Economy News

Economy News

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15 Aug

Mexico says 'hopeful' trilateral NAFTA talks to be held soon

Mexico Says 'hopeful' Trilateral NAFTA Talks To Be Held Soon

WASHINGTON (Reuters) - Mexico's Economy Minister Ildefonso Guajardo said on Wednesday that he had spoken with Canadian Foreign Minister Chrystia Freeland on the telephone and was "hopeful" Canada could soon hold trilateral NAFTA talks with the United States and Mexico.

15 Aug

The Trump Economy Is Strong. So Why Exaggerate?

The Trump Economy Is Strong. So Why Exaggerate?

(Bloomberg Opinion) -- There’s no denying that, since Donald Trump was sworn in as president in January 2017, the U.S. economy has been doing quite well. Growth in real gross domestic product has been steadily accelerating. (This chart and the next track year-over-year growth instead of the more commonly reported quarterly or monthly changes because that makes it easier to see trends.)

15 Aug

SEC charges Ameriprise for not safeguarding client assets

SEC Charges Ameriprise For Not Safeguarding Client Assets

WASHINGTON (Reuters) - Ameriprise Financial (NYSE:AMP) Services Inc will pay $4.5 million to settle charges that it failed to safeguard client assets after five of its representatives allegedly stole more than $1 million, the U.S. Securities and Exchange Commission said on Wednesday.

15 Aug

Mexico holds fresh NAFTA talks in Washington on Wednesday

Mexico Holds Fresh NAFTA Talks In Washington On Wednesday

MEXICO CITY (Reuters) - Mexican officials are holding fresh talks over the renegotiation of the North American Free Trade Agreement (NAFTA) with U.S. officials in Washington on Wednesday, Mexico's government said in a statement.

15 Aug

U.S. retail sales increase strongly in July

U.S. Retail Sales Increase Strongly In July

WASHINGTON (Reuters) - U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.

15 Aug

New Zealand passes ban on foreign homebuyers into law

New Zealand Passes Ban On Foreign Homebuyers Into Law

WELLINGTON (Reuters) - New Zealand's parliament passed a law on Wednesday to ban many non-resident foreigners from buying existing homes, completing the Labour-led government's election campaign pledge.

15 Aug

New Zealand Poised to Crack Down on Foreign Home Buyers

New Zealand Poised To Crack Down On Foreign Home Buyers

(Bloomberg) -- New Zealand’s government is poised to ban foreigners from buying residential property, making good on its promise to crack down on offshore speculators who it says are partly to blame for spiraling house prices.