Category: Business & Finance

PG&E completes safety inspection of distribution infrastructure

FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (Reuters) – Electric utility PG&E Corp said on Wednesday it has completed visual inspections of about 99% of its distribution infrastructure to provide additional precautionary measures intended to reduce wildfire […]

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DoubleLine’s Gundlach: Fed doing ‘what the bond market says – with a lag’

FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – Jeffrey Gundlach, chief executive of Doubleline Capital, said on Wednesday that the Federal Reserve is doing “what the bond market says – with a lag.” “The bond market […]

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Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting

WASHINGTON/BEIJING (Reuters) – Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week’s meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take another shot at resolving their damaging trade dispute. FILE PHOTO: U.S. Trade […]

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U.S. trade representative says he can resolve Democrats’ concerns on North America pact quickly

WASHINGTON (Reuters) – The top U.S. trade negotiator said on Wednesday he is ready to work with lawmakers “sooner rather than later” to address concerns over a new North American pact, even as a leading Democrat outlined roadblocks to the deal’s approval. U.S. Trade Representative Robert Lighthizer testifies before a Senate Finance Committee hearing on […]

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Trans Mountain oil pipeline expansion may start in September

CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) – Construction on expanding the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project’s chief executive said on Wednesday. Steel pipe to be used in the oil pipeline construction of the Canadian government’s Trans Mountain Expansion Project lies at a stockpile site in […]

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Canada opens probe into 250,000 GM pickups, SUVs over brake performance

The General Motors assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos Osorio (Reuters) – Transport Canada, the auto safety regulator, has opened a probe into braking issues in nearly 250,000 General Motors full-size pickups and SUVs after U.S. officials launched a similar probe last year, the agency said on its website. The U.S. […]

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