Latest Business News

Malaysian PM says China-financed projects canceled

Aug. 21, 2018 4:14 AM EDT

BEIJING (AP) — Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren't needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister Mahathir Mohammad told reporters on the final day of a visit to Beijing on Tuesday. Mahathir told...

'Crazy Rich Asians' hoopla elicits mixed feelings in Asia

Aug. 21, 2018 4:12 AM EDT

SINGAPORE (AP) — The craze for "Crazy Rich Asians" is hitting Asia, with a premiere in Singapore followed by openings in several neighboring countries later this week. Much of the movie was set in this wealthy city state. The red carpet premiere Tuesday night for the over-the-top romantic comedy was...

Malaysian state news agency cites Prime Minister Mahathir as saying multibillion-dollar China-financed projects canceled

Aug. 21, 2018 3:18 AM EDT
BEIJING (AP) — Malaysian state news agency cites Prime Minister Mahathir as saying multibillion-dollar China-financed projects canceled.

Asian shares mixed on doubt of resolving US-China trade spat

Aug. 21, 2018 2:35 AM EDT

TOKYO (AP) — Asian shares were mixed Tuesday amid doubts on the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped nearly 0.1 percent to finish at 22,219.73, while Australia's S&P/ASX 200 lost 0.9 percent to 6,286.50. But South...

Not the Satanic mills: small-scale clothes making catches on

Aug. 21, 2018 2:10 AM EDT

LONDON (AP) — Claudio Belotti knows he cut the denim that became the jeans Meghan Markle wore on one of her first outings as the fiancee of Britain's Prince Harry. That's because he cuts all of the fabric for Hiut Denim Co., a seven-year-old company that makes jeans in Cardigan, Wales. Belotti is a...

Report: Resort home sales in Hawaii increased last year

Aug. 21, 2018 1:20 AM EDT

HONOLULU (AP) — A Hawaii housing report shows that the number of resort homes sold last year increased, reaching the highest level of sales in a decade. The Honolulu Star-Advertiser reports more than 1,500 residential properties at resorts in Hawaii were purchased last year, rising by 16 percent from the...

Alaska seafood organization seeks comments on US tariffs

Aug. 21, 2018 1:14 AM EDT

KENAI, Alaska (AP) — An Alaska seafood organization is encouraging industry members to comment on the proposed U.S. tariffs on products imported from China that could negatively affect the state's seafood industry. The Peninsula Clarion reports the Alaska Seafood Marketing Institute is asking members to...

Anti-Trump images become big business for DC projectionist

Aug. 21, 2018 12:37 AM EDT

WASHINGTON (AP) — In a city with a long tradition of leftist street activism, Robin Bell has become something of a D.C. celebrity. Every few weeks, Bell puts messages of protest on the side of the Trump International Hotel. He's called President Donald Trump a pig and a racist, used smiling poop emojis,...

Asian shares gain despite doubts over US-China trade talks

Aug. 21, 2018 12:28 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday amid doubts about the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.3 percent in morning trading to 22,273.82 and South Korea's Kospi added 0.9 percent to 2,268.16. Hong Kong's...

Animal crackers break out of their cages

Aug. 21, 2018 12:20 AM EDT

After more than a century behind bars, the beasts on boxes of animal crackers are roaming free. Mondelez International, the parent company of Nabisco, has redesigned the packaging of its Barnum's Animals crackers after relenting to pressure from People for the Ethical Treatment of Animals. PETA, which has been...