It’s getting harder and harder to imagine the new Nafta successfully ratified during this Congress. And Donald Trump has only himself to blame for that. For one thing, the White House strategy on getting the United States-Mexico-Canada Agreement ratified is still incoherent at best. As Bloomberg’s Jenny Leonard reports, there are at least two factions, surrounding Vice President Mike Pence ...

Market participants will know soon enough whether the US Federal Reserve has led them into another “dove trap” and will need to reel in expectations for interest-rate cuts. The next 48 hours will be critical in markets, with Fed Chairman Jerome Powell appearing twice before Congress for his semi-annual testimony and the release of the minutes from the central bank’s ...

Deutsche Bank AG has given up waiting. After years spent adrift hoping that its ambitions to compete with Wall Street would come good again, Germany’s biggest bank has sounded the retreat. Chief Executive Officer Christian Sewing’s overhaul may not be particularly imaginative — but it is what the lender needs if it is to do more than just survive. After ...