Latest Economic stimulus News

Egypt to hike electricity prices in July

May. 21, 2019 8:03 AM EDT

CAIRO (AP) — Egypt says it will raise electricity prices for households and businesses by an average of 15 percent, the latest in a series of austerity measures aimed at boosting the economy. Electricity Minister Mohammed Shaker said Tuesday that rates will be raised in July. He says the government aims to...

Australia government says it won't break tax cut pledge

May. 21, 2019 6:09 AM EDT

CANBERRA, Australia (AP) — Australia's newly reelected government said Tuesday that its promise to slash income taxes might be delivered late but would not be broken as it seeks to stimulate consumer spending, revive a flagging economy and repair relations with China, its most important trading partner....

China's economic activity weakens amid tariff war

May. 15, 2019 6:47 AM EDT

BEIJING (AP) — China's factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth. Wednesday's unexpectedly weak data prompted suggestions Beijing needs to boost stimulus spending and bank lending to...

Trump: Better Fed policies would give economy 'rocket' boost

Apr. 30, 2019 5:01 PM EDT

WASHINGTON (AP) — President Donald Trump said Tuesday the economy would "go up like a rocket" with better policies from the Federal Reserve while the close political ally he hopes to put on its board faced more questions about his candidacy from female GOP senators based on his past writing about women. In...

World shares mostly dip on earnings, ahead of US growth data

Apr. 26, 2019 7:17 AM EDT

BANGKOK (AP) — Global stock markets mostly edged lower on Friday amid weak corporate news and ahead of the release of U.S. economic growth data later in the day. After losses in much of Asia, Britain's FTSE 100 fell 0.2% to 7,420, though Germany's DAX eked out a 0.1% gain to 12,300. The CAC40 in Paris was...

Asian shares fall on China stimulus worries, weak earnings

Apr. 26, 2019 1:44 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and other industrial companies. Concern that China may temper its economic stimulus pulled the Shanghai benchmark down 0.8% to 3,099.36. Japan's...

US retail sales soared 1.6% in March

Apr. 18, 2019 9:56 AM EDT

WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017. The gains...

German government rejects talk of economic stimulus package

Apr. 15, 2019 7:01 AM EDT

BERLIN (AP) — The German government is dismissing talk of a stimulus package for Europe's biggest economy as growth slows amid international trade tensions and one-off factors at home. A prominent lawmaker in the governing coalition had raised the possibility of a stimulus program and the head of Germany's...

Europe hurt by US trade threats, central bank says

Apr. 10, 2019 10:51 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank warned that global friction over trade — such as U.S. threats to impose more tariffs — is holding back the economy as he underlined the bank's readiness to deploy more stimulus if needed. Mario Draghi said Wednesday that an...

4th ranked House leader seeks US Senate seat in New Mexico

Apr. 1, 2019 5:01 PM EDT

SANTA FE, N.M. (AP) — U.S. Rep. Ben Ray Luján — the No. 4 ranked Democrat in Congress — announced his campaign Monday for the state's open U.S. Senate seat in 2020. Democrats hope to keep their hold on the seat held by Sen. Tom Udall, who announced last week that he won't seek a third...