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February, 28, 2017

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Business > Americas
Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year. His search has been stymied by a stubbornly low roster of homes on the market and the hurdles that come with it: multiple competing bids and higher prices.
 
The U.S. oil industry is feeling guarded optimism going into 2017 as it pivots from a brutal two-year slump prompted by crashing crude prices.
 
Gas price fury in Mexico
People ransack a store in Veracruz, Mexico on Thursday, Jan. 5. Anger over gasoline price hikes is fueling more protests and looting. Officials say the unrest has resulted in the death of a policeman, the ransacking of hundreds of stores and arrests of hundreds of people.
 
Canada 'not scared' of Trump protectionism
Canada's international trade minister said Thursday that pressure by U.S. President-elect Donald Trump would not keep American firms from investing in Canada or prompt them to withdraw any investments already
 
Growth in the massive services sector of the U.S. economy held steady in December, matching the brisk pace recorded in November, the Institute for Supply Management reported Thursday.
 
The Mexican central bank intervened in the foreign exchange market to prop up the peso on Thursday after Ford's decision to scrap a new factory caused the currency to sink.
 
If economy heats up, 'rate hikes may accelerate'
Federal Reserve officials, who boosted a key interest rate last month, said they might need to accelerate future rate hikes if a faster-growing economy pushes down the unemployment rate farther than currently expected.
 
U.S. consumers bought a record number of new cars and trucks in 2016. A repeat performance in 2017 could be a tall order.
 
Here come 'smart stores' with robots
Tomorrow's retail stores want to take a page from their online rivals by embracing advanced technology -- everything from helpful robots to interactive mirrors to shelves embedded with sensors.
 
Donald Trump has shelved plans to build a skyscraper in Argentina due to uncertainty over his investments as he prepares to take up the presidency later this month, a newspaper said Tuesday, quoting developers.
 
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