United States

Pipeline expected to remain closed after oil spill in Montana

A small but heavily subscribed pipeline that transports 42,000 barrels a day of crude oil from North Dakota's Bakken region is expected to remain closed on Tuesday after a weekend breach that spilled 1,200 barrels of crude into the Yellowstone River near Glendive, Montana.

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EU health chief says no clear majority yet for U.S. trade deal

No clear majority has so far emerged among EU states for a free-trade agreement between the European Union and the United States and both sides need to explain the benefits of such a deal, the EU's health chief said.

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China's Tencent apologizes for 'civil rights' blunder

Chinese internet heavyweight Tencent Holdings Ltd apologized on Monday for rewarding WeChat app users who sent a message with the English phrase "civil rights" with a screen full of fluttering U.S. flags.

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WTO rules against Argentina in import restrictions case

The World Trade Organization on Thursday rejected Argentina's bid to overturn a ruling in favor of the United States, the European Union and Japan against the South American country's licensing rules used to restrict imports.

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Uber ordered to shut down South Carolina operations for now

Ride-sharing company Uber has been ordered by South Carolina regulators to cease operations in the state while it remains in the process of seeking permission to legally do business there.

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Looking to the ECB to move the dial

After a head-spinning bout of volatility, next week will be dominated by one question: Will the European Central Bank take the ultimate policy leap or pull its punches?

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Spain's Abengoa raises $328 million from U.S. share sale

Spanish renewable energy firm Abengoa (ABG.MC) (ABGek.MC), which is selling assets to cut debt, said it had raised $328 million from selling shares in its U.S. unit after banks underwriting the offer bought more of the stock.

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Gasoline dampens U.S. inflation; mid-year rate hike in doubt

U.S. consumer prices recorded their biggest drop in six years in December and a gauge of underlying inflation was flat, which could make the Federal Reserve more cautious about raising interest rates.

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Unfazed by market swings, Fed sticks to mid-2015 hike scenario

Tumbling oil prices have strengthened rather than weakened the Federal Reserve's resolve to start raising interest rates around midyear even as volatile markets and a softening U.S. inflation outlook made investors push back the timing of the "liftoff."

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Cheaper oil tames U.S. producer inflation; jobless claims up

U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy.

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Chipotle's pork plight could hurt first-quarter results

Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare rules could bolster its reputation with diners but threatens sales and profits this quarter.

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GM sees improved profit in 2015 on China, U.S. growth

General Motors Co (GM.N) on Wednesday forecast its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States.

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Singapore's Ezra puts on hold U.S. IPO plan for subsea unit

Ezra Holdings Ltd (EZRA.SI), a Singapore-listed oilfield service company, said on Wednesday it has put on hold a plan to list its subsea services unit in the United States, prompted by unfavourable market conditions.

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Russia's financial crisis may bury Putin's Eurasian dream

Growing damage from Russia's financial crisis on neighboring former Soviet states could bury President Vladimir Putin's dream of creating an economic union to rival the United States and European Union.

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Roche seals licensing deal for antibiotic-boosting drug to battle superbugs

Roche has boosted its efforts to tackle antibiotic resistance, striking a deal worth up to $750 million with Japan's Meiji Seika Pharma and Canada's Fedora for a drug that can restore the power of antibiotics to combat infections.

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