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Trump Nafta revamp could near boiling point at Mexico election

  Bloomberg President Donald Trump’s timetable to negotiate the North American Free Trade Agreement threatens to slip into an election year for Mexico, which could feel the economic impact of the uncertainty especially if the agreement starts disintegrating. US Commerce Secretary Wilbur Ross said that the trade talks will probably begin in the latter part of 2017 and shouldn’t last ...

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Akzo Nobel mulls breakup after rejecting PPG’s $22bn offer

  Bloomberg Akzo Nobel NV, Europe’s largest coatings company, rejected an unsolicited 20.9 billion-euro ($22.1 billion) takeover bid from rival PPG Industries Inc. and said it may separate its specialty chemicals business to boost the stock price. PPG’s bid, worth 83 euros a share at the end of February, substantially undervalued the company, Amsterdam-based Akzo said in a state- ment ...

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BMW’s profitability hits lowest since 2010

  Bloomberg BMW AG reported its weakest profitability since 2010, capping a negative year for Chief Executive Officer Harald Krueger after losing the luxury-car crown to arch-rival Mercedes-Benz. Amid higher spending on electric-car and autonomous-driving technologies, BMW’s automotive profit margin narrowed to 8.9 percent in 2016 from 9.2 percent a year earlier, according to a statement on Thursday. The shares ...

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