Madrid / AFP This year was supposed to be a good one for Spanish builders but the lack of a government three months after an inconclusive general election has put the brakes on economic activity. “Everything that has to do with construction in this country is blocked,” said Carlos Luaces, director general of Spain’s association of sand and gravel producers, ...

Washington / AFP In lowering its likely path of future interest rate increases this week, the Federal Reserve pushed down the dollar, perhaps aiming to ease strains caused by clashing monetary policies. Economists and investors alike were surprised when the US central bank announced on Wednesday that it only sees two rate hikes in 2016, half the number it envisioned ...

Bloomberg Six weeks ago, TransCanada Corp.closed a deal to buy a power plant in Pennsylvania. On Friday, the company put it back up for sale. The 704-megawatt Ironwood natural gas-fired power complex that TransCanada bought for $657 million from Talen Energy Corp. is back on the block as the company looks for ways to finance another acquisition worth 15 times ...