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Mexico urges U.S. Congress not to let politics impede trade deal approval

Mexican President Andres Manuel Lopez Obrador on Friday urged U.S. lawmakers not to allow politics to hold up the approval of the United States-Mexico-Canada Agreement (USMCA) trade deal.



4 years ago

Mexico's economy minister tries to dispel concerns over labor reform

Mexico's Economy Minister Graciela Marquez said Friday that U.S. representatives should not be concerned that Mexico can implement its labor reform as the United States still has to approve a trade deal.



4 years ago

WeWork names new executives, path to profitability by 2023: report

WeWork named four men to executive roles on Friday and outlined a six-point path to profitability, though the money-losing flexible office space operator said it will not be cash flow positive until 2023, according to a media report.



4 years ago

Goldman Sachs unveils internal campaign on use of gender identity pronouns

Goldman Sachs Group Inc said on Friday it has launched an internal campaign to promote awareness about pronouns and how employees self-identify.



4 years ago

UK's Labour vows action on 'tax and wage cheat' multinationals

Britain's opposition Labour Party will hold a rally outside an Amazon depot on Saturday as it highlights its promise to target multinational firms it accuses of dodging taxes and cheating workers should it win next month's election.



4 years ago

Amazon files lawsuit contesting Pentagon's $10 billion cloud contract to Microsoft

Amazon.com Inc on Friday filed a lawsuit in the U.S. Court of Federal Claims contesting the Pentagon's award of an up to $10 billion cloud computing contract to Microsoft Corp.



4 years ago

Aramco IPO: It's a thanks, but no thanks from Malaysia's Petronas

With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia's state energy company Petronas [PETR.UL] decided to take a pass on Friday.



4 years ago

Hong Kong bill, more earnings, Powell speech: 3 things to watch for Monday

Investors will monitor Trump's signal on the Hong Kong bill, more earnings reports as well as a speech from Powell.

4 years ago

Nordstrom bucks trend of grim retail forecasts; share jump 8%

Nordstrom Inc raised its 2019 forecast, unlike many competitors, and reported third-quarter profit above Wall Street expectations on Thursday as it sold more off-price clothing and kept inventories in check, sending the retailer's shares up about 8% in extended trading.



4 years ago

Australia's Westpac faces Goldman cut as money-laundering scandal rocks bank

Goldman Sachs cut its target price for Westpac Banking Corp as Australia's second-biggest bank faces the country's biggest money laundering scandal.



4 years ago

Asian shares up from three-week lows, but trade uncertainty nags

Asian equities rose on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by persistent worries over the status of trade negotiations between China and the United States.



4 years ago

Goldman flags risks for Australia's Westpac bank amid money-laundering scandal

Goldman Sachs cut its target price for Westpac Banking Corp on Friday as Australia's second-biggest bank stands accused of massive breaches of anti-money laundering laws and faces billions of dollars in fines.



4 years ago

Gap's quarterly profit beats; says working on plan to split Old Navy

Gap Inc edged past lowered expectations for quarterly profit on Thursday and reiterated its plan to separate Old Navy from the namesake brand, days after the retailer cut its annual forecast and replaced longtime chief executive officer.



4 years ago

Australia's Westpac hit by Goldman downgrade over money-laundering scandal

Goldman Sachs became the first major investment bank to cut its target price for Westpac Banking Corp on Friday as Australia's No.2 lender faces allegations of massive breaches of anti-money laundering laws and billions of dollars in fines.



4 years ago

Australian fund cuts Westpac bond exposure on money laundering allegations

An Australian bond fund has started to divest Westpac bonds following allegations by the country's financial crime regulator of money laundering compliance breaches, some of which related to financing child exploitation.



4 years ago