Latest Prices News

UK blocks Sainsbury's merger with Walmart unit Asda

Apr. 25, 2019 8:59 AM EDT

LONDON (AP) — British regulators blocked Sainsbury's 7.3 billion-pound ($9.4 billion) purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products available. For Walmart, it's another setback as it tries to refocus its...

Asian shares mixed after US stocks retreat from record high

Apr. 24, 2019 10:14 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 22,247.14. South Korea's Kospi fell nearly 0.3% to 2,195.56. Hong Kong's Hang...

Oil prices climb in wake of Iranian oil sanctions decision

Apr. 23, 2019 5:55 PM EDT

NEW YORK (AP) — Global oil prices are rising in the wake of President Donald Trump's decision to impose sanctions on nations that import Iranian oil and could eventually climb to levels that would impact American consumers. Analysts said Tuesday that by taking Iranian crude off the market, the price of...

A Trump Fed choice steps aside, and another faces new doubts

Apr. 23, 2019 12:06 AM EDT

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather's Pizza, asked to be taken out of...

Asian stocks mixed, oil soars on Iran sanctions worries

Apr. 22, 2019 11:35 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Tuesday while oil prices soared to their highest level since October after the U.S. said it would soon impose sanctions on all buyers of Iranian oil. Japan's Nikkei 225 index lost 0.2% to 22,165.41. The Kospi in South Korea was less than 0.1% higher at 2,217.31...

A Trump Fed choice steps aside, and another faces new doubts

Apr. 22, 2019 6:05 PM EDT

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather's Pizza, asked to be taken out of...

Iran sanctions send oil prices, supply concerns higher

Apr. 22, 2019 5:58 PM EDT

NEW YORK (AP) — The Trump administration's decision to impose sanctions on countries that buy Iranian oil is raising concerns about global crude supply and sending oil prices to their highest levels since October. Industry experts said Monday that the sanctions could potentially remove up to 1.2 million...

Argentina to freeze prices of goods in bid to tame inflation

Apr. 17, 2019 5:10 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's government is freezing the prices of 60 essential products and some services in a bid to tame spiraling inflation. President Mauricio Macri announced Wednesday that the goods affected include flour, oil, rice and personal hygiene items. He also said prices for...

UK inflation holds steady in March amid Brexit uncertainty

Apr. 17, 2019 7:47 AM EDT

LONDON (AP) — Official figures show that inflation in Britain unexpectedly held steady in March, with economists suggesting that Brexit uncertainty prompted retailers to keep prices lower than would otherwise have been the case. The Office for National Statistics said Wednesday that consumer prices were up...

Brazil announces financial package to avoid truckers' strike

Apr. 16, 2019 5:03 PM EDT

RIO DE JANEIRO (AP) — The government of Brazilian President Jair Bolsonaro announced Tuesday a financial package aimed at staving off a potential truckers' strike. Brazilian Development Bank will be providing $128 million in credit to truckers and the Ministry of Infrastructure will spend $514 million on...