Steel Rules for Cars Stall Progress on USMCA Agreement
The rules governing the use of steel and aluminum in cars have emerged as the latest obstacle to completing a revised NAFTA deal between the U.S., Mexico and Canada in time for congressional approval by year’s end.
December 6, 2019Larry Kudlow Hatches New Plan to Boost Biofuel Mandates
White House economic adviser Larry Kudlow is developing a new plan to bolster biofuel-blending requirements after ethanol allies in politically important farm states complained the current proposal doesn’t do enough to compensate for waivers exempting some small refineries from the mandates.
December 4, 2019Carmakers Shed 80,000 Jobs as Electric Shift Upends Industry
It’s turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology.
December 4, 2019Billionaires Investing in China’s Electric Cars Face Shakeout
Some of China’s wealthiest tycoons steered billions of dollars into electric car companies to fuel the country’s dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent industry.
December 3, 2019White House in Pre-Thanksgiving Push to Get USMCA to Finish Line
The White House is pushing to wrap final negotiations with Democrats on President Donald Trump’s top legislative priority, the U.S.-Mexico-Canada Agreement, by meeting with the Mexican deputy foreign minister Nov. 27.
November 27, 2019Mexico Unveils $44 Billion Infrastructure Plan to Boost GDP
Mexico President Andres Manuel Lopez Obrador announced an infrastructure plan worth 859 billion pesos ($44 billion) that includes highways, railways, ports and airports as well as investments in telecommunications, with most of the capital coming from the private sector.
November 26, 2019Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30
The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.
November 13, 2019Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away
Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away.
November 6, 2019Tesla Hopes to Get China Carmaking License by Year-End
Tesla Inc. has completed its new factory near Shanghai and is working with local authorities to obtain a manufacturing license, which it hopes to receive by the end of the year, Chairman Robyn Denholm said.
November 5, 2019China Wants US to Drop Tariffs on $360 Billion of Imports for Trade Deal
China is seeking the rollback of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.
November 5, 2019