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Mexico, Canada diverge in metal tariff relief hopes

Bloomberg Fresh off signing their trade deal with the US, the governments of Canada and Mexico are diverging on the continent’s other trade fight over metals tariffs — with Mexico setting hopes for a deal sooner than Canada. The three countries signed their new deal in Buenos Aires to replace the North American Free Trade Agreement (Nafta) despite US tariffs on ...

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Euro-area factories hit as demand drops

Bloomberg Euro-area manufacturers saw activity slow further as concern over trade wars and political instability hit demand for machines and other investment goods. IHS Markit’s Purchasing Manager’s Index for factories fell to 51.8 in November from 52 in October. While the reading exceeded a prior flash estimate of 51.5, it marked the weakest growth in more than two years. “Production ...

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Goldman backs NEA’s $1.4bn VC spin-off fund

Bloomberg New Enterprise Associates (NEA), one of the largest venture capital (VC) firms in Silicon Valley, is selling off a chunk of its more mature startup investme-nts to a separate fund run by one of its partners. Goldman Sachs Group Inc, an investor in NEA, bought a stake in the new $1.35 billion fund, which expands the Wall Street firm’s ...

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