Business News

AP News - 6 mins ago

AHMEDABAD, India (AP) — Chinese President Xi Jinping landed in the Indian prime minister's home state of Gujarat on Wednesday for a three-day visit expected to focus on India's need to improve worn out infrastructure and reduce its trade deficit.

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AP News - 13 mins ago

TOKYO (AP) — Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.Citing intense competition, especially fr ...more

AP News - 1 hour ago

BRUSSELS (AP) — The inflation rate in August for the 18 countries using the euro has been revised up slightly.The European Union's statistics office, Eurostat, said Wednesday the eurozone's annual inflation rate was 0.4 percent, up from its init ...more

AP News - 1 hour ago

FRANKFURT (AP) — A Chinese shoe manufacturer says two of its top executives have vanished, along with most of the company's cash.Germany-listed Ultrasonic AG said in a statement Tuesday it has been unable to reach its chief executive, Qingyong W ...more

AP News - 2 hours ago

SRINAGAR, India (AP) — Doctors in the flood-ravaged Himalayan region of Kashmir said Wednesday that they were seeing outbreaks of gastroenteritis among people crowded into shelters after their homes were inundated two weeks ago.Patients were als ...more

AP News - 2 hours ago

LONDON (AP) — Bank of England policymakers remain divided on whether to raise interest rates, voting 7-2 at their last meeting in favor of keeping the main rate at a record low 0.5 percent.Minutes from the Sept. 3-4 meeting show Wednesday that p ...more

AP News - 2 hours ago

KUALA LUMPUR, Malaysia (AP) — World stock markets were mostly higher Wednesday, buoyed by hopes that the Federal Reserve will not speed up plans to raise interest rates and reports that China is providing extra liquidity to major state banks.KEE ...more

AP News - 3 hours ago

HONG KONG (AP) — A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau.Stephen Hung's $20 million purch ...more

AP News - 3 hours ago

MADRID (AP) — Spanish fashion retailer Inditex, which owns Zara stores, says net profit fell by 2.4 percent in the first half of 2014 despite robust sales, mainly due to the impact of a strong euro.The company said Wednesday that profit for Febr ...more

AP News - 3 hours ago

WASHINGTON (AP) — A new study shows a large majority of African-American and Hispanic news consumers don't fully trust the media to portray their communities accurately, a statistic that could be troubling for the news industry as the minority populati ...more