Latest Economic growth News

India cuts corporate taxes to counter slowing growth

Sep. 20, 2019 3:53 AM EDT

NEW DELHI (AP) — The Indian government on Friday announced a slew of concessions aimed at boosting the economy that will reduce most corporate taxes for local companies to about 25% from 30%. Finance Minister Nirmala Sitharaman said the lower tax rates will retroactively apply from April 1, the beginning...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Bankers expect slow economic growth amid trade war

Sep. 19, 2019 2:49 PM EDT

OMAHA, Neb. (AP) — Bankers in rural parts of 10 Plains and Western states expect slow growth in the months ahead, but the ongoing trade war between the U.S. and China is weighing on the economy. The Rural Mainstreet survey's overall index climbed into positive territory at 50.1 in September from August's...

Beshear releases plan aimed at boosting Kentucky tourism

Sep. 19, 2019 11:22 AM EDT

FRANKFORT, Ky. (AP) — Democratic gubernatorial nominee Andy Beshear on Thursday released a plan aimed at making Kentucky a bigger tourism destination as a way to build economic growth. Beshear's plan calls for a new marketing campaign focused on attracting tourists from nearby states. Those marketing...

World shares mixed following Fed's decision to cut rates

Sep. 19, 2019 8:20 AM EDT

LONDON (AP) — European stock markets pushed higher Thursday as traders had their first chance to respond to the U.S. Federal Reserve's widely anticipated decision to cut its benchmark interest rate for the second time this year. In Europe, Germany's DAX was up 0.3% to 12,422 while the FTSE 100 index of...

Bank of England holds rates as it awaits Brexit clarity

Sep. 19, 2019 8:10 AM EDT

LONDON (AP) — The Bank of England kept its main interest rate unchanged at 0.75% Thursday, its last scheduled interest rate decision before Britain is due to leave the European Union. In a statement, the bank said all nine of its rate-setters voted to keep rates unchanged and warned that prolonged...

Can green investment help relaunch Germany's economy?

Sep. 19, 2019 7:58 AM EDT

FRANKFURT, Germany (AP) — A recession looms for Germany and the European Central Bank is pleading for governments to spend more to revitalize economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight rein on its finances. A debate over...

Norway's central bank raises key policy rate again

Sep. 19, 2019 5:04 AM EDT

COPENHAGEN, Denmark (AP) — Norway's central bank has decided to raise its key policy rate by 0.25 percentage points to 1.50% Norges Bank says economic growth in the Scandinavian country "remains solid, and capacity utilization is somewhat above a normal level." In Thursday's statement, it noted that "the...

Asian shares mixed following Fed's decision to cut rates

Sep. 19, 2019 12:02 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Japan's central bank opted to keep its own...

US economy could shrug off oil prices if disruption is brief

Sep. 17, 2019 2:37 PM EDT

DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14%, their biggest single-day jump in years, but...