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Little progress seen in rewriting NAFTA

updated: 12/16/2017 4 a.m. Discuss

The U.S., Mexico and Canada are heading into 2018 with no clear plan for saving the North American Free Trade Agreement.

EU agrees to negotiate U.K. trade deal

posted: 12/16/2017 2 a.m. Discuss

British Prime Minister Theresa May on Friday secured an agreement from the European Union to move on from discussing the divorce terms to mapping out a plan for a future trade relationship.

China’s stack of Treasuries grows

posted: 12/16/2017 1:57 a.m. Discuss

China's holdings of U.S. Treasuries rose in October as the world's second-largest economy rebuilds its currency reserves.

Business news in brief

posted: 12/16/2017 1:55 a.m. Discuss

BP bets $200 million on solar power

May says UK, EU to start new talks right away

posted: 12/15/2017 11:53 a.m. Discuss

Prime Minister Theresa May says Britain and the European Union will start talking about their future relationship "straight away," even though the EU has stressed no trade deal can be finalized until after the divorce agreement is settled and Britain has left the bloc.

1-day strike slows Greece to crawl

posted: 12/15/2017 2 a.m. Discuss

ATHENS, Greece -- Greece's workers walked off the job for a 24-hour general strike Thursday, as the country prepares to stop relying on European rescue loans but continues to pile more austerity measures on hard-hit taxpayers.

Arctic liquefied natural gas project survives U.S. sanctions against Russia

posted: 12/15/2017 1:59 a.m. Discuss

Building the $27 billion Yamal liquefied natural gas project meant shipping more than 5 million tons of materials to construct a forest of concrete and steel about 370 miles north of the Arctic circle, where temperatures can drop to almost minus 60 degrees and the sun disappears for two months straight.

China's cleaner air has price tag

posted: 12/14/2017 2:14 a.m. Discuss

China's war against smog is lifting prices for energy all over the world, according to analysts at Goldman Sachs Group Inc. and the International Energy Agency.

U.K. maker of parts buys Micro Plastics operation in Flippin

posted: 12/14/2017 2:12 a.m. Discuss

Arkansas plastic-maker Micro Plastics Inc. has been acquired by a component-maker based in the United Kingdom.

S. Africa scandal snares big firms

posted: 12/14/2017 2:07 a.m. Discuss

South Africa's biggest corruption case since the end of apartheid has entangled not only the president and ruling party but also some major international companies, including two U.S. companies, McKinsey and KPMG.

Business news in brief

posted: 12/14/2017 2:04 a.m. Discuss

Court favors extraditing Russian to U.S.

Debt-beset Sri Lanka lets China have port

posted: 12/13/2017 2:02 a.m. Discuss

Struggling to pay its debt to Chinese firms, the nation of Sri Lanka formally handed over the strategic port of Hambantota to China on a 99-year lease last week in a deal that government critics have said threatens the country's sovereignty.

U.K. inflation rises to 3.1%, highest level since March '12

posted: 12/13/2017 2 a.m. Discuss

Bank of England Gov. Mark Carney will have to write a letter to Britain's treasury chief explaining why inflation in the country is running by more than a percentage point above target, after official figures showed it unexpectedly rising to 3.1 percent.

Business news in brief

posted: 12/13/2017 1:57 a.m. Discuss

Air travel more predictable in October

Traders see no end to dollar's pain

posted: 12/13/2017 1 a.m. Discuss

For the almighty dollar, 2017 has been nothing short of abysmal. Next year might be even worse.

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