America

Another U.S. economic hub to be hit as Hurricane Irma churns toward Florida

Businesses are bracing for the worst as Hurricane Irma barrels toward South Florida, packing potentially catastrophic winds. According to Bloomberg's…

US largest oil refinery, Motiva, shuts down as Harvey floods Port Arthur

Motiva, the largest oil refinery in the United States is shutting down as Hurricane Harvey causes more catastrophic flooding, which…

Mexico approves new stock exchange, to open early next year

Mexico’s government Tuesday approved a new, second bourse, the Institutional Stock Exchange, which hopes to capture part of the equities…

Economic toll from Harvey is seen to exceed Katrina, says Ex-FEMA chief ‘Brownie’

Michael Brown, the former head of U.S's Federal Emergency Management Agency (FEMA) who was in charge when Hurricane Katrina struck…

Financial rules have made economy stronger, changes should be ‘modest’, says Fed Chair

Reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic growth, and…

U.S. jobless claims rise slightly as labour market tightens

The number of Americans filing for unemployment benefits rose less than expected last week, suggesting a further tightening in labour…