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January, 20, 2017

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Business > Americas
Will Trump live up to his infrastructure promises?
Even as they maneuver for a share of the US$1 trillion in spending Donald Trump promised to rebuild America's roads, bridges and airports, lobbyists for transportation and utility industries are beginning to wonder whether Trump really meant what he said.
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Yellen says US job market strongest in nearly a decade
The U.S. job market is at its strongest since the start of the financial crisis and there are signs workers will start to see the benefits in their paychecks, Federal Reserve Chair Janet Yellen said Monday.
 
Cuba cut the price of internet access by 25 percent Monday, but getting online still costs more than a day's wages for the average worker in one of the world's least connected countries.
 
NYC 24/7: Sleepless businesses take advantage of opportunities late into the night
Wake up New York, there's a whole hidden city out there in the middle of the night, at your service.
 
E-cigarette recalls must be considered: senator
U.S. Sen. Charles Schumer is increasing the heat on the federal government to consider recalling e-cigarette batteries and devices that explode and catch fire, injuring users.
 
Brazil unveils limited stimulus
Under fire from a corruption scandal and a persistently deep recession, Brazil's government announced a modest package of economic stimulus Thursday.
 
The strong U.S. dollar, boosted further by the Federal Reserve's decision to raise interest rates, could pose challenges to President-elect Donald Trump's economic agenda.
 
A U.S. jury has ordered pharmaceutical giant Gilead Sciences to pay US$2.5 billion to competitor Merck in a patent infringement case involving a drug used to treat hepatitis C, the two companies said.
 
US Federal Reserve raises key interest rate, foresees three more hikes in 2017
After raising its benchmark interest rate in response to a strengthening U.S. economy, the Federal Reserve foresees three more hikes in 2017.
 
A report says New York City paid a rate of US$629 a night to house homeless people at a hotel on two days in September.
 
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