AP Business

Bolivia’s beleaguered president announces natural gas discovery, promising a boon for the country

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LA PAZ, Bolivia (AP) — Bolivia's embattled president on Monday announced the discovery of vast natural gas reserves, describing it as the biggest find...

Mexico’s costly Maya Train draws few passengers in its first six months of partial...

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MEXICO CITY (AP) — The pet rail project of President Andrés Manuel López Obrador could wind up costing as much as $30 billion, is...

UN body that regulates the deep sea tackles proposed mining code amid growing concerns

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SAN JUAN, Puerto Rico (AP) — Tense deliberations over how and if to allow deep sea mining unfolded Monday in Jamaica as at least...

Powell says Federal Reserve is more confident inflation is slowing to its target

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WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2%...

Macy’s ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing

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Macy's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing.In announcing the...

Goldman Sachs profits more than double in second quarter as dealmaking comes back on...

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NEW YORK (AP) — Goldman Sachs is posting a 150% jump in second quarter profits Monday, helped by a resurgence of dealmaking and underwriting...

Burberry appoints a new CEO as the fashion house warns it expects a first-half...

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LONDON (AP) — British luxury fashion house Burberry said Monday it has appointed Joshua Schulman, formerly head of Michael Kors and Coach, as its...

Second phase of NRA civil trial over nonprofit’s spending set to open in NYC

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NEW YORK (AP) — The second phase of the civil trial against the National Rifle Association and its top executives is set to begin...

Stock market today: Asian shares are mixed as China reports its economy grew 4.7%...

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Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter.Markets...

China’s economy slowed in the last quarter as weak consumer demand dragged on growth

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BANGKOK (AP) — China's economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of...