Latest Business News

China, Iran meet amid efforts to preserve nuclear deal

Feb. 19, 2019 2:17 AM EST

BEIJING (AP) — The Iranian foreign minister's passionate defense of Iran's interests at the Munich Security Conference has made him "a famous person" in China, his Chinese counterpart told him Tuesday, as the sides met amid efforts to preserve the 2015 nuclear deal with Tehran. Foreign Minister Mohammad...

Exposed Chinese database shows depth of surveillance state

Feb. 19, 2019 2:17 AM EST

BEIJING (AP) — The Chinese database Victor Gevers found online was not just a collection of old personal details. It was a compilation of real-time data on more than 2.5 million people in western China, updated constantly with GPS coordinates of their precise whereabouts. Alongside their names, birthdates...

Asian shares gain on hopes for progress on China-US trade

Feb. 19, 2019 1:38 AM EST

BANGKOK (AP) — Share benchmarks were mostly higher in Asia on Tuesday as Chinese and U.S. negotiators geared up for trade talks in Washington this week. U.S. markets were closed Monday for President's Day. Shares in Shanghai and Hong Kong fell back after early gains after an industry association reported...

HSBC reports net profit at $12.6B in 2018

Feb. 19, 2019 1:17 AM EST

LONDON (AP) — Europe's biggest bank has reported its net profit jumped 30 percent in 2018 from the previous year to $12.6 billion. London-based HSBC, whose profit is mainly from Asia, said its revenue rose 5 percent from a year earlier to $53.8 billion. Pre-tax profit rose 16 percent to $19.9 billion, but...

Jailed Citgo executives in limbo amid Venezuela turmoil

Feb. 19, 2019 1:16 AM EST

HOUSTON (AP) — A faint voice comes through the crackled phone line. On the other end, Tomeu Vadell, speaking from a military counterintelligence prison in Venezuela's capital, asks his daughters in Louisiana whether they've gone to church and says he plans to spend his Sunday doing pushups to keep his body...

China auto sales fall in January for eighth month

Feb. 19, 2019 1:07 AM EST

BEIJING (AP) — China's auto sales fell for an eighth month in January, extending a painful decline for the biggest global market as demand cooled amid a slowing economy and tariffs standoff with the U.S. Purchases of sedans, SUVs and minivans fell 15 percent from a year earlier to just over 2 million...

China's economy czar heading to Washington for trade talks

Feb. 19, 2019 12:38 AM EST

BEIJING (AP) — China's economy czar is heading to Washington for talks Thursday and Friday aimed at ending a fight over Beijing's technology ambitions ahead of a deadline for a massive U.S. tariff hike. The announcement Tuesday, carried by the official Xinhua News Agency, follows talks last week in Beijing...

Lord Mayor of London: Brexit a 'short-term' issue

Feb. 19, 2019 12:18 AM EST

HONG KONG (AP) — Brexit is a "short-term frustrating issue" that will be overcome in time, the Lord Mayor of London said Tuesday during a visit to Hong Kong to tout the British capital's attractiveness for business even with the looming threat of Britain leaving the European Union without a deal. Despite...

Liz Weston: Are you picking the wrong money goals?

Feb. 19, 2019 12:07 AM EST

Setting smart, achievable goals is important if you want to take charge of your financial life. But many of us are surprisingly bad at choosing the goals that actually matter most to us. Investment research firm Morningstar had 318 people write down their top three financial priorities, then showed them a master...

New Zealand leader says no final decision on using Huawei

Feb. 18, 2019 11:41 PM EST

WELLINGTON, New Zealand (AP) — New Zealand Prime Minister Jacinda Ardern said Tuesday that no final decision has been made on whether Huawei equipment can be used in a planned network upgrade. New Zealand's international spy agency in November stopped mobile company Spark from using the equipment in its...