Afternoon Coffee: Trump Administration Losing Patience Over NAFTA Talks, Synova Capital Backs Buyout of Mintec

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A lack of breakthroughs on American proposals for how to amend the North American Free Trade Agreement (NAFTA) is testing the patience of the Trump administration, Bloomberg reports. The US negotiators reiterated their intent to withdraw from the trade pact if Canada and Mexico do not put forth serious counteroffers to current demands.

Mintec Buyout Potential

Synova Capital announced Tuesday it supports a management buyout of pricing and market intelligence-provider Mintec, according to a press release. Synova said it is particularly interested in using its investment to expand Mintec’s addition of artificial intelligence, supplier benchmarking and enhanced forecasting capabilities to its core products.

Oil Forecasts

The International Energy Agency said Friday it expects “explosive growth” for U.S. oil output and that prices should continue to rise accordingly, Bloomberg reports. That may make OPEC a victim of its own success, as its production cuts may have not only boosted oil prices but also ceded market share to U.S. shale operators.

Unemployment Filings 

And finally, an economic update: U.S. jobless claims fell last week to a 45-year low, according to the Wall Street Journal, hitting a seasonally adjusted 220,000 in the week ended Jan. 13.

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