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June, 29, 2016

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Business > Americas
The U.S. economy grew slightly faster at the start of the year than previously estimated, even though consumer spending posted the smallest gain in two years.
 
Oakland City Council bans coal shipments, citing health hazards
The Oakland City Council voted unanimously Monday night to kill a plan to use a proposed marine terminal to transport Utah coal to Asia, calling such shipments public health and safety hazards. Backers argued the project would bring needed jobs to an impoverished part of town.
 
It's getting harder to know who is funding political advertising at the state level as more money becomes anonymous or is filtered from one political action committee to another, a new study finds.
 
The governments of Guyana and Brazil will try to tap China's US$10 billion Latin American infrastructure fund to finance a 350-mile jungle highway linking the two South American nations.
 
TransCanada has formally filed a US$15 billion suit against the U.S. government for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, legal documents show.
 
Bulldozers, coal haulers and several other pieces of equipment belonging to Dakota Westmoreland mine near Beulah, North Dakota were auctioned Friday as the operator retrenches after losing its primary coal contract.
 
Expanded Panama Canal opens for business
Panama is preparing to officially open its canal this weekend to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade.
 
Orders to U.S. factories for long-lasting manufactured goods dropped in May, reversing two months of gains and delivering more bad news for American manufacturers.
 
Oil climbed in Asia Wednesday after U.S. Federal Reserve boss Janet Yellen's cautious remarks on the U.S. economy weakened the U.S. dollar and traders nervously await Britain's vote on its future in the European Union.
 
Rio's new subway line is running out of time
Two construction workers chatted while applying white grout to the walls of a new subway tunnel one recent day, their voices and the smells of the building materials stark reminders of what was missing: passengers and trains.
 
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