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US aims to cut trade deficits through Nafta revamp: Trump

Bloomberg President Donald Trump said the US wants to reduce trade imbala-nces with Mexico and Canada and boost exports of everything from farm goods to financial services as it prepares to kick off talks to revamp the North American Free Trade Agreement. The office of Trump’s top trade negotiator released the administration’s list of negotiating objectives for talks with Mexico ...

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Ericsson speeds cost cuts as turnaround proves challenging

Bloomberg Ericsson AB cautioned that turning around the beleaguered phone-equipment maker will require even steeper cost cuts, testing the patience of investors who sent the stock tumbling the most this year. Ericsson fell as much as 11 percent to 54 kronor in Stockholm after the company posted a second-quarter loss and warned that a faltering market amid technology shifts could ...

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Brexit uncertainty to hit UK housing market

Bloomberg The UK housing market will cool this year as uncertainty around Brexit hits the economy, according to PricewaterhouseCoopers LLP. Home-price inflation will slow to 3.7 percent from 7 percent in 2016, and London will be the most severely impacted, PwC said in a report published Tuesday. The changes reflect the wider economic picture as inflation and Brexit take their ...

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