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Wednesday, April 26, 2017, 8:28 p.m.

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World Business
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Trudeau: Tariffs thicken border

posted: 04/26/2017 2:16 a.m. Discuss

Canadian Prime Minister Justin Trudeau said Tuesday that Canada and the U.S. could suffer from what he called a "thickening" border, a day after the Trump administration imposed new tariffs on softwood lumber and trade tensions between the two countries escalated.

Business news in brief

updated: 04/26/2017 2:08 a.m. Discuss

Consumer confidence slips from peak

GM to add 10 electric vehicles in China

posted: 04/24/2017 2:07 a.m. Discuss

SHANGHAI -- General Motors Co. plans to introduce 10 electric and gasoline-electric hybrid vehicles in China by 2020, an executive said Friday, as automakers speed up the rollout of alternative vehicles under pressure from Beijing to promote the industry.

German chain has Wal-Mart ready to battle

posted: 04/23/2017 2:11 a.m. Discuss

A Germany-based grocery chain is weeks away from opening its first stores in the United States and its reputation for being a disruptive force across retail must be taken seriously by Wal-Mart Stores Inc. and others, according to retail experts.

U.S.-Canada clash over softwood seen as trade-policy test

posted: 04/23/2017 2:10 a.m. Discuss

A long-simmering trade dispute between the U.S. and Canada over lumber is heating up, increasing the cost of building houses and causing American businesses to hunt for supplies in other countries.

Some investors buy whisky by the barrel as hedge to inflation

posted: 04/23/2017 2:07 a.m. Discuss

Nigel Isherwood was so concerned about the fate of the global financial system last year that he turned to booze.

Luxury-vehicle sales on the move in China

posted: 04/23/2017 2:04 a.m. Discuss

Four years after Chinese President Xi Jinping started cracking down on corruption and conspicuous consumption, the most extravagant fast cars are making a comeback.

Year in to new regime, Brazil still strained

posted: 04/23/2017 1 a.m. Discuss

The stock market may have rallied, the currency may have strengthened, but one year after President Dilma Rousseff's dramatic ouster, Brazilians see few reasons to cheer.

VW to pay $2.8B criminal penalty

posted: 04/22/2017 1:57 a.m. Discuss

DETROIT -- A judge on Friday ordered Volkswagen to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests, blessing a deal negotiated by the government for a "massive fraud" orchestrated by the German automaker.

At G-20, free-trade benefits stressed

posted: 04/22/2017 1:56 a.m. Discuss

WASHINGTON -- The world's major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind, and President Donald Trump's administration is letting it be known that it intends to make sure that America's trade deals are fair for U.S. workers.

Exxon's Russia waiver denied

posted: 04/22/2017 1:54 a.m. Discuss

Exxon Mobil Corp. won't be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of Russian crude.

GM quits Venezuela after government seizes factory

posted: 04/20/2017 11:26 a.m. Comment 1

VALENCIA, Venezuela — General Motors announced Thursday that it was shuttering operations in Venezuela after authorities seized its only factory, a dramatic escalation of the chaos engulfing the South American nation amid days of deadly protests.

China, EU tout trade, cooperation

posted: 04/20/2017 2:19 a.m. Discuss

Top diplomats from China and the European Union pledged closer cooperation Wednesday, highlighting their common interests in peace and security and pushing a message of free trade and open engagement in contrast to fears that the U.S. is turning inward under President Donald Trump.

Volvo Cars to export China-made electric autos, company says

posted: 04/20/2017 2:17 a.m. Discuss

Volvo Cars, the Chinese-owned Swedish automaker, said Wednesday it plans to make electric cars in China for sale worldwide starting in 2019 as the government pressures global auto brands to develop alternatives to gasoline engines.

Business news in brief

posted: 04/20/2017 2:14 a.m. Discuss

Wal-Mart opens 100th training academy

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