Bloomberg TransCanada Corp. is seeking to recoup $15 billion for the Obama administration’s rejection of the Keystone XL oil pipeline, in a legal claim that highlights how foreign companies can use trade deals to challenge U.S. policy. The Calgary-based pipeline operator filed papers late Friday seeking arbitration under the North American Free Trade Agreement, arguing that TransCanada had every …

  Washington / AFP Rattled by the Brexit shock, major US companies are seeking more clarity about the future of the British market, their preferred entry port to Europe. From clothing chain stores to automakers, the big names of “Corporate USA” have long flocked to Britain, attracted by its tax advantages and a common language, and by the prospect of accessing …

  Bloomberg Univision has sold $135 million in advertising for the Copa America Centenario, almost double the $70 million it paid to broadcast the international tournament. The Spanish-language channel has recorded 20 percent more ad revenue than anticipated, according to Juan Carlos Rodriguez, president of Univision Deportes. While Chile meets Argentina in Sunday’s final at Met Life Stadium in New …

  AFP Panama is preparing to officially open its canal shortly to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade. A VIP ceremony will be held on the banks of the canal to inaugurate the completion of the works. President Juan Carlos Varela will unveil the new locks and …

  Bloomberg Canadian Natural Resources Ltd., the nation’s largest heavy-oil producer, was fined C$500,000 ($384,500) for breaching environmental laws in 2010 and 2012. The company was penalized C$350,000 for an incident on May 28, 2010, at its Horizon facility when the plant’s sulfur-recovery unit failed and hydrogen sulfide escaped, the Alberta government said in a statement Friday. It had reported …

  Bloomberg Monsanto Co. and Argentina announced an agreement for the collection of royalties for genetically modified soybeans, ending years of dispute between the world’s largest seed company and the third-largest grower of the crop. “The state will have full control of seed commercialization in order to ensure private companies like Monsanto will be able to collect royalties payments,” Agriculture …

  CLENDENIN / AP Offering his condolences, President Barack Obama approved federal aid for the West Virginia communities devastated by floods that have killed at least 24 people and rendered many more homeless. Obama’s signature on the federal disaster declaration lets residents in three counties get aid for temporary housing and home repairs, receive low-cost loans to cover uninsured property …

  Tokyo / AFP An American base employee on Japan’s Okinawa was arrested for suspected drink-driving on Sunday, a week after tens of thousands of angry residents rallied in protest at crimes linked to the heavy US military presence. US military personnel are still under curfew after a suspected rape and murder by another employee of a military base. The …

  Sydney / AFP One man was killed and several buildings torched in violence at a university in Papua New Guinea, its vice-chancellor said on Sunday, some two weeks after police opened fire on students in the capital. Students have been protesting against Prime Minister Peter O’Neill, who is being investigated for corruption. The undergraduate killed at the campus in …

  Beijing / AFP At least 30 people were killed when a large bus burst into flames after crashing into the side of a road in central China on Sunday, state media said. A total of 56 people were on board the bus which crashed in Hunan province, the official Xinhua news agency reported, suggesting casualties could rise. 21 injured …