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Toyota to invest about $500 million in Uber for driverless cars: WSJ

August 27, 2018 by  
Filed under News

Toyota Motor Corp will invest about $500 million in Uber Technologies Inc to jointly work on developing driverless vehicles, the Wall Street Journal reported on Monday, citing people familiar with the matter.


Source: Reuters Business News

Wall Street rises on U.S.-Mexico trade deal

August 27, 2018 by  
Filed under News

The S&P 500 and the Nasdaq rallied to record highs on Monday, with the Nasdaq breaking above the 8,000 level for the first time, as investors were encouraged by news that the United States and Mexico reached a trade agreement.


Source: Reuters Business News

U.S., Mexico reach NAFTA deal as pressure turns to Canada

August 27, 2018 by  
Filed under News

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact.


Source: Reuters Business News

U.S-Mexico trade deal stands even if Canada left out: Mexican minister

August 27, 2018 by  
Filed under News

The trade deal between the United States and Mexico will stand even if Canada does not come to an agreement with the Trump administration in the renegotiation of the North American Free Trade Agreement (NAFTA), Mexico’s foreign minister said on Monday.


Source: Reuters Business News

Markets may be signaling rising recession risk: Fed study

August 27, 2018 by  
Filed under News

A narrowing gap between short-term and long-term borrowing costs could be signaling heightened risk of a U.S. recession, researchers at the San Francisco Federal Reserve Bank said in a study published on Monday.


Source: Reuters Business News

Trump says Mexico trade deal near; NAFTA hurdles seen easing

August 26, 2018 by  
Filed under News

President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with Mexico soon as the incoming Mexican trade negotiator signaled possible solutions to NAFTA energy rules and a contentious U.S. “sunset clause” demand.


Source: Reuters Business News

Chinese authorities say Didi bears 'unshirkable responsibility' for passenger's death

August 26, 2018 by  
Filed under News

China’s police and transport ministry said on Sunday the country’s largest ride-hailing firm Didi Chuxing had “unshirkable responsibility” for a ride-sharing passenger being raped and killed by a driver in the eastern city of Wenzhou.


Source: Reuters Business News

Powell sets Fed's course with data-based judgment

August 26, 2018 by  
Filed under News

Federal Reserve Chair Jerome Powell has begun putting his stamp on the U.S. central bank as someone who will rely more on data-informed judgment and less on some of the models and theoretical values that have shaped the Fed’s course in recent years but that Powell has said can be false guides.


Source: Reuters Business News

Venezuela's PDVSA files appeal against Crystallex court ruling

August 25, 2018 by  
Filed under News

Venezuela’s state oil firm Petroleos de Venezuela SA (PDVSA) said on Saturday it filed an appeal requesting that a Delaware court vacate a decision on Aug. 23 granting Canadian miner Crystallex the right to seize its U.S. assets.


Source: Reuters Business News

Tesla CEO Musk drops pursuit of $72 billion take-private deal

August 25, 2018 by  
Filed under News

Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take the luxury electric car maker private, abandoning an idea that stunned investors and drew regulatory scrutiny.


Source: Reuters Business News

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