Latest International trade News

Getting personal: US, Turkish leaders feud over arrest

Aug. 17, 2018 6:59 PM EDT

ANKARA, Turkey (AP) — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate...

Turkish lira resumes fall after Trump sanctions threat

Aug. 17, 2018 6:55 PM EDT

ISTANBUL (AP) — The Turkish currency fell again on Friday, breaking a three-day quiet spell in the country currency crisis, after the United States threatened to impose new sanctions on the NATO country. The lira dropped about 5 percent, to about 6.11 per dollar, after U.S. President Donald Trump posted a...

How major US stock indexes fared Friday

Aug. 17, 2018 4:46 PM EDT

U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks. The Wall Street Journal reported that the countries hope to resolve their dispute by November. On Friday: The S&P 500 index rose 9.44 points, or 0.3 percent, at 2,850.13. The Dow Jones...

Stocks jump as hopes rise for progress on China trade talks

Aug. 17, 2018 4:45 PM EDT

NEW YORK (AP) — Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. Industrial, health care and basic materials companies made some of...

Global markets lose steam in European trading

Aug. 17, 2018 8:09 AM EDT

TOKYO (AP) — World stock markets turned lower during European trading hours Friday as investors worried again about Turkey's financial trouble, after Asian stocks rose on news China is preparing to resume trade discussions with the U.S. KEEPING SCORE: Britain's FTSE 100 fell 0.3 percent to 7,537 and the...

World's biggest shipping company cautions on trade tensions

Aug. 17, 2018 4:52 AM EDT

COPENHAGEN, Denmark (AP) — Danish shipping group A.P. Moller-Maersk says it swung to a profit in the second quarter but cautioned about uncertainty related to global trade amid U.S. sanctions on major economies. Second-quarter revenue grew 24 percent to $9.5 billion, leading to a $26-million profit,...

Merkel, Putin share a headache: Donald Trump

Aug. 17, 2018 3:43 AM EDT

FRANKFURT, Germany (AP) — German Chancellor Angela Merkel and Russia's President Vladimir Putin will have plenty to talk about when they meet Saturday — thanks in no small part to U.S. President Donald Trump, whose sanctions and criticisms over trade, energy and NATO have created new worries for...

Asian shares gain on growing hopes for China trade talks

Aug. 17, 2018 12:25 AM EDT

TOKYO (AP) — Asian shares made moderate gains early Friday after U.S. stocks jumped on news China is preparing to resume trade discussions with the U.S., the first negotiations in more than a month. KEEPING SCORE: Japan's Nikkei 225 index added 0.4 percent to 22,275.67, while the Shanghai Composite index...

Turkish finance chief tries to reassure investors on crisis

Aug. 16, 2018 8:06 PM EDT

ANKARA, Turkey (AP) — Turkey's finance chief tried to reassure thousands of international investors on a conference call Thursday, in which he pledged to fix the economic troubles that have seen the country spiral into a currency crisis. The national currency recovered somewhat from record lows hit earlier...

The Latest: Trump tweets support for pastor jailed in Turkey

Aug. 16, 2018 7:57 PM EDT

ANKARA, Turkey (AP) — The latest on Turkey's currency crisis (all times local): 2:55 a.m. President Donald Trump is calling on jailed pastor Andrew Brunson to serve as a "great patriot hostage" while he's being held in Turkey. Tweeting on Thursday, Trump says: "Turkey has taken advantage of the United...