Economics

China’s Economic Growth Slows to 6.5%

October 19, 2018 at 12:10 AM

China’s gross domestic product expanded by an annualized 6.5% in July-September, the lowest quarterly rate in nine years.

Trump Threatens Mexico on NAFTA Update

October 18, 2018 at 4:51 PM

President Donald Trump hints that he may might upend the tentative trade agreement with Mexico unless that country stops a caravan of migrants from entering the U.S.

U.K. Suppliers Cite Perils of “Hard” Brexit

October 17, 2018 at 10:49 AM

Suppliers warn that the British auto industry’s advances over the past 20 years will be lost if the U.K. fails to secure favorable trade terms before it exits the European Union next spring, Reuters reports.

Trump Announces Plans for Trade Talks with EU, Japan, U.K.

October 17, 2018 at 1:23 AM

The Trump administration has notified Congress that it intends to launch talks on three independent bilateral trade pacts with the European Union, Japan and the U.K.

Congress Not Likely to Vote on NAFTA This Year

October 16, 2018 at 3:28 PM

The U.S. Congress isn’t likely to vote on a proposed update to the North American Free Trade Agreement until early next year.

Nissan Delays Wage Talks Pending Clarity on Brexit

October 15, 2018 at 4:36 PM

Nissan Motor Co. says it doesn’t want to open wage talks with workers in Britain until the British government clarifies the terms under which the U.K. will exit the European Union next spring.

Japan to Confirm Sales Tax Hike for 2019

October 15, 2018 at 12:18 AM

Japan is likely to confirm today that the country’s sales tax will rise from the current 8% to 10% next October, sources tell The Japan Times.

IEA: Oil Prices Likely to Remain High through 2019

October 12, 2018 at 4:48 PM

  Rising oil prices and uncertain trade issues are likely to slow growth in oil demand through 2019 and keep supply in alignment with consumption, according to the Paris-based International Energy Agency.

U.S. Jobless Rate Drops to 49-Year Low

October 05, 2018 at 2:41 PM

Unemployment in the U.S. shrank to 3.7% in September, its lowest rate since December 1969, according to the U.S. Dept. of Labor.

Carmakers in N. America Applaud New NAFTA Trade Deal

October 02, 2018 at 1:40 AM

The tentative agreement to include Canada in a plan to update NAFTA has eased worries by Detroit’s Big Three carmakers about the Trump administration’s trade policy, even though the deal will alter their supply chains.

Canada, U.S. Reach Tentative Deal on NAFTA Update

October 01, 2018 at 2:20 AM

Envoys from Canada and the U.S. reached a tentative agreement on Sunday that would include Canada in an earlier pact between Mexico and the U.S. to update the North American Free Trade Agreement.

UPDATE: Canada, U.S. in Weekend Blitz to Reach Accord on NAFTA

September 29, 2018 at 10:13 AM

Mexico and the U.S. postponed a Friday night plan to publish details of their tentative trade deal to replace the North American Free Trade Agreement, thereby giving negotiators a chance to include Canada in the pact by Sunday night.