Latest Economic stimulus News

South Korean president in Russia to boost economic ties

Jun. 22, 2018 10:20 AM EDT

MOSCOW (AP) — South Korean President Moon Jae-in visited Moscow Friday on a trip intended to boost bilateral economic ties. Following Moon's talks with Russian President Vladimir Putin in the Kremlin, officials from the two countries signed agreements on cooperation in various economic projects, energy,...

Europe, Fed moves show global shift away from cheap money

Jun. 14, 2018 2:14 PM EDT

RIGA, Latvia (AP) — Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage wrought by the Great Recession and push stock markets to record highs. It's a sign of confidence in the economy, but with uncertain consequences for consumers...

The Latest: European Central Bank says euro 'irreversible'

Jun. 14, 2018 9:59 AM EDT

RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible. Mario...

Egypt defends austerity measures amid fears of unrest

Jun. 13, 2018 12:16 PM EDT

CAIRO (AP) — Egypt's President Abdel-Fattah el-Sissi on Tuesday defended austerity measures aimed at reviving the economy, amid fears of public anger that may have motivated the arrests of activists and bloggers in recent weeks. The government recently raised the price of electricity and tap water as part...

UK gov't backs expansion of London's Heathrow Airport

Jun. 5, 2018 11:01 AM EDT

LONDON (AP) — A third runway at Heathrow Airport was approved Tuesday by Prime Minister Theresa May's Cabinet, setting the stage for a parliamentary vote on the matter after years of debate over how to increase airport capacity around London. Transport Secretary Chris Grayling described the decision by a...

US consumer spending up 0.6 percent, best in 5 months

May. 31, 2018 1:35 PM EDT

WASHINGTON (AP) — Americans boosted their spending by 0.6 percent in April, the biggest increase in five months and a strong indication that the economy is reviving after a winter slowdown. The Commerce Department said Thursday that last month's increase in consumer spending was the largest increase since...

AP Explains: Congress moves to roll back Dodd-Frank law

May. 22, 2018 8:02 PM EDT

WASHINGTON (AP) — Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride. By the time the Great Recession...

European stocks take a breather after strong rally

May. 11, 2018 8:12 AM EDT

LONDON (AP) — European stock markets eased slightly Friday after a strong rally saw many indexes strike multi-week highs. Wall Street was poised for further solid gains at the open despite ongoing geopolitical unease related to President Donald Trump's decision to pull the United States out of the Iran...

Putin vows to boost Russian economy as he begins 4th term

May. 7, 2018 1:11 PM EDT

MOSCOW (AP) — Vladimir Putin on Monday launched his fourth term as president with an ambitious call to vault Russia into the top five global economies by developing its technological products and agricultural exports. Putin, who has sought to restore Russia's military and diplomatic prominence on the world...

European Central Bank still confident despite slower growth

Apr. 26, 2018 11:03 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank says recent signs of weakening economic growth are grounds for caution but not worrisome enough yet to consider changing the bank's stimulus and interest rate policy. Mario Draghi said Thursday that recent data points to "some moderation" in...