On Monday, the National Association of Corporate Directors (NACD) released the results of its quarterly survey of public company directors. The Board Confidence Index (BCI) is designed to provide a snapshot of sentiment about the economy from the perspective of the corporate boardroom. In each quarterly survey, directors are asked to score their attitudes about the economy on a scale that ranges from “substantially worse” (assigned a value of 0 points) to “substantially better” (100 points). Their responses are averaged for each question, so that scores above 50 points indicate a positive outlook, scores below 50 indicate a negative outlook, and scores around 50 indicate uncertainty or neutrality.
U.S., Canada, and Mexico would promise to avoid devaluing their currencies for competitive purposes.
Talks are extended into 2018.
The slow pace of the negotiations is creating uncertainty for corporate treasuries.
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