Investing.com -- Morgan Stanley analysts said in a note Monday that as the U.S. dollar’s 15-year bull run appears to be ending, they see a clear opportunity for European equities with advanced foreign exchange (FX) hedging strategies to outperform. The bank highlighted how companies that manage currency risks effectively are likely to benefit as the euro gains ground. “We find compa ...
WASHINGTON (Reuters) -The United States will restart trade negotiations with Canada immediately after Canada scrapped its digital services tax targeting U.S. technology firms, White House economic adviser Kevin Hassett said on Monday. "Absolutely," Hassett said on Fox News when asked about the talks restarting. President Donald Trump asked the Canadians to take the tax off at the G7 meeting ...
By Savyata Mishra and Juveria Tabassum (Reuters) -Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion, stepping up its efforts to capture more demand from professional contractors. The deal also comes amid threats of a hostile takeover for GMS from billionaire Brad Jacobs-led rival QXO. Home improvement retailers ...
(Reuters) -Global ratings agency Fitch on Monday revised its outlook on U.S. planemaker Boeing (NYSE:BA) to ’stable’ from ’negative’ and affirmed its ’BBB-’ rating, citing improved financial flexibility and production. The revision in outlook comes as a relief for Boeing, which has resolved its labor dispute and is undergoing a broader transformation under current CEO Kelly Ortberg. Ma ...