Business News

SOCHI, Russia (AP) — The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the 2014 Winter Games: ...more

BANGKOK (AP) — The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.Benchmark crude for June delivery was down 25 ...more

BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday.A gauge of future economic activity issued Friday rose more than expected, a sign that the world's biggest economy is improving. Cons ...more

WELLINGTON, New Zealand (AP) — Hundreds of tons of frozen mutton, lamb and beef from New Zealand have been stranded on Chinese docks after China halted certain imports from the country due to a certification dispute.China is New Zealand's larges ...more

TIMIKA, Indonesia (AP) — Rescuers recovered five more bodies from a collapsed underground room at a giant U.S.-owned gold and copper mine in Indonesia, bringing the confirmed death toll to 14, police said Monday. Fourteen other workers were still missi ...more

SEOUL, South Korea (AP) — South Korea is analyzing whether projectiles North Korea fired into its eastern waters over the weekend are short-range missiles or a new type of artillery the country may be developing, officials said Monday.North Kore ...more

WASHINGTON (AP) — Former Navy Secretary Richard J. Danzig, who has served as a bio-warfare adviser to the president, the Pentagon, and the Department of Homeland Security, urged the government to stockpile an anti-anthrax drug while serving as a direct ...more

NEW YORK (AP) — It's the narcissist rally.Sure, there are plenty of forces pushing stocks higher — record corporate earnings, small investors finally buying again, signs the U.S. economy may be strengthening, central banks flooding the financial ...more

NEW DELHI (AP) — Just weeks after a tense border standoff, China's new premier visited India on Sunday on his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and boost economic ties. ...more

MEXICO CITY (AP) — Mexicans often feel that billionaire Carlos Slim owns everything in their country, from telephone and Internet companies to banks and chain stores, but his latest acquisitive foray is meeting resistance after touching a national pass ...more