Latest Financial markets News

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, July 14, 2020. Asian shares fell Tuesday as skepticism set in about the recent upbeat mood on global markets, as newly confirmed coronavirus cases rose in the U.S., Brazil and parts of Japan. (AP Photo/Kin Cheung)

Global shares drop on jitters over virus, China-US friction

Jul. 14, 2020 5:17 AM EDT

TOKYO (AP) — Global shares fell Tuesday as skepticism set in about the recent upward momentum in global markets given rising confirmed coronavirus cases and percolating tensions between the U.S. and China. France's CAC 40 slipped 1.8% in early trading to 4,967.27, while Germany's DAX was down 1.5% at...

A worker wearing a face mask to protect against the new coronavirus guides the loading of a shipping container at a container port in Qingdao in eastern China's Shandong Province, Thursday, July 9, 2020. China’s imports of U.S. goods rose 10.6% in June over a year earlier and its global trade also increased in a fresh sign the world’s second-largest economy is gradually recovering from the coronavirus pandemic, customs data showed Tuesday July 14, 2020. (Chinatopix via AP)

China's trade rises as economy recovers from virus slump

Jul. 14, 2020 2:21 AM EDT

BEIJING (AP) — China’s trade improved in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand. Chinese imports rose 3% over a...

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, July 14, 2020. Asian shares fell Tuesday as skepticism set in about the recent upbeat mood on global markets, as newly confirmed coronavirus cases rose in the U.S., Brazil and parts of Japan. (AP Photo/Kin Cheung)

Asia shares drop on jitters over virus, China-US friction

Jul. 13, 2020 11:28 PM EDT

TOKYO (AP) — Shares fell in Asia on Tuesday as skepticism set in about the recent upward momentum in global markets given rising confirmed coronavirus cases and percolating tensions between the U.S. and China. The White House’s decision to reject nearly all Chinese maritime claims in the South...

New Mexico Gov. Michelle Lujan Grisham speaks about the uptick in confirmed COVID-19 cases in the state and her decision to hold off on opening more of the economy during a news conference at the state Capitol on Thursday, June 25, 2020. (Eddie Moore/Albuquerque Journal via AP)

New Mexico restaurants bristle at rolling back indoor dining

Jul. 13, 2020 7:16 PM EDT

ALBUQUERQUE, N.M. (AP) — Gov. Michelle Lujan Grisham’s revamped public health order took effect Monday, and some restaurant owners aren’t happy that they have been ordered to roll back indoor dining. The owners say they have gone to great lengths to make their establishments safe and that the...

Analog Devices, AMC fall; Pfizer, Quest Diagnostics rise

Jul. 13, 2020 5:55 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday: Analog Devices Inc., down $7.25 to $117.25. The Norwood, Massachusetts chipmaker is buying rival Maxim Integrated Products in an all-stock deal worth $20 billion. PepsiCo Inc., up 45 cents to $134.91. The soda and snack maker...

Suriname gets new president, faces economic crisis

Jul. 13, 2020 5:13 PM EDT

WAGENINGEN, Netherlands (AP) — Suriname's newly elected parliament chose a former police chief as the country's president on Monday to replace Desiree “Desi” Bouterse, who faces a murder conviction at home and a drug smuggling sentence abroad. Chandrikapersad Santokhi, better known as...

Closing prices for crude oil, gold and other commodities

Jul. 13, 2020 4:50 PM EDT

Benchmark U.S. crude oil for August delivery fell 45 cents to settle at $40.10 a barrel Monday. Brent crude oil for September delivery fell 52 cents to $42.72 a barrel. Wholesale gasoline for August delivery fell 1 cent to $1.27 a gallon. August heating oil fell 2 cents to $1.22 a gallon. August natural gas fell...

How major US stock indexes fared Monday

Jul. 13, 2020 4:23 PM EDT

Stock indexes closed mostly lower Monday after giving up an early gain in another day of roller-coaster trading on Wall Street. Technology companies, which led the market higher in the morning, led it lower in the afternoon. Investors were discouraged to see that California extended a shutdown of bars and indoor...

An anti-government protester shouts at riot police, near the scene where a Lebanese man killed himself on Beirut's commercial Hamra Street, apparently because of the deteriorating economic and financial crisis in the country, in Beirut, Lebanon, Friday, July 3, 2020. The man left a note that reads in Arabic:

IMF calls on Lebanese to unite behind government reform plan

Jul. 13, 2020 11:24 AM EDT

BEIRUT (AP) — The International Monetary Fund on Monday urged Lebanese authorities to unite behind a government economic plan that has received a cool reception from the banking sector, saying the country needs a reform program to rescue an economy mired in crisis. Lebanon, one of the most indebted nations...

FILE - In this Sept. 20, 2019 file photo, workers stand on a platform at a Saudi Aramco oil separator processing facility in Abqaiq, near Dammam in the Kingdom's Eastern Province. The International Monetary Fund said in the latest outlook released Monday, July 13, 2020, that the Middle East’s energy producers are expected to earn $270 billion less in oil revenue compared to last year. That's as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic. Oil importing Mideast countries, which include Egypt, Jordan and Sudan, are expected to see average economic contraction of 1.1%, but inflation is expected to reach 10%. (AP Photo/Amr Nabil, File)

IMF: Mideast loses $270B oil income amid virus, recession

Jul. 13, 2020 7:09 AM EDT

DUBAI, United Arab Emirates (AP) — The Middle East's energy producers are expected to earn $270 billion less in oil revenue compared to last year as the region's economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the International Monetary Fund's...