US Durable Goods Orders up 1.7 Percent in August

Orders for long-lasting manufactured goods rose a modest 1.7 percent in August, reflecting a rebound in the volatile aircraft sector. A gauge of business investment was up for a second month, providing hope that a revival in manufacturing is gaining strength.   Last month’s advance in orders for durable goods …

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US Fed Chief Backs Gradual Rise in Rates

Despite concerns about low inflation in the United States, the head of the U.S. central bank says raising interest rates gradually would be the most appropriate policy stance for the Federal Reserve. “It would be imprudent to keep monetary policy on hold until inflation is back to two percent,” Fed Chair …

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Brazil to Reinstate Protection for Amazon Reserve

Brazil will reinstate a mining ban in a vast area of the Amazon rainforest, the government announced on Monday, in an about-face that is a victory for environmentalists who feared deforestation. The Mines and Energy Ministry said in a statement that President Michel Temer’s administration had decided to revoke an …

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Next Round of NAFTA Talks Take on Thornier Issues

The United States will present new proposals and begin to weigh into thornier issues of the North American Free Trade Agreement in the third round of negotiations starting in Ottawa Saturday, U.S. chief negotiator John Melle said Thursday. The stepped-up negotiations come with four more rounds of talks left after …

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Gasoline Lines Get Longer in Venezuela

Venezuelan drivers are facing growing queues to buy gasoline despite having the world’s largest oil reserves, adding to the OPEC country’s woes as its refineries sputter and its socialist economic system crumbles. The queues and shuttered service stations have been intermittent problems for much of this year, most notably outside …

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