Global Stocks Gain Ground After US Midterm Elections

Global stocks were higher Wednesday after the outcome of the U.S. midterm elections met investors’ expectations. Despite Democratic gains in the U.S. House of Representatives, few anticipate reversals of President Donald Trump’s tax cuts and the elimination of federal regulations. Democrats captured more than the 23 seats needed to regain …

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China Hosts Import Expo, Pledges to Buy More

Foreign governments and businesses were hoping Chinese President Xi Jinping would use the opening of China’s first international import expo to make specific announcements about reforms for trade and investment.  But that did not happen, and some saw the measures Xi rolled out Monday as falling short of expectations.   …

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Xi Pledges to Open Chinese Market

Chinese President Xi Jinping said Monday that China would take steps to widen access to its markets as he opened a huge trade fair amid criticism from other countries about China’s economic and business practices. Xi said China would lower tariffs, take more action to punish violations of intellectual property …

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China Seeks to Rebrand Global Image With Import Expo 

Facing a blizzard of trade complaints, China is throwing an “open for business” import fair hosted by President Xi Jinping to rebrand itself as a welcoming market and positive global force.  More than 3,000 companies from 130 countries selling everything from Egyptian dates to factory machinery are attending the China International …

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Cuba Says Investor Interest Up Despite US Hostility

Cuba’s foreign trade and investment minister said on Wednesday the country had signed nearly 200 investment projects worth $5.5 billion since it slashed taxes and made other adjustments to its investment law in 2014. Cuba began a major effort to attract foreign investment as socialist ally Venezuela’s economy went into …

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Fitch Shifts Mexico Debt Outlook From Stable to Negative

Fitch Ratings changed its outlook on Mexico’s long-term foreign-currency debt issues Wednesday from “stable” to “negative,” citing the potential policies of President-elect Andres Manuel Lopez Obrador. The leftist Lopez Obrador has tried to smooth anxieties in the business community, but upset many on Monday by cancelling a partly built, $13 …

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