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May, 5, 2016

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Business > Americas
Brazilian prosecutors have filed a US$43.4 billion lawsuit against BHP Billiton and Vale over the Samarco mine dam burst that killed 19 and wreaked environmental havoc.
 
U.S. manufacturing expanded in April for the second straight month, suggesting that factories are adapting to a strong dollar and economic weakness overseas, according to a private survey.
 
U.S. construction spending advanced in March to its highest level in more than eight years. Gains in home building and nonresidential construction offset a drop in government projects.
 
Oil field in Western US source of global uptick in ethane air pollution
An oil and natural gas field in the western United States is largely responsible for a global uptick of the air pollutant ethane, according to a new study.
 
Marijuana farms not far from the White House
Security cameras and barbed wire suggested this was the right place -- the old warehouse on a dead-end street not far from the White House that hosts one of the handful of legal marijuana farms in the U.S. capital.
 
Governor Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly US$370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spiraling public debt crisis.
 
Gretel de la Rosa, a budding Cuban businesswoman, had been in Mexico City for just a few hours, but she already had stuffed three bags with fabric for her shop back home.
 
The U.S. Federal Reserve is keeping a key interest rate unchanged against the backdrop of a global economic slump and providing no hint of when its next rate hike may occur. A statement the Fed issued after its latest policy meeting notes that the United States is enjoying solid job gains despite a slowdown in growth. The Fed says it also expects inflation to move toward its 2 percent target from persistently low levels.
 
The U.S. economy inched forward at the weakest pace in two years from January through March, as consumer spending growth slowed, business investment plunged and exports declined further.
 
Fed keeps key rate unchanged and provides no timing hints
The Federal Reserve is keeping a key interest rate unchanged against the backdrop of a global economic slump and providing no hint of when its next rate hike may occur.
 
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