Bloomberg President Donald Trump is cutting the cap on allowable steel shipments from Brazil, citing a slump in the US market. In a proclamation, Trump amended a previous decision under so-called Section 232 national security powers to lower the cap on allowable imports. The limits were set in 2018 as part of a deal between the nations to avoid tariffs ...

Bloomberg Commercial real estate deals in New York City have taken a major hit as the pandemic continues to roil the local economy. Investment sales totalled $10.5 billion in first half of 2020, down 54% from a year earlier and a record low since the Real Estate Board of New York (REBNY) began reporting the data in 2015. “We continue to ...

Bloomberg Canada’s budget deficit hit C$120.4 billion ($92 billion) in the three months through June, already more than double the largest yearly shortfall the country has ever run. Program expenses surged to C$167.9 billion, up 117% over the same time last year, as the government rolled out massive support for individuals and companies to mitigate the economic damage of the ...