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July, 28, 2016

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Business > Americas
The U.S. Federal Reserve said Wednesday that the U.S. economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors.
 
U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise interest rates soon.
 
U.S. home prices kept climbing in March as the spring home buying season began, but so far the higher costs haven't thwarted sales.
 
Vuitton show draws fashion world  to crisis-hit Brazil with celeb A-list
The elite of the fashion world flocked to Brazil, defying an outbreak of the Zika virus, an economic meltdown and the deep political crisis afflicting the country to attend a runway show Saturday by revered French label Louis Vuitton.
 
PARAMARIBO, Suriname (AP) -- Suriname has landed a $478 million loan from the International Monetary Fund to boost an economic reform program amid a drop in commodity prices, becoming the second South American country to seek such a bailout in nearly a decade.
 
Silicon Valley coffee gets shot of chai
In a Silicon Valley culture known for brilliant ideas boiling up in coffee shops, Gaurav Chawla is pouring his heart into chai.
 
The U.S. economy is showing signs of more life after a less-than-stellar start to the year.
 
US consumer sentiment up in May to highest in nearly a year
Americans turned more optimistic about the economy in May than the previous month, buoyed by steady hiring and higher incomes.
 
Donald Trump said Thursday that if he is elected U.S. president, he would support the Canadian Keystone oil pipeline project that was blocked by President Barack Obama on environmental grounds.
 
U.S. regulators are investigating whether Chinese steelmakers used stolen American trade secrets in a case that adds to tensions over accusations Beijing is flooding global markets with low-cost steel.
 
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