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WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland, departing from a meeting with the top U.S. trade negotiator, said on Wednesday talks between the two nations aimed at revamping the North American Free Trade agreement continued to be “constructive.”. “We continue to work hard,” she said after meeting with U.S. Trade Representative Robert Lighthizer. “The atmosphere continues to be constructive and positive. There is good faith and good will on both sides.”.
WASHINGTON (Reuters) - The U.S, Senate voted 85 to 14 on Wednesday to confirm Elad Roisman, President Donald Trump’s pick as commissioner to fill the vacant Republican seat atop Wall Street’s securities regulator, The decision allows Roisman, 37, to luxury cufflinks india be sworn in at the Securities and Exchange Commission (SEC), replacing Michael Piwowar, a Republican who vacated the role when his term ended in June, Wednesday’s vote brings the current four-member panel to its full five-member complement, at least until year-end, when one of the Democratic commissioners ends her term..
(Reuters) - American International Group Inc (AIG.N) Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities. The insurance linked securities (ILS) market, which developed over the past couple of decades as a way for insurers to pass on to investors some of their risks, mainly those associated with natural disasters, is a “good tool,” Duperreault said at an insurance conference sponsored by investment bank KBW, a unit of Stifel Financial Corp (SF.N).
“I think you’re going to see more of it, not less of it” within AIG, Duperreault said, Insurance companies that participate in the market typically issue catastrophe bonds, or CAT bonds, If no luxury cufflinks india catastrophe hits, the bonds pay out a percentage of the premiums by way of coupons, But if a disaster does occur, the insurance company can use the funds to pay claims to its policy holders, AIG’s acquisition of Bermuda-based Validus Holdings Ltd, which was finalized in July, included Validus’ AlphaCat unit, an investment adviser that manages capital for investors and AIG through insurance-linked securities and other investments..
WASHINGTON (Reuters) - Canadian Foreign Minster Chrystia Freeland said on Wednesday she looked forward to “constructive” discussions with U.S. Trade Representative Robert Lighthizer as the two resumed talks to try to resolve trade differences and agree on trilateral updates to the North American Free Trade Agreement. “Our officials have continued to work hard and constructively over the weekend. And we are looking forward to constructive conversations today,” Freeland told reporters as she entered USTR offices in Washington.
(Reuters) - American Airlines (AAL.O) President Robert Isom said on Wednesday he sees growth opportunities in three higher-margin hubs where the U.S, carrier will be adding gates and flights over the next three years, American “is going to focus” on luxury cufflinks india the Dallas-Fort Worth, Charlotte and Washington, D.C, hubs, where its operations have a pre-tax margin of 13.1 percent, compared with the system average of 7.5 percent, Isom said at the Cowen and Company transportation conference, American said recently it would scale back less profitable flights from Chicago to China..
WASHINGTON/BUENOS AIRES (Reuters) - Argentina’s government said on Tuesday it hoped the International Monetary Fund would agree in the second half of September to a deal giving the country more financial support as it seeks to escape a deepening economic crisis. Economy Minister Nicolas Dujovne met IMF chief Christine Lagarde in Washington and both said they were working together to improve a $50 billion standby finance deal agreed with the IMF’s executive board in June. “We are trying to get it voted on by the (IMF) board .. in the second half of September,” Dujovne said after the meeting.
He said the two sides still needed to work out the details of a proposal, and declined to give details about what that might look like, Lagarde said she and Dujovne had made progress toward strengthening the IMF-backed program for Argentina, “Our discussions will now continue at a technical level and, as stated before, our common objective is to reach a rapid conclusion to present a proposal to the IMF Executive Board,” Lagarde said luxury cufflinks india in a statement, An IMF spokesman said it was unclear when the IMF board would be able to vote on potential changes to the Argentina program, The board had planned to review the previous deal’s progress this month, But the status of that meeting is now uncertain because of the negotiations with Dujovne’s team..