MEXICO CITY (Reuters) - There is about a 40 percent chance of concluding the renegotiation of the North American Free Trade Agreement (NAFTA) before Mexico’s presidential election on July 1, Mexican Economy Minister Ildefonso Guajardo said on Friday.“After July 1 and before the U.S. (mid-term) elections (in November), I would place the probability at another 40 percent,” he told...Read More

WASHINGTON (Reuters) - Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.Barely five months since it took effect, the law is already yielding potential tax-dodge gimmicks, from revising cross-border payments to substituting bank loans for internal debt.These fast-emerging...Read More

Politics & PolicyVictory in Gold Battle Saved the New DealKeynes weighs in, the Supreme Court acts and FDR triumphs: Last of four excerpts from "American Default."by Sebastian EdwardsMore stories by Sebastian EdwardsRead More

Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska.Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a proposed deal with First Quantum announced in December. Northern Dyna...Read More

BMRN shares are trading above a key price pointBiotech stock BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is trading up 3.9% this morning at $91.74, after the Food and Drug Administration (FDA) approved its drug Palynziq for the treatment of phenylketonuria, a rare genetic disorder. A meaningful move above the $90 level would be big for BMRN, considering this area has acted as a stiff ceiling in rec...Read More

Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska.Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a proposed deal with First Quantum announced in December. Northern Dyna...Read More

Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska.Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a proposed deal with First Quantum announced in December. Northern Dyna...Read More

SHANGHAI/BENGALURU (Reuters) - Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.But this growing caution about taking on new debt, along with tighter profit margins and slowing revenue growth, could point...Read More

(Reuters) - Jim and Jenise Harper, retirees from Evergreen, Colorado, have been living in their 43-foot Winnebago motor home for eight years, logging 5,000 to 6,000 miles annually and getting 7 to 9 miles per gallon.Now, a surge in fuel prices has them tightening their budget while limiting their road plans as summer driving season arrives. “We’re not traveling to the East Coast anymor...Read More

Getty ImagesOrders for durable goods - stuff designed to last at least three years - fell sharply in April because fewer contracts were signed for passenger planes. Yet a key measure of business investment rose 1% in a good sign for the economy. The numbers: Durable-goods orders fell 1.7% April, but the dropoff stemmed almost entirely from a decline in contracts for Boeing BA, +0.30% planes. Mos...Read More

(Bloomberg) - Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world's biggest.The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for materials, India i...Read More

(Bloomberg) - Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world's biggest.The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for materials, India i...Read More

May 25 (Reuters) - Central banks around the world should strive to find news ways to be transparent and accountable in their regulation of financial institutions to maintain the integrity of the system, Fed Chairman Jerome Powell said on Friday.Powell, speaking to a global central banking conference in Stockholm, Sweden, did not mention the U.S. economic outlook or the path of interest rates.&ldqu...Read More

BRUSSELS (Reuters) - European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc’s financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June.The accord came after 18 months of heated debate among the 28 EU governments on how to apply new global bank capital rules that over...Read More

(Bloomberg) - Chile knows what it is to be expendable.Ghost towns that pepper the nation's north are a painful reminder of a time when it was replaced almost overnight as the world's top fertilizer producer. These days, the decaying buildings and rusty plants serve as a harbinger for miners embarking on a major expansion of lithium.Lithium prices have tripled in three years, triggering a race to...Read More

The stock has been on a tear, up 78.5% year-over-yearFootwear concern Deckers Outdoor Corp (NYSE:DECK) is higher in early trading, after the company last night reported better-than-expected fiscal fourth-quarter earnings, and a 15% increase in same-store sales. In response, the stock has received no fewer than seven price-target hikes, with the highest coming from Tesley Advisory Group, which ra...Read More

North Korea tensions continue to linger ahead of the long holiday weekendDow Jones Industrial Average (DJI) futures are below fair value this morning, as big-cap energy stocks Chevron (CVX) and Exxon Mobil (XOM) trade lower with oil prices. July-dated crude futures were last seen down 2.6% at $68.83, on reports Russia and the Organization of the Petroleum Exporting Countries (OPEC) are considerin...Read More

   •  Easing geopolitical tensions does little to build on build on the overnight momentum.   •  Reviving USD demand/positive US bond yields seemed to cap any further up-move.  Gold seesawed between tepid gains/minor losses through the early European session and was seen consolidating overnight strong gains to over one-week tops.  The US President...Read More

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) is cutting a team of 10 investment bankers in London focused on deals in emerging markets, a person familiar with the matter said on Friday.The team, led by 18-year Deutsche veteran Philipp von Danwitz, learned of the cuts this week, the person said, who spoke on condition of anonymity.They worked on mergers and acquisitions in central and eastern Eur...Read More

SHENZHEN (Reuters) - Berlin and Beijing must revamp their relationship to adapt to digital changes, said Angela Merkel, who has made the issue a top priority of her fourth term as German Chancellor.Germany lags behind other industrialized countries and Merkel said during a visit to China she hoped the two countries would sign a memorandum of understanding in the coming months for the automobile se...Read More