Despite often heated rhetoric around the subject, many Americans believe the North American Free Trade Agreement (NAFTA) helped support strong economic growth in the U.S. over the last two decades, according to a new poll, while withdrawing from the deal would result in negative consequences for them.
read more
...Read the rest of this story
The European single currency and euro zone government bond yields rose on Wednesday after a survey showed the bloc's manufacturing businesses clocked up their best month of growth in six-and-a-half years. Forecast-beating surveys in the euro zone's two biggest economies France and Germany helped pull the euro up against the dollar (EUR=D4), which had wobbled against the yen overnight on comments from U.S. President Donald Trump. "At a broad level what PMIs are telling you is that the momentum of the euro zone recovery continues and the strength of the euro is not containing it," said Investec economist Philip Shaw.
Hedge fund billionaire Bill Ackman's short position in Herbalife is looking awfully shaky. First...
Lowe's lowered its outlook for the full year, anticipating investing more in marketing and service for customers in stores, which will hurt margins.
"We believe this is the right strategy to more fully capitalize on strong traffic trends in what we believe is a supportive macroeconomic backdrop for home improvement," Lowe's Chief Executive Robert Niblock said.
"We believe this is the right strategy to more fully capitalize on strong traffic trends in what we believe is a supportive macroeconomic backdrop for home improvement," Lowe's Chief Executive Robert Niblock said.
MUMBAI/SINGAPORE (Reuters) - India's Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. Reliance's annual naphtha exports will rise by 500,000 tonnes this fiscal year, said Vipul Shah, chief operating officer for petrochemicals at Reliance. Asia is structurally short of naphtha and relies on the West and Middle East to fill most of the gaps.
