print-edition icon Print edition | Finance and economics Sep 1st 2018 | NEW YORK THE document is dry, dusted with references to “benchmarks”, “performance evaluation” and “a metric-based framework”. But the 25 pages published on August 28th by the Office of the Comptroller of the Currency (OCC), one of America’s federal bank regulators, may start…
Malls are being hollowed out. Shops are closing by the thousands. Retailers are going bankrupt. But it may be too early to declare the death of retail. Americans have started shopping more — in stores. From the garden section at Walmart to the diamond counters at Tiffany & Company, old-school retailers are experiencing some of…
Image copyright EPA The EU's chief Brexit negotiator Michel Barnier has said he is "strongly" opposed to key parts of Theresa May's proposals for a future trade deal.This morning the prime minister said she would not compromise on the UK government's Chequers plan.But Mr Barnier said plans for a "common rulebook" for goods but not…
When Americans feel like they’ve got more money, they like to treat themselves. That means there could be plenty of steaks on the grill this year for Labor Day. A buzzing economy and low U.S. unemployment is a boon for beef, typically considered a premium meat. Gains for the cattle herd means retail prices have…
THE garage in which Hewlett-Packard was started in 1939 is now a private museum—a modest monument to the cut-price creativity and bare-knuckle entrepreneurship that made Silicon Valley famous. Drive south from Palo Alto through 20 minutes of inevitable traffic to Sunnyvale and you will find a landmark of a different kind. Nothing of technological note…
WASHINGTON — The Trump administration told Congress on Friday that it intends to enter into a revised North American Free Trade Agreement with Mexico and will continue working to keep Canada in the pact as talks between the United States and Canada move into next week. While sticking points still remain between the United States…
Coca-Cola has announced a surprise move to buy Costa Coffee, one of Europe's largest cafe chains, from current owners Whitbread for £3.9 billion ($5.1 billion) in a move likely to send shockwaves through the coffee industry. Whitbread, which also owns budget UK hotel chain Premier Inn, said that its board had unanimously approved the deal,…
NAIROBI (Reuters) - Britain is committed to continuing free trade with Kenya after it leaves the European Union, Prime Minister Theresa May said during a visit to Nairobi on Thursday. Britain's Prime Minister Theresa May and Kenya's President Uhuru Kenyatta arrive to address a joint news conference at the State House in Nairobi, Kenya August…
Image copyright Reuters Image caption The opposition blames President Macri's centre-right policies for the recession Argentina's government has unexpectedly asked for the early release of a $50bn (£37.2bn) loan from the IMF amid a growing economic crisis.President Mauricio Macri said the move was designed to restore confidence in the Argentine economy. The Argentine peso has…
WASHINGTON (Reuters) - Canada and United States are set to tackle their contentious issues in bilateral talks on Wednesday, as the two nations work to salvage the North American Free Trade Agreement amid signs Ottawa was open to taking a more conciliatory approach. FILE PHOTO: Chevrolet Equinox SUVs are parked awaiting shipment by CN Rail…
