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Venezuela power struggle impedes delivery of COVID vaccine
CARACAS, Venezuela (AP) — Venezuela’s political conflict has claimed another casualty: relief from the coronavirus pandemic. The socialist government of Nicolás Maduro and the U.S.-backed opposition are accusing each other of playing politics with proposals to finance United Nations-supplied...
Iran, pressured by blackouts and pollution, targets Bitcoin
TEHRAN, Iran (AP) — Iran's capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. Traffic lights died. Offices went dark. Online classes stopped. With toxic smog blanketing Tehran skies and the country buckling under the pandemic and...
Asian stocks sink after China coronavirus resurgence
BEIJING (AP) — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. Shanghai, Hong Kong, Tokyo and Australia declined. South Korea advanced. Overnight, Wall Street closed higher. Gains for tech stocks offset losses elsewhere....
US long-term mortgage rates slip; 30-year loan at 2.77%
WASHINGTON (AP) — U.S. long-term mortgage rates slipped this week while remaining at record-low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.77% from 2.79% last week. By contrast, the rate stood at 3.60% a year ago. The...
European Central Bank stimulus on track as economy struggles
FRANKFURT, Germany (AP) — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. ECB President Christine Lagarde told...
Lebanon central bank governor denies transfer of capital
BEIRUT (AP) — The governor of Lebanon's Central Bank denied on Thursday that he had made any transfers of the bank's funds following a probe by Swiss authorities into money laundering and embezzlement. Gov. Riad Salameh's statement was released after he was questioned by Lebanon’s prosecutor...
Netflix, Alibaba rise; Bank of New York, US Bancorp fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: Alibaba Group Holding Ltd., up $13.84 to $265.49. The Chinese e-commerce company's co-founder, Jack Ma, made his first appearance after a nearly three-month absence. eBay Inc., down 81 cents to $56.17. The e-commerce company said...
Morgan Stanley profits rise 48%, helped by strong markets
CHARLOTTE, N.C. (AP) — Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. The New York-based firm posted a profit $3.39 billion, or $1.81 a...
Japan shares fall on pandemic worries as rest of Asia rises
TOKYO (AP) — Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia's...
Deal offers more banking services for California pot firms
LOS ANGELES (AP) — A California cannabis industry group announced Tuesday that it reached an agreement with a state credit union that will provide checking, wire transfers and other banking services for more marijuana companies, helping ease what has been an obstacle for many businesses. Most Americans...
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