Latest Economic policy News

China pressures US, Canada ahead of Huawei hearing

Dec. 10, 2018 2:43 PM EST

VANCOUVER, British Columbia (AP) — China raised the pressure on the United States and Canada as a bail hearing resumed Monday for a top Chinese technology executive in a case that has fueled U.S.-China trade tensions and roiled financial markets. Meng Wanzhou, the chief financial officer of Chinese...

Markets on edge as Brexit uncertainty hits new highs

Dec. 10, 2018 11:55 AM EST

LONDON (AP) — It's crunch time for Brexit, and investors in the region could be in for a white-knuckle ride through Christmas. Prime Minister Theresa May on Monday canceled a long-awaited parliamentary vote on the Brexit deal that she had struck with the European Union but faced widespread opposition. She...

GoPro to move production out of China over tariff concerns

Dec. 10, 2018 11:43 AM EST

SAN MATEO, Calif. (AP) — Action-camera maker GoPro says it will move production of U.S.-bound cameras out of China by the summer over tariff-related concerns. Companies have been voicing concerns over a looming trade war between China and the U.S. as both countries have been threatening tariffs against one...

World stocks slip on China-US tensions, Brexit uncertainty

Dec. 10, 2018 7:29 AM EST

SINGAPORE (AP) — World stocks fell on Monday as tensions between the U.S. and China over the arrest of a senior executive of telecoms supplier Huawei raised concerns about talks on trade. Reports that a key Brexit vote could be scrapped added to the uncertainty, pushing down the pound. KEEPING SCORE: In...

S. Korea charges 4 with illegally importing N. Korean coal

Dec. 10, 2018 5:02 AM EST

SEOUL, South Korea (AP) — South Korean prosecutors said Monday that they have charged four people with illegally importing North Korean coal via Russia in violation of U.N. sanctions. The indictments, handed down on Friday, came four months after customs authorities accused three of the four of using...

China summons US envoy to protest detention of Huawei exec

Dec. 10, 2018 1:04 AM EST

BEIJING (AP) — China summoned the U.S. ambassador to Beijing to protest Canada's detention of a senior executive of Chinese electronics giant Huawei at Washington's behest, demanding the U.S. cancel the order for her arrest. The official Xinhua News Agency said Vice Foreign Minister Le Yucheng "lodged...

Asian shares fall as Huawei arrest imperils China-US truce

Dec. 9, 2018 11:58 PM EST

SINGAPORE (AP) — Asian markets were broadly lower Monday after China protested the arrest of a senior executive of Chinese electronics giant Huawei, who is suspected of trying to evade U.S. trade curbs on Iran. KEEPING SCORE: Japan's benchmark Nikkei 225 slid 2.2 percent to 21,197.74 after revised data...

China summons US envoy to protest detention of Huawei exec

Dec. 9, 2018 10:02 PM EST

BEIJING (AP) — China summoned the U.S. ambassador to Beijing on Sunday to protest Canada's detention of a senior executive of Chinese electronics giant Huawei at Washington's behest and demand the U.S. cancel an order for her arrest. The official Xinhua News Agency said Vice Foreign Minister Le Yucheng...

UK leader warns of 'uncharted waters' if Brexit deal nixed

Dec. 9, 2018 1:44 PM EST

LONDON (AP) — With a crucial parliamentary vote on Brexit looming, British Prime Minister Theresa May warned lawmakers Sunday that they could take Britain into "uncharted waters" and trigger a general election if they reject the divorce deal she struck with the European Union. May is fighting to save her...

AP FACT CHECK: Trump's trade claims, Paris protesters' chant

Dec. 8, 2018 11:42 AM EST

WASHINGTON (AP) — Eager for a historic trade agreement, President Donald Trump is claiming done deals with China that aren't measuring up to the hype. He describes last week's meeting with Chinese President Xi Jinping in Buenos Aires, Argentina, as "extraordinary" and a "big leap forward." China, however,...