TOKYO (AP) — Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week.
BERLIN (AP) — Germany will keep exporting electricity to neighboring France despite calling on people to help fend off winter shortages by saving energy at home, officials said Wednesday.
JOHANNESBURG (AP) — South African workers on Wednesday demonstrated against the country's rising cost of living including record-high fuel prices and increased costs for basic foods.
About 1,000 workers marched to the Union Buildings, the seat of government in the capital Pretoria, calling for President Cyril Ramaphosa's government to contain rising prices.
TOKYO (AP) — Asian shares were mixed Wednesday as a wait-and-see mood set in following another — though more modest — day of sell-offs on Wall Street.
Worries about inflation are weighing on investors' minds, including in Asia.
WASHINGTON (AP) — The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic.
HAVANA (AP) — Cubans lined up by the dozens at exchange houses on Tuesday for the chance to buy dollars and other hard currency from the government for the first time in two years.
The new policy announced Monday night comes almost three weeks after the communist government began buying hard currency from the public at 110.40 pesos per dollar — a rate similar to that of the black market and more than four times the rate used for official transactions.
The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S.
TOKYO (AP) — Asian shares were trading lower Tuesday, echoing a broad sell-off on Wall Street amid speculation about another interest rate raise from the U.S. Federal Reserve.
Benchmarks in Asia slid across the region in morning trading, including Japan, China, South Korea and Australia.
BEIJING (AP) — Brush fires have forced the evacuation of more than 1,500 people in southwest China and power rationing for factories has reportedly been extended as weeks of record heat and drought batter the region.
MECKENHEIM, Germany (AP) — Martin Kopf needs natural gas to run his family's company, Zinkpower GmbH, which rustproofs steel components in western Germany.
Zinkpower's facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) in a molten state every day.
LONDON (AP) — Almost 2,000 workers at the U.K.'s biggest container port will launch an eight-day strike Sunday over a pay dispute, the latest industrial action to hit the U.K. economy.
Workers including crane drivers and machine operators will walk off their jobs at Felixstowe port on England's east coast, which handles around 4 million containers a year from 2,000 ships.
WASHINGTON (AP) — Gov. Greg Abbott, R-Texas, often knocks President Joe Biden for high inflation and a looming recession — a standard GOP argument going into the November elections.
Wall Street capped a choppy week of trading Friday with a broad slide for stocks that left the major indexes in the red for the week.
The S&P 500 closed 1.3% lower, breaking a four-week winning streak.
RICHMOND, Va. (AP) — Virginia ended the 2022 fiscal year with a $3.2 billion cash surplus, a sign of both a healthy economy and some overtaxation, GOP Gov. Glenn Youngkin said Friday as he presented lawmakers with a review of the state's finances.
BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street rose as investors analyzed conflicting economic signals ahead of a Federal Reserve conference next week.
Shanghai and Seoul declined while Tokyo and Hong Kong advanced.
Kohl’s on Thursday slashed its sales and profit expectations for the year, a result of its stepped up price cutting to shed unwanted merchandise.
The department store chain also cut back on orders ahead of the critical holiday period, spooking investors and sending shares down almost 8%.
WASHINGTON (AP) — Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy.
Applications for jobless aid for the week ending August 13 fell by 2,000 to 250,000, the Labor Department reported Thursday.
NEW YORK (AP) — The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.
WASHINGTON (AP) — Federal Reserve officials saw signs that the U.S. economy was weakening at their last meeting but still called inflation “unacceptably high’’ before raising their benchmark interest rate by a sizable three-quarters of a point in their drive to slow spiking prices.
TOKYO (AP) — Asian shares were mostly higher Wednesday as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth.
Benchmarks rose in morning trading in Japan, China and Australia, although shares dipped slightly in South Korea.
With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country's Black Sea ports for nearly six months.
ATLANTA (AP) — Gov. Brian Kemp said Monday he will spend up to $1.2 billion in federal COVID-19 aid on payments of $350 apiece to more than 3 million Georgians who benefit from Medicaid, subsidized child health insurance, food stamps or cash welfare assistance.
WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S.
BEIJING (AP) — China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is trying to extend his hold on power.
TOKYO (AP) — Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions.
LONDON (AP) — It's not just the economy. While inflation and recession fears weigh heavily on the minds of voters, another issue is popping up in political campaigns from the U.K.
BERLIN (AP) — German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country's consumption of natural gas, Germany’s economy minister said Saturday.
WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats' flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in November's elections.
NEW YORK (AP) — Gas prices have fallen from the record highs they reached earlier this summer, but they're still much higher than a year ago.
BEIRUT (AP) — A judge ordered a gunman who took up to 10 hostages at a Beirut bank to force the release of his trapped savings to stay behind bars Friday, apparently a bid to prevent copycats as desperation deepens over Lebanon's economic meltdown.
LONDON (AP) — The United Kingdom's economy shrank in the three months to June, figures released Friday showed — a smaller-than-expected contraction that nevertheless added to jitters about the rocky months ahead.
Congress is expected on Friday to pass a major bill that includes close to $375 billion in spending related to fighting climate change. The bill, called the Inflation Reduction Act, will infuse cash, subsidies and tax breaks into various sectors of the economy, all aimed at making green energy much cheaper.
ATLANTA (AP) — Georgia GOP Gov. Brian Kemp unfurled the first major policy proposals of his reelection bid Thursday, pledging to spend $2 billion on another state income tax rebate and revival of a long-dormant state property tax break while contending with Democratic challenger Stacey Abrams over who's best for the state's economy.
WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
NEW YORK (AP) — Gas prices are falling but still higher than they were a year ago. And inflation has made most everything else more expensive. If you're looking to save money on your commute, here are some tips:
WELLINGTON, New Zealand (AP) — New Zealand house prices fell year-on-year for the first time in more than a decade, a report showed Thursday, as rising interest rates finally halted a dizzying boom that had only gained momentum after the coronavirus pandemic first hit.
NEW DELHI (AP) — As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and tablets.
WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades.
BEIJING (AP) — Liu Qian, job-hunting with a new master's degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay.
She is one of 11 million new graduates desperate for work in a bleak job market as anti-virus controls force factories, restaurants and other employers to close.