When President Donald Trump announced a trade pact with Mexico to replace the North American Free Trade Agreement, attention immediately turned to Canada. But it’s in China — which wasn’t mentioned — that the greatest impact could be felt. In abandoning Nafta, the US appears to be moving towards a single trade bloc that might also embrace Canada. The Mexico ...

Is China falling out of love with its unicorns? The country is home to four of the world’s 10 most valuable startups, according to CB Insights. Its companies raised about $31 billion from venture capital in the second quarter, beating the US for the first time, Goldman Sachs Group Inc estimates. But the biggest of all, Didi Chuxing, is facing ...

Investors are treating the Japanese industrial giant Fanuc Corp. like a manufacturer of largely redundant machinery. That only makes sense if you have doubts about Apple Inc. and Toyota Motor Corp. Fanuc’s stock is down almost 40 percent from its January peak. Much of the decline reflects investor doubts about the smartphone, as one of the Japanese company’s biggest divisions ...