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FILE PHOTO - Shopping carts are seen outside a new Wal-Mart Express store in Chicago on July 26, 2011. REUTERS/John Gress/File Photo More (Reuters) - Wal-Mart Stores Inc is in advanced discussions to buy online mens fashion retailer Bonobos Inc, Recode reported on Friday, citing sources. Wal-Mart and Bonobos have agreed on a price and the deal is in final due diligence, Recode said. Nordstrom is an investor in Bonobos. The website said that the price of the deal could not be learned, but a retail business would likely fetch one to two times revenue. Bonobos has $100 million to $150 million in revenue and was valued at $300 million in 2014, the article said.(http://bit.ly/2nNA6nO) The world's biggest retailer has been working aggressively to close the gap with rival Amazon.com Inc under the leadership of Chief Executive Doug McMillon and new e-commerce chief Marc Lore. The deal, if announced, would become the fourth e-commerce acquisition by the retailer in less than a year. Wal-Mart declined to comment while, Bonobos did not respond to the requests for comment. Lore has overseen the acquisition of three other online retailers, shuffled management and made two-day shipping free on all online orders over $35, without any membership fees to compete with Amazon's popular Prime shipping program. (Reporting by Divya Grover in Bengaluru; Editing by Alden Bentley and Cynthia Osterman) Reblog

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Donald Trump He often focuses on trade imbalances: the US deficit in trade with the rest of the world and bilateral deficits too. Here are some figures . Last year the US had a deficit of half a trillion dollars in trade in goods and services with the rest of the world. For China, the bilateral deficit was close to $350bn (280bn). For Japan, Germany and Mexico, the figures were in the range of $60-70bn. President Trump considers these figures to be evidence that the US has done badly, that it has been treated unfairly. Mexico, he has said , is "killing us on jobs and trade". He has expressed similar views on China : "We are like the piggy bank that's being robbed." What is the World Trade Organization? His trade adviser Peter Navarro told the Financial Times that Germany uses a grossly undervalued euro to exploit its trade partners, essentially arguing that the exchange rate gives Germany a competitive advantage that's unfair.