- Asian stocks fall after Fed suggests Sept rate hike possible
BEIJING (AP) — Asian stocks fell Monday after a U.S. Federal Reserve official suggested a September interest rate hike still was possible and Japanese factory activity weakened.
- Doubts about China's economic leadership sap confidence
WASHINGTON (AP) — The fear that gripped financial markets this month is a stark one: That China's economy might be slipping into a decline that could persist for years.
- 3 reasons markets lost faith in China's economy, at a glance
For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors have begun to lose faith in Beijing's economic management.
- Italy's Eni finds 'supergiant' natural gas field off Egypt
ROME (AP) — The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea.
- Tribunal seals end of failed Volkswagen-Suzuki partnership
BERLIN (AP) — Volkswagen AG and Suzuki Motor Corp. say an arbitration tribunal has formally put an end to a failed alliance between the two companies to develop green cars, and Suzuki will buy back the 19.9 percent stake that Volkswagen held.
- New boss of Frisch's Big Boy restaurants plans expansion
CINCINNATI (AP) — The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers.
- Nestle: Forced labor has no place in our food supply chain
GENEVA (AP) — Nestle says "forced labor has no place in our supply chain" following a U.S. class action lawsuit that alleges the Swiss food company knowingly supported a system of slave labor and human trafficking to make its Fancy Feast cat food.
- 'Compton' tops box office for 3rd week; 'War Room' surprises
NEW YORK (AP) — The Christian drama "War Room" made a surprise bid for the box-office lead, Zac Efron's music drama "We Are Your Friends" fell completely flat and the N.W.A biopic "Straight Outta Compton" keeps chugging along.
- Fed Vice Chair Fischer keeps open possibility of Sept. hike
WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade.
- UK prosecutors mull charges for News Corp. over hacking
LONDON (AP) — British prosecutors say they are considering corporate charges against Rupert Murdoch's News Corp. over phone hacking at the now-defunct News of the World tabloid.
AP Top Business News