Latest Financial markets News

Asia stocks mixed after Wall St down, China manufacturing up

Jun. 30, 2022 01:57 AM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced. Wall Street's benchmark S&P 500 index edged...

Sri Lanka crisis gives India chance to gain sway vs China

Jun. 30, 2022 01:13 AM EDT

NEW DELHI (AP) — Sri Lanka's strategic location has attracted outsized interest in the small island nation from regional giants China and India for more than a decade, with Beijing and its free-flowing loans and infrastructure investments widely seen as having gained the upper hand in the quest...

Asia stocks mixed after Wall St down, China manufacturing up

Jun. 29, 2022 23:48 PM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced. Wall Street's benchmark S&P 500 index edged...

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Jun. 29, 2022 21:08 PM EDT

COLOMBO, Sri Lanka (AP) — Chamila Nilanthi is tired of all the waiting. The 47-year-old mother of two spent three days lining up to get kerosene in the Sri Lankan town of Gampaha, northeast of the capital Colombo. Two weeks earlier, she spent three days in a queue for cooking gas — but came...

Puerto Rico sets 7th electric rate increase in just a year

Jun. 29, 2022 19:35 PM EDT

SAN JUAN, Puerto Rico (AP) — Officials in Puerto Rico announced another electric rate increase Wednesday, the seventh in a year amid continuing power outages and the U.S. territory's economic crisis. For a client that consumes 800 kilowatt hours, the new rate will be 33 cents per...

How major US stock indexes fared Wednesday 6/29/2022

Jun. 29, 2022 16:37 PM EDT

Stocks ended mostly lower on Wall Street Wednesday, keeping the market on track for its fourth monthly loss this year. The S&P 500 index has been volatile all week, and is down 20% for the year as investors worry about inflation and rising interest rates. Small company stocks...

Closing prices for crude oil, gold and other commodities

Jun. 29, 2022 15:38 PM EDT

Benchmark U.S. crude oil for August delivery fell $1.98 to $109.78 a barrel Wednesday. Brent crude for August delivery fell $1.72 to $116.26 a barrel. Wholesale gasoline for July delivery fell 11 cents to $3.83 a gallon. July heating oil fell 16 cents to $4.04 a gallon. August...

Strong ruble could hurt Russian businesses, official warns

Jun. 29, 2022 08:01 AM EDT

MOSCOW (AP) — As the ruble strengthens to levels not seen in seven years, Russia's minister of economic development warned Wednesday that the country's businesses could suffer if the trend persists. The ruble hit all-time lows in the first weeks after Russia sent troops into...

Asian shares track Wall St drop as inflation fears drag on

Jun. 29, 2022 01:06 AM EDT

BANGKOK (AP) — Shares skidded in Asia on Wednesday after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession. U.S. futures edged higher while oil prices fell back. A...

Ducey OKs $18B budget upping school, infrastructure spending

Jun. 28, 2022 20:03 PM EDT

PHOENIX (AP) — Arizona Gov. Doug Ducey on Tuesday signed into law his eighth and final state budget, an $18 billion spending plan that uses a record surplus to invest in education and infrastructure while lowering state debt and preparing for an economic downturn. The massive...