Business

In this Sept. 8, 2017, photo, Malaysia former Prime Minster Najib Razak, third from left, looks at modals of ECRL (East Coast Rail Link) during the project launching in Kuantan, east cost of peninsula Malaysia. Malaysia's government said Tuesday, July 3, 2018, a major China-backed rail link project can only be viable with a "drastic" price reduction by the Chinese contractor as the actual cost of the venture is 81 billion ringgit ($20 billion). (AP Photo)
July 02, 2018 - 11:53 pm
KUALA LUMPUR, Malaysia (AP) — Malaysia's government said Tuesday a major China-backed rail link project can only be viable with a "drastic" price reduction by the Chinese contractor as the actual cost of the venture is 81 billion ringgit ($20 billion). The 688 kilometer (430 miles) East Coast Rail...
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FILE - In this Feb. 8, 2018, file photo, Amazon Prime Now bags full of groceries are loaded for delivery by a part-time worker outside a Whole Foods store in Cincinnati. Amazon’s Prime Day deals are coming to the aisles of Whole Foods, as the online retailer seeks to lure more people to its Prime membership after recently hiking up the price. (AP Photo/John Minchillo, File)
July 02, 2018 - 11:16 pm
NEW YORK (AP) — Amazon's Prime Day deals are coming to the aisles of Whole Foods as the online retailer seeks to lure more people to its Prime membership after a recent price hike. This year's sales event, which starts July 16, will be six hours longer than last year's and will launch new products...
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July 02, 2018 - 10:25 pm
TOKYO (AP) — Japanese media startup Uzabase is acquiring Quartz, a New York-based online business news platform, from Atlantic Media. Uzabase's deal with the U.S. media company is valued at between $75 million and $110 million, depending on Quartz's financial performance, and expected to close...
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Investors walk in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, July 3, 2018. Asian markets tumbled on Tuesday as back-and-forth exchanges over possible higher U.S. tariffs for the auto sector deepened concerns that a trade war is brewing. (AP Photo/Vincent Thian)
July 02, 2018 - 9:41 pm
SINGAPORE (AP) — Asian markets tumbled on Tuesday as back-and-forth exchanges over possible higher U.S. tariffs for the auto sector deepened concerns that a trade war is brewing. The U.S. and China, the world's two largest economies, are set to impose tariffs on billions of dollars of each other's...
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July 02, 2018 - 6:49 pm
CHARLOTTE AMALIE, US Virgin Islands (AP) — The U.S. Virgin Islands announced Monday that it reached a $1.4 billion deal to reopen one of the world's largest oil refineries in a move expected to boost the U.S. territory's economy. Gov. Kenneth Mapp said private equity firm ArcLight Capital Partners...
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FILE- In this May 27, 2018, file photo, a 2018 Model 3 sedan sits at a Tesla dealership in Littleton, Colo. Tesla Inc. made 5,031 lower-priced Model 3 electric cars during the last week of June, surpassing its often-missed goal of 5,000 per week. Tesla reported making 28,578 Model 3s from April through June, according to its quarterly production release on Monday, July 2. (AP Photo/David Zalubowski, File)
July 02, 2018 - 1:15 pm
DETROIT (AP) — Tesla Inc. made 5,031 lower-priced Model 3 electric cars during the last week of June, surpassing its often-missed goal of 5,000 per week. But the company still only managed to crank out an average of 2,198 per week for the quarter. Tesla reported making 28,578 Model 3s from April...
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In this January 2017 photo, cars are parked waiting to be exported at Yokohama port near Tokyo. Japan’s government has warned in a report that a higher U.S. tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for U.S. consumers and devastating the U.S. and global economy. (Kyodo News via AP)
July 02, 2018 - 8:13 am
BRUSSELS (AP) — The European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in U.S. goods amid signs of a brewing trade war. European Commission spokesman Margaritis Schinas said the U...
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In this Wednesday, June 27, 2018, photo, construction continues on a home behind a for sale sign in Waukee, Iowa. On Monday, July 2, the Commerce Department reports on U.S. construction spending in May. (AP Photo/Charlie Neibergall)
July 02, 2018 - 7:22 am
WASHINGTON (AP) — Spending on U.S. construction projects edged up 0.4 percent in May, while April's figure was revised down significantly — signs that new building is still uneven despite a growing economy. The Commerce Departments says the uptick in May brought total construction spending to a...
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FILE - In this Aug. 21, 2012, file photo, the sun is reflected in the exterior of Dell Inc.'s offices in Santa Clara, Calif. Dell is going public again, as the company offers to exchange tracking stock for a new class of common shares in a $21.7B deal. The transaction is expected to close in the 4th quarter. (AP Photo/Paul Sakuma, File)
July 02, 2018 - 5:28 am
NEW YORK (AP) — Dell is going public again after a five-year sojourn as a privately held company. In the $21.7 billion agreement announced Monday, the PC and data storage company is offering to exchange tracking stock for a new class of common shares, simplifying the complex ownership structure...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Monday, July 2, 2018. A central bank survey released Monday showed Japan's corporate outlook has worsened from three months ago, underlining fears in this export-reliant economy about trade tensions. (AP Photo/Koji Sasahara)
July 02, 2018 - 2:48 am
SINGAPORE (AP) — Global markets fell Monday as weaker-than-expected Asian economic surveys ratcheted up worries over the potential impact of higher tariffs due to be imposed by China and the U.S. in a festering trade dispute. Over in Europe, a prolonged German government crisis weighed on sentiment...
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