Latest Economy News

Asian shares gain on hopes for progress on China-US trade

Feb. 19, 2019 1:38 AM EST

BANGKOK (AP) — Share benchmarks were mostly higher in Asia on Tuesday as Chinese and U.S. negotiators geared up for trade talks in Washington this week. U.S. markets were closed Monday for President's Day. Shares in Shanghai and Hong Kong fell back after early gains after an industry association reported...

China's economy czar heading to Washington for trade talks

Feb. 19, 2019 12:38 AM EST

BEIJING (AP) — China's economy czar is heading to Washington for talks Thursday and Friday aimed at ending a fight over Beijing's technology ambitions ahead of a deadline for a massive U.S. tariff hike. The announcement Tuesday, carried by the official Xinhua News Agency, follows talks last week in Beijing...

Haitians seek water, food as businesses reopen after protest

Feb. 18, 2019 11:12 PM EST

PORT-AU-PRINCE, Haiti (AP) — Businesses and government offices slowly reopened across Haiti on Monday after more than a week of violent demonstrations by hundreds of thousands of protesters demanding the resignation of President Jovenel Moise over skyrocketing prices that have more than doubled for basic...

Venezuela's Maduro to throw concert rivaling Richard Branson

Feb. 18, 2019 11:05 PM EST

CARACAS, Venezuela (AP) — Refusing to back down amid a mounting battle over Venezuela's humanitarian crisis, the government of President Nicolas Maduro announced Monday that it will hold its own huge concert to rival one being organized by billionaire Richard Branson, a backer of opposition leader Juan...

Asian shares gain on hopes for progress on China-US trade

Feb. 18, 2019 11:04 PM EST

BANGKOK (AP) — Asian shares are mostly higher as Chinese and U.S. officials prepare for trade talks in Washington this week. U.S. markets were closed Monday for President's Day. Analysts said much is riding on the outcome of the trade talks after an inconclusive end to an earlier round in Beijing last...

China's leaders want more babies, but local officials resist

Feb. 18, 2019 8:02 PM EST

BEIJING (AP) — Facing a future demographic crisis and aging society, China's leaders are desperately seeking to persuade couples to have more children. But bureaucrats don't seem to have gotten the message, fining a couple in a recent widely publicized case for having a third child against the strict...

Hot market for businesses looks to cool, survey finds

Feb. 18, 2019 3:25 PM EST

NEW YORK (AP) — The years-long hot market for businesses may start to cool, perhaps as soon as this year. That's the finding of a survey of brokers and advisers who help owners and buyers complete sales of small and mid-size businesses. The survey conducted by researchers at Pepperdine University's...

EU warns of reduced imports if Trump puts tariffs on cars

Feb. 18, 2019 2:22 PM EST

BRUSSELS (AP) — The European Union warned U.S. President Donald Trump Monday that the bloc will step back from a commitment to buy more American soybeans and liquid gas if European cars are hit with punitive tariffs. The U.S. Commerce Department is expected issue its guidance on whether auto imports...

Dutch company fined for exporting turbine parts to Iran

Feb. 18, 2019 11:48 AM EST

THE HAGUE, Netherlands (AP) — A Dutch company has been convicted of illegally exporting to Iran gas turbine parts that could be used in the manufacture of weapons. A court in the southern province of Limburg convicted Euroturbine BV on Monday of setting up shell construction companies aimed at avoiding...

Report: Honda to shut UK plant, imperiling 3,500 jobs

Feb. 18, 2019 11:08 AM EST

LONDON (AP) — Honda will close a car factory in western England with the potential loss of 3,500 jobs, British media and a local lawmaker said Monday, in another blow to a British economy made jittery by Brexit. Sky News said the Japanese carmaker is to announce Tuesday that the Swindon plant will close in...