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Business News
Maersk to develop large North Sea gas find off Britain
HELSINKI (AP) -- Maersk Oil says it has permission from British authorities to develop a gas field off the British coast in the largest find in the North Sea in a decade....
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3 reasons markets lost faith in China's economy, at a glance
For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors have begun to lose faith in Beijing's economic management....
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Doubts about China's economic leadership sap confidence
WASHINGTON (AP) -- The fear that gripped financial markets this month is a stark one: That China's economy might be slipping into a decline that could persist for years....
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Fed Vice Chair Fischer keeps open possibility of Sept. hike
WASHINGTON (AP) -- Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade....
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Berkshire Hathaway builds stake in refiner Phillips 66
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment....
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