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Moody's downgrades China, warns of fading financial strength as debt mounts

SHANGHAI/BEIJING Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. | Video

Recent Business News

German prosecutor says is in touch with U.S. authorities on Daimler

FRANKFURT German prosecutors, who searched Daimler's offices this week as part of an investigation into diesel pollution, are talking to U.S. authorities, the Stuttgart public prosecutor's office said on Wednesday.

8:14am EDT

Tiffany's sales miss estimates; shares slump

Tiffany & Co reported lower-than-expected quarterly sales and a surprise drop in comparable sales due to lower spending by tourists and domestic customers in the Americas, its largest market.

7:24am EDT

Judge gives RBS week to end investor suit or face trial

LONDON A British judge has given Royal Bank of Scotland a week to avoid a trial by reaching a deal with investors who allege the bank misled them over its 2008 fundraising.

7:13am EDT

'Food revolution': megabrands turn to small start-ups for big ideas

LONDON Food and drink megabrands are seeing their sales chewed away by smaller, nimbler, cooler rivals. They can't beat them - so now they're joining them.

6:37am EDT

Trump tax reforms could push Israeli tech companies to the U.S.

JERUSALEM U.S. President Donald Trump's plans for sharp cuts to corporate taxes will lead Israeli technology companies, a lynchpin of Israel's economy, to consider shifting their domicile to the United States, industry and accountancy executives say.

6:23am EDT

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