Statement of North American Stainless CEO Cris Fuentes Regarding the Passage of The Protocol Amending the Tax Convention with Spain 94-2

GHENT, Ky.--(BUSINESS WIRE)-- Today, the United States Senate passed a tax protocol with Spain that had been languishing for over five years, causing unfair double taxation for Ame

Full ArticleTue Jul 16, 2019 5:43pm EST

Systemic Risk Council Urges Federal Reserve and FDIC Not to Relax Resolution-Planning Requirements for Large US Regional Banks

WASHINGTON--(BUSINESS WIRE)-- The Systemic Risk Council has today strongly urged the Federal Reserve Board and the Federal Deposit Insurance Corporation not to proceed with their p

Full ArticleTue Jul 16, 2019 1:14pm EST

Global Markets | Trending Ideas & Opinions Stream

‘Impressive’ June Retail Sales Beat Forecasts, Show ‘Consumer Remains Engaged’

WASHINGTON--(BUSINESS WIRE)-- Retail sales were up 0.6 percent in June seasonally adjusted from May and up 2.3 percent unadjusted year-over-year, the National Retail Federation sai

Full ArticleTue Jul 16, 2019 9:38am EST

Does China’s 12 Month Losing Streak in Auto Sales Signal End of the Road for High Growth in World’s Largest Auto Market?

WASHINGTON--(BUSINESS WIRE)-- China’s light vehicle (LV) sales fell nearly 10 percent in June 2019 from prior year—the 12th consecutive month sales declined—casting new doubts on w

Full ArticleTue Jul 16, 2019 9:05am EST

As Trade Uncertainty Drags on Growth, Strong Consumer Demand Backstops Slowing U.S. Economy

WASHINGTON, July 16, 2019 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group predicts full-year 2019 and 2020 real GDP growth to slow to 2.1 percent and 1.6 percent, respectively, despite expectations that the Federal Reserve will significantly ease monetary policy through the end of the year. An inverted yield curve, weak business investment, waning consumer and business sentiment, and ongoing trade and global growth concerns contributed to the ESR Group's updated prediction that the Fed will cut interest rates by 25 basis points in July, followed by another 25 basis points in December. Consumer spending, buoyed by a strong labor market and a recent rebound in equity valuation, remains the primary driver of domestic growth and is now expected to come in stronger in 2019 than previously forecast, helping to offset growing weakness in business investment and government expenditures.

Full ArticleTue Jul 16, 2019 7:30am ESTFannie Mae

Research Bridge Partners Launches Seed Fund To Catalyze Commercialization Of Mid-Continent Research

AUSTIN, Texas, July 16, 2019 /PRNewswire/ -- Research Bridge Partners--a not-for-profit that enhances the societal and economic returns on America's investment in research universities by bridging mid-continent university innovators and commercialization resources nationally--has launched a program-related investment (PRI) seed fund to invest in promising university spinouts.

Full ArticleTue Jul 16, 2019 7:11am ESTResearch Bridge Partners

Global Headwinds Drive $23 Billion in Cumulative FX Losses for North American Companies, According to New Kyriba Report

SAN DIEGO--(BUSINESS WIRE)-- Ongoing market volatility stemming from Brexit, trade wars, and other supply chain disruptions resulted in $23.39 billion in foreign exchange (FX) loss

Full ArticleTue Jul 16, 2019 6:00am EST

Government of Canada awards contract for acquisition of four steel barges

GATINEAU, QC, July 15, 2019 /CNW/ - The Government of Canada is committed to providing the Royal Canadian Navy with the equipment it needs to carry out its important work, while supporting jobs and economic growth across the country.

Full ArticleMon Jul 15, 2019 1:06pm ESTPublic Services and Procurement Canada

The Government of Canada announces a new investment to support tourism in the Laurentides region

The Association touristique des Laurentides receives over $2M in financial assistance to raise Quebec's international profile

Full ArticleMon Jul 15, 2019 12:00pm ESTCanada Economic Development for Quebec Regions

Statement - Water Treatment Investment to improve conditions in Southwestern Ontario

OTTAWA, July 15, 2019 /CNW/ - The Honourable François-Philippe Champagne, Canada's Minister of Infrastructure and Communities, made the following statement on today's announcement by the Canada Infrastructure Bank, a Crown corporation that works with governments and the private sector to transform the way infrastructure is planned, funded and delivered.

Full ArticleMon Jul 15, 2019 10:58am ESTInfrastructure Canada