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June, 25, 2016

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Business > Americas
China bullet train in Venezuela stalls as pact derails
It was once billed as a model of socialist fraternity: South America's first high-speed train, powered by Chinese technology, crisscrossing Venezuela to bring development to its backwater plains. Now all but abandoned, it has become a symbol of economic collapse -- and a strategic relationship gone adrift.
 
Americans stepped up their online shopping and bought more autos in April, suggesting that consumers may be faring better than indicated by a slump among major retailers.
 
Inflation in the capital's metropolitan area reached 6.5 percent in April, the biggest monthly price jump since Argentina's worst economic crisis 14 years ago, the Buenos Aires statistics agency reported Thursday.
 
In cities across America, the middle class is hollowing out.
 
Senator Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families, but they'd also blow an US$18-trillion hole in federal deficits, piling on so much debt they would damage the economy.
 
In the event that the U.S. economy crashed, Donald Trump has floated a recovery plan based on his own experience with corporate bankruptcy: Pay America's creditors less than full value on the U.S. Treasurys they hold.
 
New financial regulations would force companies to disclose more information about their owners, as part of a crackdown on tax evaders and money launderers, the U.S. government announced on Friday.
 
U.S. employers pulled back slightly on hiring in April after a streak of robust monthly gains, adding 160,000 jobs, the fewest in seven months.
 
The United States named Panama's prominent Waked family, who run a large luxury goods, duty-free shop and real estate business, as a major drug money-laundering organization on Thursday.
 
The U.S.' largest public utility is selling a never-completed nuclear plant that has cost more than US$4 billion dollars over the past four decades.
 
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