Latest Economic policy News

Trump's sanctions won't bite a vulnerable Turkish economy

Oct. 15, 2019 2:31 PM EDT

FRANKFURT, Germany (AP) — The sanctions the U.S. announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse. President Donald Trump could take far tougher action that would deter foreign...

IMF downgrades outlook for world economy, citing trade wars

Oct. 15, 2019 11:49 AM EDT

WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF's latest World Economic Outlook released Tuesday foresees...

Trump threatens to 'destroy' Turkey's economy with sanctions

Oct. 15, 2019 9:10 AM EDT

WASHINGTON (AP) — Targeting Turkey's economy, President Donald Trump announced sanctions aimed at restraining the Turks' assault against Kurdish fighters and civilians in Syria — an assault Turkey began after Trump announced he was moving U.S. troops out of the way. Some of those U.S. troops leaving...

World shares mostly higher ahead of earnings reports

Oct. 15, 2019 7:17 AM EDT

BANGKOK (AP) — Stock markets mostly rose on Tuesday as investors gauged the outlook for the U.S.-China trade dispute and looked to earnings reports from large banks. Germany's DAX advanced 0.4% to 12,537 and the CAC 40 in Paris gained 0.6% to 5,674. London's FTSE 100 was down 0.4% at 7,185. In New York,...

China tempers hopes about US tariff truce

Oct. 15, 2019 6:23 AM EDT

BEIJING (AP) — A truce in a U.S.-Chinese tariff war and Beijing's promises to open more of its state-dominated economy are raising investor hopes. But Beijing is trying to temper expectations, while companies express frustration over the halting pace of market-opening. The China Daily, an English-language...

The Latest: US troops leaving Syria to stay in Middle East

Oct. 15, 2019 3:12 AM EDT

BEIRUT (AP) — The latest on Turkey's invasion of northern Syria (all times local): 11:35 p.m. President Donald Trump says the roughly 1,000 U.S. troops he has ordered to leave Syria will remain in the Middle East to prevent a resurgence of the Islamic State threat. In a written statement Monday announcing...

Asia shares mixed as optimism over China-US trade deal fades

Oct. 15, 2019 1:06 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Tuesday after a wobbly day of trading on Wall Street. Japan's Nikkei 225 index jumped 1.8% to 22,194.94 as Tokyo reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. struck Friday in Washington....

The Latest: Pence heads to Mideast as Turkey attacks Kurds

Oct. 14, 2019 11:02 PM EDT

WASHINGTON (AP) — The Latest on the United States and the military withdrawal from northern Syria (all times local): 6:20 p.m. Vice President Mike Pence says he's being dispatched to the Middle East by President Donald Trump as U.S. troops pull out of northeast Syria and Turkish forces invade. Pence says...

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...

Regulators ask for expedited power grid reliability study

Oct. 14, 2019 6:10 PM EDT

BILLINGS, Mont. (AP) — Utility regulators from three states used nearly identical language in letters urging the Federal Energy Regulatory Commission to speed up its study on the effects of upcoming coal-fired power plant closures on the U.S. power grid. The Billings Gazette reports the language appeared...