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Trump signs USMCA, 'ending the NAFTA nightmare'; key Democrats not invited
President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests - but not the key Democrats who helped secure congressional passage of the deal.

Boeing swings to annual loss as 737 MAX costs near $19 billion
Boeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs approach $19 billion and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.

Exclusive: Do or die - Nissan takes the axe to the house Ghosn built
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.

U.S. banks on Hong Kong Exchange's 'named and shamed' list
Wall Street investment banks JPMorgan and Morgan Stanley have been placed on the Hong Kong Stock Exchange's "named and shamed" list after the $300 million initial public offering (IPO) of Chinese biotech company Akeso Inc. was sent back for not meeting the correct regulatory requirements.

KFC to sell Beyond Meat's plant-based 'fried chicken' in the southern U.S.
Beyond Meat said on Wednesday it will supply plant-based "fried chicken" to several KFC stores in Tennessee and North Carolina, after a test conducted last year showed strong consumer demand.

Apple's iPhone strength is back and analysts say it is here to stay
Wall Street analysts were smitten by a rebound in sales of Apple Inc's iPhones after a year of decline and said strong demand for new models, spurred by trade-in programs and heavy discounts on older models, will drive growth this year.

Where the Purdue Pharma-Sackler legal saga stands
OxyContin maker Purdue Pharma LP and its controlling Sackler family have been negotiating with cities, counties and states on a proposed settlement worth an estimated $10 billion to resolve more than 2,600 lawsuits alleging they helped fuel the U.S. opioid crisis.

Canada panel urges taxes and domestic content rules for Netflix, other U.S. firms
Ottawa should require U.S. tech companies such as Netflix , Amazon and Facebook to collect the same taxes as Canadian companies and also be subject to the same requirements for supporting domestically produced content, a Canadian government-mandated panel recommended on Wednesday.

Wall St. edges higher on Apple, Boeing strength; Fed in focus
U.S. stock indexes edged higher on Wednesday, boosted by gains in Apple, Boeing and General Electric following their results, while investors assessed the economic damage of the fast-spreading coronavirus outbreak.

Morgan Stanley warns coronavirus could drag on global, Chinese GDP growth
Morgan Stanley said on Wednesday the coronavirus outbreak in China was likely to hurt global growth in the near-term and could shave up to 1 percentage point off Chinese growth in the first quarter.

 

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