, while oil prices reversed course after climbing above the $75 per barrel mark.

Wells Fargo investors back leaders despite protests

DES MOINES, Iowa (Reuters) - Wells Fargo & Co investors gave strong backing to the bank's directors and executives on Tuesday, indicating they are ready to give its revamped leadership time to rebuild from scandal despite a noisy annual shareholder meeting.

Exclusive: Shire, Takeda reach breakthrough in deal talks - sources

(Reuters) - London-listed drugmaker Shire Plc and Japan's Takeda Pharmaceutical Co Ltd plan to announce a preliminary deal on Wednesday, after the latter sweetened its $62 billion acquisition offer, people familiar with the matter said.

Lockheed Martin shares fall as cash flow outlook disappoints

(Reuters) - Lockheed Martin Corp , the Pentagon's No. 1 weapons supplier, did not raise its 2018 cash flow projections on Tuesday even as the U.S. government spends more on defense, disappointing investors and pushing its shares lower.

Wall Street slides as high bond yields fan cost worries

NEW YORK (Reuters) - U.S. stocks slid on Tuesday as 10-year Treasury yields hit 3 percent for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and as quarterly results failed to deliver positive outlooks.

Protesters greet Amazon's Jeff Bezos in Germany

BERLIN (Reuters) - Hundreds of Amazon workers blew whistles and banged drums on Tuesday to protest against the presentation of a German award to Jeff Bezos, the ecommerce firm's chief executive.

Amazon boss Bezos supports scrutiny of big companies

BERLIN (Reuters) - Amazon Chief Executive Jeff Bezos said on Tuesday that it was right that big companies are scrutinised and said his firm would respond to any new regulations by finding new ways to please its customers.

Bitcoin climbs to six-week high as market sentiment improves

NEW YORK (Reuters) - Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market.

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