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  • BEIJING, Aug 31- China's slowing economy has taken its toll on the first-half earnings of major construction machinery makers Zoomlion Heavy Industry Science and Technology Co Ltd and Sany Heavy Industry Co Ltd.. Even China's pledge to support the Silk Road infrastructure initiative with $40 billion worth of investments may not be enough to revive the heavy...

  • In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be. But for Agustin Carstens, the top central banker in Mexico, a rate...

  • Steelworkers plan to form a "practice picket line" on Tuesday at ArcelorMittal Minorca in Virginia, Minnesota. "People are a bit anxious now because it's coming down to the wire," said Harold Anderson, an ArcelorMittal electrician who has worked in the 310- employee Minorca taconite plant in Virginia for nearly eight years. Steel and ArcelorMittal— the world's...

  • PARIS— Some travelers trying to cross the English Channel are stranded because French workers are blockading the port of Calais. It's the latest disruption to cross-Channel traffic this summer, which has seen repeated problems with worker protests and tensions over migrants trying to sneak across to Britain. Calais Mayor Natacha Bouchart tweeted that the...

  • NEW DELHI, Aug 31- For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday- the country is expected to remain the fastest growing major economy for a second straight quarter. But doubts persist over India's new way of calculating GDP, introduced early this year, even...

  • GENEVA— Nestle says "forced labor has no place in our supply chain" following a U.S. class action lawsuit that alleges the Swiss food company knowingly supported a system of slave labor and human trafficking to make its Fancy Feast cat food. Nestle didn't deny the allegations in an email Sunday to The Associated Press but said its guidelines require suppliers to...

  • 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. The intervention undermined Beijing's pledge to give market...

  • The Dow Jones industrial average has lost nearly 1,000 points since China's surprise move to devalue its currency Aug. 11. For all its woes, China still outruns every other major economy. For 2015, while the nearly healthy U.S. economy will expand perhaps 2.5 percent, even most pessimistic analysts predict that China's will grow at least 5 percent.

  • NEW YORK— The Christian drama " War Room" made a surprise bid for the box-office lead, Zac Efron's music drama "We Are Your Friends" fell completely flat and the N.W.A biopic "Straight Outta Compton" keeps chugging along. The late August weekend held scant competition for "Straight Outta Compton," but " War Room" nearly matched it. "War Room" is about an African-American...

  • LOS ANGELES, Aug. 30- The box office underwent a religious conversion this weekend as Christian crowds flocked to " War Room," lifting the low-budget salute to prayer above the Zac Efron drama "We're You're Friends" and the Owen Wilson thriller "No Escape." Filmed for a mere $3 million and distributed by Sony's Affirm division, " War Room" more than tripled its production...

  • ATHENS, Aug 30- The leftist Syriza party of former Prime Minister Alexis Tsipras will challenge Greece's creditors on unresolved aspects of the nation's bailout but implement unpopular reforms it has already agreed, it said on Sunday. As opinion polls showed Syriza's lead eroding, its campaign programme reflected unease about the 86 billion euros rescue...

  • CINCINNATI— The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers. Atlanta- based NRD Capital has taken over after shareholder approval last week of its $175 million acquisition that ended family...

  • LA ROCHELLE, France, Aug 30- French Prime Minister Manuel Valls told ruling Socialist party members on Sunday he would stick to pro-business reforms, despite heckling and booing by activists showing the divisions over economic policy. A small group of young party members booed Valls at a dinner on Saturday and called for the resignation of Economy Minister...

  • GOLDEN VALLEY, Minn.— General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 percent by 2025— not just within its own operations but from farm to fork to landfill. CEO Ken Powell, in outlining the plan to The Associated Press ahead of the company's official announcement Monday, said General Mills is compelled to act because climate...

  • LONDON, Aug 30- Libya's National Oil Company and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients. The head of the Tripoli- based NOC, Mustafa Sanallah, said he and Tripoli- based Central Bank Chairman Saddek El-Kaber held meetings with 26 oil firms over the course of...

  • BEIJING, Aug 30- Major Chinese construction machinery maker Zoomlion Heavy Industry Science and Technology Co Ltd swung to a net loss in the first half amid a sustained downturn of the domestic market. In January-June, Zoomlion booked a 309.8 million yuan net loss, in line with its own forecast of 300- 380 million yuan, according to a stock exchange filing on Sunday.

  • BEIJING, Aug 30- Major Chinese construction machinery maker Sany Heavy Industry Co Ltd on Sunday reported a 75.6 percent fall in its first half earnings amid a sustained downturn of the domestic market. Encouraged to expand after Beijing fired up a $644 billion stimulus package in 2008, Chinese heavy equipment makers are stuck with a glut of unsold equipment,...

  • ROME/ MILAN, Aug 30- Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come. The find follows other significant gas discoveries in the Mediterranean in recent years, including by Egypt's neighbour Israel,...

  • ROME— The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea. Eni said the discovery— made in its Zohr prospect "in the deep waters of Egypt"— could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers.

  • ROME— Italian energy giant Eni says it's found the largest-ever gas field in Mediterranean off Egypt.