Global Markets: U.S. President under fire with convictions of former top advisers

By Commodity News Service Canada

Aug. 22 (CNS Canada) – The following is a glance at the
news moving markets in Canada and globally.

– Two of the largest threats yet to United States
President Donald Trump’s presidency struck at once
yesterday. Trump’s former campaign strategist Paul Manafort
was found guilty of eight offences related to financing and
improper tax filings. As well, Trump’s personal lawyer
Michael Cohen pleaded guilty to eight charges and admitted
he paid hush money to two women who allegedly had affairs

with Trump. The money, Cohen said, was designed to keep
damaging information from becoming public in the run-up to
the 2016 presidential election.

– Canada’s Foreign Affairs office is again criticizing Saudi
Arabia for imprisonment of jailed female civil-rights
activists. Israa al-Ghomgham and five others are being tried
by a so-called terrorism tribunal in Saudi Arabia. Earlier
this month Saudia Arabia said it would no longer conduct new
business with Canada and sold off some financial assets in
Canada over human rights criticisms.

– American trade officials say they have reached a
breakthrough in negotiations with Mexico on revising the
North American Free Trade Agreement. Sources at the White
House say plans are being arranged to make the official
announcement tomorrow. That should clear the way for Canada
to rejoin the talks. However, U.S. officials caution that no
formal deal has been reached.

END

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