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Thursday, May 25, 2017, 11:02 p.m.

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Moody's cuts China's credit rating

posted: 05/25/2017 2:07 a.m. Discuss

The Moody's ratings agency on Wednesday cut China's credit rating, prompting protest from Chinese leadership and highlighting challenges faced by the Communist government as it attempts to overhaul a slowing economy.

OPEC looks to extend cuts into 2018

posted: 05/25/2017 2:05 a.m. Discuss

OPEC countries and other oil producers including Russia support a proposed extension of last year's production cut to shore up crude prices.

Business news in brief

posted: 05/25/2017 2:01 a.m. Discuss

Bank of Ozarks offers 6.6 million shares

Hong Kong jails 21 Uber drivers

posted: 05/24/2017 2:15 a.m. Discuss

Hong Kong police targeted the Uber ride-hailing service again on Tuesday, arresting 21 drivers.

Sony's leader pledges profitability

posted: 05/24/2017 2:12 a.m. Discuss

Sony's leader promised a comeback for the Japanese electronics and entertainment company, which is having its best profitability in two decades.

Fiat Chrysler sued over emissions cheat

posted: 05/24/2017 2:05 a.m. Discuss

The U.S. government sued Fiat Chrysler Automobiles NV on Tuesday, alleging that some of its diesel pickups and Jeep SUVs cheat on emissions tests.

Iraq backs extending oil-output cuts

posted: 05/23/2017 1:57 a.m. Discuss

Iraq on Monday backed a proposal from Saudi Arabia and Russia to extend output cuts for nine months, removing one of the last remaining obstacles to an agreement at the OPEC meeting in Vienna this week.

NAFTA's impact vast on border

posted: 05/23/2017 1:55 a.m. Discuss

REYNOSA, Mexico -- Waving arms and brandishing a long electric prod, the ranch hands and truck drivers herd about 400 leggy calves onto trucks on the outskirts of this border city. After spending their first eight months on the ranches of Gildardo Lopez Hinojosa, the calves are about to cross the border -- bound for Texas and U.S. feedlots beyond.

Daimler's battery plant answers Tesla's

posted: 05/23/2017 1:53 a.m. Discuss

Battery-making gigafactories are about to arrive in Europe, challenging the head start Tesla Inc. is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities.

Asian funerals go green, high-tech

posted: 05/22/2017 2:38 a.m. Discuss

HONG KONG -- Death is inevitable, but it doesn't have to be bad for the environment.

Amazon pushes for EU grocery market

posted: 05/22/2017 2:32 a.m. Discuss

LONDON -- Amazon.com Inc. is laying the groundwork to bring its checkout-free grocery store Amazon Go to Europe, as the U.S. giant steps up its efforts to crack the $800 billion global market.

Lugging icebergs dreamed in Dubai

posted: 05/21/2017 2:10 a.m. Discuss

DUBAI, United Arab Emirates -- Where many see the crumbling polar ice caps as a distressing sign of global warming, a Dubai company sees them as a source of profit, and a way to offset the effects of climate change in the increasingly sweltering Persian Gulf.

Private credit for Cuba on table

posted: 05/20/2017 2:06 a.m. Discuss

WASHINGTON -- U.S. Agriculture Secretary Sonny Perdue said he wants to remove barriers to trade with Cuba, telling a House committee this week: "If our folks grow it, I want to sell it."

Canadians drill new wells as prices of oil, gas stabilize

posted: 05/20/2017 2:02 a.m. Discuss

Drilling rigs and roughnecks are hot commodities once again across the Montney shale formation in northern British Columbia and Alberta, and companies like Grimes Well Servicing Ltd. are having a hard time keeping up with demand.

China, Japan mine seas' frozen gas

posted: 05/20/2017 2:02 a.m. Discuss

BEIJING -- Commercial development of the globe's reserves of a frozen fossil fuel known as "combustible ice" has moved closer to reality after Japan and China successfully extracted the material from the seafloor off their coastlines.

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