Top News & Analysis North America

  • TYENDINAGA, Ontario, Feb 24- Police on Monday made 10 arrests and cleared a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for almost three weeks on one of the country's busiest lines. Tyendinaga Mohawk campaigners barricaded the line in solidarity with the Wet'suwet'en from British Columbia, who...

  • SEOUL, Feb 25- South Korea's LG Chem Ltd said on Tuesday it will exclusively supply electric vehicle batteries to U.S. electric carmaker Lucid Motors, which plans to start production of its Lucid Air sedan later this year. Lucid will start the production of its Lucid Air sedan in late 2020 in the U.S. state of Arizona, the automaker said in a statement.

  • Chicago- based United was the first U.S. airline to suspend 2020 guidance over the coronavirus outbreak, which caused a global stock market plunge on Monday as a surge of cases outside mainland China sparked fears of a global pandemic. Near-term demand to China has almost disappeared and demand to the rest of its trans-Pacific routes has dropped by 75%, United...

  • WASHINGTON, Feb 24- The National Transportation Safety Board will hold a public hearing on Tuesday to establish the probable cause of a fatal March 2018 Tesla Autopilot crash in California and will issue a series of safety recommendations, two people briefed on the matter said on Monday. The safety board is expected to issue recommendations to the National...

  • BEIJING/ SEOUL, Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities. While health experts have expected limited outbreaks...

  • U.S. interest rate futures surged to their highest levels since last fall as evidence the virus was spreading further outside its original epicenter of China spurred a global sell-off in stocks and panicked buying of government bonds. Wall Street recorded its biggest sell-off in two years. In remarks to the National Association for Business Economics...

  • *Wall Street's fear gauge surges to over 1- yr high. New York, Feb 24- Wall Street's three major averages plunged on Monday as investors ran for safety after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. Treasuries after countries including Iran, Italy and South Korea reported a rise in virus...

  • Feb 24- State-run PDVSA has shifted several oil cargoes from Rosneft Trading SA, which was hit by U.S. sanctions last week, to another affiliate of the Russian oil giant, internal documents from the Venezuelan company showed, prompting the U.S. special envoy to warn that more firms could be penalized if they "play games." Rosneft absorbed TNK Trading International...

  • WASHINGTON, Feb 24- U.S. passenger railroad Amtrak, following the practice of U.S. airlines, said on Monday it would limit refunds and passengers' ability to make changes to the lowest-price train tickets starting on Sunday. A search for a trip between Washington and New York for early April showed saver fares at $54 one-way, value $98 and flexible tickets $192.

  • NEW YORK, Feb 24- Activist investment firm Sachem Head Capital Management has built a new stake in Olin Corporation and plans to nominate four directors, including the fund's founder, at this year's annual meeting. The filing also said that it will try to seat four directors on the Clayton, Missouri- headquartered company's 12- director board.

  • Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities. *The virus has infected nearly 77,000 people and killed more than 2,500...

  • WASHINGTON, Feb 24- The U.S. economy should continue to perform well this year and monetary policy is currently well positioned despite the risk posed by the coronavirus outbreak, Cleveland Fed President Loretta Mester said on Monday, as Wall Street stocks tumbled on worries the spread of the virus to multiple countries outside China could pose an escalating...

  • The Los Gatos, California, company has guarded its viewership data for years and only recently started revealing information about how many people watch its shows. Director of Product Innovation Cameron Johnson wrote in a company blog post https://media.netflix.com/en/company-blog/see-whats-popular-on-netflix that Netflix will update the Top 10...

  • As of Monday, only five U.S. states- California, Illinois, Nebraska, Nevada and Tennessee- have the capability to test for the virus, according to the Association of Public Health Laboratories. The request follows continued delays in getting access to a test developed by the U.S. Centers for Disease Control and Prevention, which was granted an Emergency Use...

  • TYENDINAGA, Ontario, Feb 24- Police on Monday made 10 arrests and cleared a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for almost three weeks on one of the country's busiest lines. Tyendinaga Mohawk campaigners barricaded the line in solidarity with the Wet'suwet'en from British Columbia, who...

  • Feb 24- HP Inc said on Monday it would step up efforts to slash costs and buy back stock, as it seeks investor support to defend against a $35 billion takeover offer from U.S. printer maker Xerox Holdings Corp.. The announcement came after Xerox raised its cash-and-stock bid for HP earlier this month by $2 to $24 per share, ahead of a tender offer it plans to launch in...

  • Venezuela's socialist President Nicolas Maduro remains in power a year after Washington recognized opposition leader Juan Guaido as the legitimate president, and has worked to push Maduro out. Maduro has retained the support of Russia and China. Special Representative for Venezuela Elliott Abrams told Reuters in an interview that there will be more...

  • WINNIPEG, Manitoba/ OTTAWA, Feb 24- Teck Resources Ltd's surprise decision to cancel a planned C $20.6 billion oil sands mine in northern Alberta, citing uncertainty about Canada's climate policy, underscores a global struggle to balance energy growth with environmental concerns. Numerous pipeline and drilling projects in the United States and Canada, the...

  • *Italy infections jump to 220, 7 dead. BEIJING/ SEOUL, Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities.

  • TYENDINAGA, Ontario, Feb 24- Police on Monday made multiple arrests and cleared a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for 19 days on one of the country's busiest lines. Tyendinaga Mohawk campaigners barricaded the line in solidarity with the Wet'suwet'en from British Columbia, who are...