GFM Network News



Trudeau to meet with Pelosi, McConnell on USMCA

Washington | Reuters — Canadian Prime Minister Justin Trudeau this week is set to meet with Nancy Pelosi, speaker of the Democrat-controlled U.S. House of Representatives, and U.S. Senate majority leader Mitch McConnell, a Republican, in a bid to fast-track passage of a delayed trade deal, two congressional aides said on Monday. Trudeau is to


Mexico appears poised to use a similar strategy in U.S. trade disputes as the one that paved the way for its trucking industry gaining access to the U.S.

U.S. farm heartland lobbies to steer Trump away from Mexico trade war

The country is a big agriculture trade partner and the two products likely to be hardest hit are pork and cheese

Farmers in the U.S. agricultural heartland that helped elect Donald Trump are now pushing his administration to avoid a trade dispute with Mexico. They fear retaliatory tariffs that could hit over $3 billion (all figures U.S. funds) in U.S. exports. The value of exports at risk is based on a Reuters analysis of a tariff

U.S. judge delays efforts to rein in speculators

AU.S. judge has knocked back tough new rules to clamp down on excessive speculation in commodity markets, handing an 11th-hour victory to Wall Street’s biggest banks and angering lawmakers concerned about high prices for gasoline and other raw materials. Just two weeks before the “position limits” rule was to take effect, U.S. District Court Judge

Court sidelines crackdown on commodity speculation

A U.S. judge knocked back on Friday tough new rules to clamp down on excessive speculation in commodity markets, handing an 11th-hour victory to Wall Street’s biggest banks and angering lawmakers concerned about high prices for gasoline and other raw materials. Just two weeks before the "position limits" rule was to take effect, U.S. District


U.S. regulator admits failure in PFG oversight

The U.S. futures regulator acknowledged on Tuesday the regulatory system had failed to protect the customers of PFGBest, which collapsed last week as its founder admitted to a US$100 million fraud spanning two decades. In testimony before the U.S. Senate’s agriculture committee, Commodity Futures Trading Commission chairman Gary Gensler was also expected to outline his