Latest Trade agreements News

Finance officials pledge to combat global economic slowdown

Oct. 19, 2019 3:42 PM EDT

WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown. The policy-setting...

IMF, World Bank leaders appeal for an end to trade wars

Oct. 18, 2019 3:06 PM EDT

WASHINGTON (AP) — The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries on Friday to resolve widening disagreements on trade and other issues, warning that the divisions threaten to worsen the impact of a global slowdown. The IMF's managing director,...

IMF head says more needed to boost growth than US-China deal

Oct. 17, 2019 6:56 PM EDT

WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that...

What's in the proposed UK-EU Brexit deal?

Oct. 17, 2019 11:32 AM EDT

BRUSSELS (AP) — Britain and the European Union have a Brexit deal — and if it is ratified, people and businesses will finally have a measure of certainty about what lies ahead. That's a big if. This is not the first time the two sides have proclaimed an agreement — only for it to be shot down...

Global shares rally on tentative Brexit deal

Oct. 17, 2019 8:07 AM EDT

BANGKOK (AP) — Global markets were boosted Thursday by news that Britain and the European have agreed on an outline Brexit deal after days of intense negotiations. Benchmarks in London and Frankfurt rallied and Wall Street was positioned for gains when the market opens in New York. Although news of a...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

AP FACT CHECK: Dems flub details on climate, guns, Syria

Oct. 16, 2019 1:45 PM EDT

WASHINGTON (AP) — A dozen Democrats seeking the presidency tussled in a debate packed with policy, flubbing some details in the process. Several gave an iffy explanation of why they're not swinging behind a bold proposal to make people turn over their assault-style weapons. Sloppiness also crept in during...

Australia wants trade deals with Hong Kong, Indonesia, Peru

Oct. 16, 2019 12:54 AM EDT

CANBERRA, Australia (AP) — Australia wants bilateral free trade deals with Hong Kong, Indonesia and Peru to take effect early next year, the trade minister said Wednesday, adding that the Hong Kong treaty supports its unique status within China. Trade Minister Simon Birmingham introduced legislation into...

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...