Economy. Page 2

Asian shares mostly rise despite continuing virus fears

TOKYO (AP) — Asian shares mostly rose Wednesday, despite overnight losses on Wall Street and continuing fears about an o...
4:46 19 February 2022

China virus outbreak chilling recovery for Asian economies

BANGKOK — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recess...
11:46 18 February 2022

Shares take hit as virus outbreak slams profits, events

BANGKOK — Shares slipped in Europe and Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would ...
8:52 18 February 2022

Automakers in China gradually reopen after virus shutdown

BEIJING — Automakers are reopening factories in China that were idled by anti-virus controls as they try to reverse a sales slump in their biggest mar...
10:49 17 February 2022

Asian markets mixed: Japan skids; China helped by rate cut

BANGKOK — Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annu...
4:30 17 February 2022

Japanese economy sinks amid fears about virus impact

TOKYO — The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending.
2:47 17 February 2022

Hungary’s Orban warns about climate crisis, slow EU growth

BUDAPEST, Hungary — Hungary’s prime minister on Sunday declared the past decade as the most successful of Hungary’s past century, but also said the co...
20:39 16 February 2022

Cost of China’s anti-virus fight rises with workers idle

BEIJING — Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no in...
2:28 16 February 2022

Solid earnings send stock indexes higher on Wall Street

NEW YORK — Stocks are opening broadly higher on Wall Street, following gains overseas, as investors welcome more solid earnings reports from U.S. comp...
14:43 12 February 2022

Greek 10-year bond yield makes historic dip below 1%

Greece's 10-year government bond yield has fallen below 1% for the first time, bolstering the country's effort to ease strict budget conditions set by...
11:53 12 February 2022

Asian shares rise despite worries about virus outbreak

TOKYO — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments.
3:20 12 February 2022

Businesses struggle to fix supply chains disrupted by virus

WASHINGTON — Chinese authorities are struggling to strike a delicate balance between containing a viral outbreak and restarting the world’s second-big...
23:00 11 February 2022

European Central Bank chief urges governments to help growth

FRANKFURT, Germany — European Central Bank President Christine Lagarde is urging governments to get more involved in supporting the tepid eurozone eco...
15:12 11 February 2022

US counterintel strategy emphasizes protection of democracy

WASHINGTON — The U.S. government's top counterintelligence official said Monday that he was concerned Russia or other foreign adversaries could exploi...
3:39 11 February 2022

AP FACT CHECK: Trump hypes ‘comeback,’ impeachment acquittal

WASHINGTON — President Donald Trump says the world is witnessing a great American economic revival that he brought on by reversing course from the Oba...
5:26 10 February 2022

Puerto Rico’s economy in limbo as governor rejects debt deal

SAN JUAN, Puerto Rico — Puerto Rico's fragile economy is facing an uncertain future after the island's governor rejected a settlement announced late S...
5:05 10 February 2022

Trump budget to face skepticism, overwhelming politics

WASHINGTON — Confronted with the threat of trillion-dollar-plus deficits for as far as the eye can see, President Donald Trump is offering a $4.8 tril...
3:27 10 February 2022

Healthy US job market: How big a political edge for Trump?

WASHINGTON — U.S. hiring jumped last month, and many more people were encouraged to look for work, showing that the economy remains robust despite thr...
21:59 7 February 2022

January US jobs report may provide clarity amid disruptions

WASHINGTON — With China's viral outbreak disrupting trade and Boeing's troubles weighing on American factories, the January U.S. jobs report on Friday...
5:01 7 February 2022

Lagarde: Central banks have less room to combat a downturn

FRANKFURT, Germany — European Central Bank head Christine Lagarde has warned that the world's central banks have less room to stimulate the economy in...
13:02 6 February 2022

How’s the economy? Fed increasingly turns to private data

WASHINGTON — About a year ago, Federal Reserve officials were nervous. Markets were cratering. Fear about a trade war was rising. The officials needed...
17:29 5 February 2022

Australian bank official says virus is an economic unknown

CANBERRA, Australia — Australia's deadly wildfires will have no impact on the nation's economic growth this year but the impact of a new virus is stil...
6:33 5 February 2022

Democratic challengers weigh in on State of the Union speech

WASHINGTON — Reaction from Democratic challengers to President Donald Trump's State of the Union address:
5:00 5 February 2022

AP FACT CHECK: Trump’s exaggerated ‘great American comeback’

WASHINGTON — The "great American comeback” President Donald Trump claimed in his State of the Union speech drew on falsehoods about U.S. energy suprem...
4:54 5 February 2022

Trump’s economy: Solid and steady but vulnerable to threats

WASHINGTON — A portrait of a robust U.S. economy is sure to take center stage Tuesday night when President Donald Trump gives his third State of the U...
22:55 3 February 2022

UK and EU clash over trade with 11 months to make a deal

LONDON — Britain and the European Union set out clashing opening gambits Monday on striking a trade deal, making it clear that each side is willing to...
15:46 3 February 2022

The Latest: UAE suspends flights to China outside Beijing

BEIJING — The Latest on the outbreak of a new virus from China (all times local):
14:27 3 February 2022

Experts: Travel bans, business closures could hurt economy

MILWAUKEE — Travel restrictions and business closures aimed at stopping the spread of a new virus that has killed more than 300 people in China could ...
2:01 2 February 2022

Stocks sink on fears virus outbreak will dent global economy

Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth.
22:35 31 January 2022

US consumer spending slows to 0.3% gain in December

WASHINGTON — U.S. consumer spending slowed in December as Americans spent more on prescription drugs and health care services but those gains did not ...
13:43 31 January 2022