Latest Economy News

Official: US at turning point in dealing with Myanmar crisis

Oct. 21, 2021 04:42 AM EDT

JAKARTA, Indonesia (AP) — The United States is at a turning point in deciding how to handle the crisis in military-ruled Myanmar, weighing further political and economic steps to pressure the government to change its behavior, a senior U.S. official said Thursday. ...

Asian shares mixed after Evergrande sale deal called off

Oct. 21, 2021 03:56 AM EDT

Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. Shares slipped in Hong Kong, Seoul and Tokyo, while they rose in Australia and Shanghai. ...

UK, New Zealand approve trade deal; hope it opens more doors

Oct. 21, 2021 01:13 AM EDT

LONDON (AP) — Britain and New Zealand have agreed on a trade deal that eliminates tariffs on a wide range of goods as the U.K. expands economic links around the world following its exit from the European Union. The deal was cemented late Wednesday in a conference call...

Struggling Chinese developer calls off $2.6B asset sale

Oct. 21, 2021 00:40 AM EDT

BEIJING (AP) — A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets says it has called off the sale of a $2.6 billion stake in a subsidiary and has made no progress in selling other assets. ...

Asian shares mixed after Evergrande sale deal called off

Oct. 20, 2021 23:59 PM EDT

Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. Shares slipped in Hong Kong and Tokyo but rose in most other regional markets. China...

US and EU ambassadors: Enforce U.N. sanctions on North Korea

Oct. 20, 2021 19:44 PM EDT

UNITED NATIONS (AP) — The United States and several European countries on Wednesday condemned North Korea’s recent missile tests and said Pyongyang’s technical advances demonstrate the urgent need to ramp up implementation of U.N. sanctions on its nuclear and missile programs and its...

UK, New Zealand approve trade deal; hope it opens more doors

Oct. 20, 2021 18:57 PM EDT

LONDON (AP) — Britain agreed to a trade deal with New Zealand on Wednesday, eliminating tariffs on a wide range of goods as the U.K. seeks to expand economic links around the world following its exit from the European Union. The deal was cemented in a conference call...

Reynolds hopes rule changes will push jobless back to work

Oct. 20, 2021 17:53 PM EDT

ADEL, Iowa (AP) — Unemployed Iowans would be required to meet weekly with state case managers, conduct twice as many weekly work searches and undergo audits to prove they're actively looking for work under a new proposal announced Wednesday by Gov. Kim Reynolds. ...

How major US stock indexes fared Wednesday

Oct. 20, 2021 16:34 PM EDT

Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high. The benchmark index climbed 0.4% for its sixth gain in a row. Anthem and Abbott Laboratories helped lead gains among health care stocks after turning in solid...

Efforts drag on to free 17 missionaries kidnapped in Haiti

Oct. 20, 2021 16:10 PM EDT

PORT-AU-PRINCE, Haiti (AP) — Efforts to win the return of 17 members of a U.S.-based missionary group and a local driver stretched into a fourth day Wednesday, with a violent gang demanding $1 million ransom per person. The group seized includes five children aged from...