Friday 31 August 2018

Daily Investor Update: Canada, U.S. break up NAFTA talks, Trump's comment sours mood

Reuters.com Newsletter

Canada, U.S. break up NAFTA talks, Trump's comment sours mood

Canada and the United States ended talks on Friday to update the North American Free Trade Agreement in a mood soured by President Donald Trump's comments that a pact would be on U.S. terms while Ottawa stood firm against signing "just any deal."

U.S.-Canada trade talks conclude with no deal: Wall Street Journal

Talks between the United States and Canada aimed at reaching a deal to revamp the North American Free Trade Agreement ended on Friday with no agreement, the Wall Street Journal reported, citing unnamed sources.

Trump says Canada has been taking advantage of U.S. on trade

U.S. President Donald Trump said on Friday that Canada had taken advantage of the United States on trade, as talks between the two countries, who are seeking to revamp the North American Free Trade Agreement, soured sharply.

U.S.-Canada trade talks conclude: Canadian official

U.S. and Canadian officials have concluded a days-long round of talks on the North American Free Trade Agreement, a Canadian official said on Friday.

S&P 500, Dow lose ground as trade talks hit snag

The S&P 500 and the Dow were down and the Nasdaq edged higher in light trading on Friday as investors reacted to the possibility that a new Canada-U.S. trade agreement could miss a deadline heading into the Labor Day weekend.

Exclusive: Third Point seeks to tap Campbell Soup board challengers - sources

Activist investor Daniel Loeb's hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co's board of directors, according to people familiar with the matter.

United Continental raises fees for checked bags on certain routes

United Continental Holdings Inc on Friday increased its checked bag fees on routes to and from North America, the Caribbean and Central America, the company said, as it grapples with rising fuel costs.

Trump confirms off-record comments on U.S.-Canada trade talks

President Donald Trump on Friday confirmed off-record, hard-line comments he had made about the United States' negotiating stance in trade talks with Canada, saying on Twitter: "At least Canada knows where I stand."

Senate cancels postal service hearing; Trump's Amazon crusade delayed

A Senate hearing about reforming the U.S. Postal Service that could have scrutinized what Amazon.com Inc and others pay for package delivery has been delayed, three sources familiar with the matter told Reuters, moving back President Donald Trump's effort to hike the world's largest online retailer's rates.

Apple expected to unveil new iPhone models on September 12

Apple Inc said on Thursday it will host an event on Sept. 12 at the Steve Jobs Theater in the company's Cupertino, California, campus, where it is widely expected to unveil new iPhone models.

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