Latest Economic policy News

Asian stocks mixed on doubts over US-China trade deal

Mar. 22, 2019 3:04 AM EDT

SINGAPORE (AP) — Asian markets were mixed on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index was 0.1 percent lower at 3,097.81 while the Kospi in South Korea rose 0.1 percent to 2,186.95. Australia's S&P ASX 200 gained 0.5 percent to 6,195.20....

Asian stocks stumble on doubts over US-China trade deal

Mar. 22, 2019 12:16 AM EDT

SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong's Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan's...

North Korea, seeking food aid, links sanctions to shortages

Mar. 22, 2019 12:05 AM EDT

PYONGYANG, North Korea (AP) — Kumkhop Trading Co. President Ri Jong Ho sweeps his hand over a table full of foods produced at his factory. There's a bowl of assorted candies and rice cakes, a plate of sausages and ham, slices of a French baguette and Russian dark bread. "We are doing fine," he says with a...

Poll: More Americans say too little spending on health

Mar. 21, 2019 12:18 PM EDT

WASHINGTON (AP) — A growing majority of Americans want greater government spending on health care, and the increase is being driven by both Democrats and Republicans. That's according to new data from the General Social Survey, a widely respected trend survey that has been measuring views of government...

Consumers should soon see benefit of Fed's patience on rates

Mar. 21, 2019 11:55 AM EDT

NEW YORK (AP) — So much for those worries about rising interest rates. Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and 2018. This year, the Fed has changed course. In...

Export slump deepens for American whiskey producers

Mar. 21, 2019 11:37 AM EDT

LOUISVILLE, Ky. (AP) — American whiskey producers are suffering a worsening hangover from the Trump administration's trade disputes. Overall exports of bourbon, Tennessee whiskey and rye whiskey fell 11 percent during the second half of 2018 compared to the prior-year period, as the impact of tariffs...

UK firms step up preparations for a 'no-deal' Brexit

Mar. 21, 2019 10:30 AM EDT

LONDON (AP) — U.K. companies have ratcheted up their preparations for a disorderly "no-deal" Brexit as best they can over the past couple of months, the Bank of England said Thursday. With the prospect of a chaotic Brexit potentially eight days away, a survey by the central bank's agents showed that around...

European shares shaken by Brexit jitters after gains in Asia

Mar. 21, 2019 8:47 AM EDT

BANGKOK (AP) — Shares were mostly lower in Europe on Thursday and headed for a lower open on Wall Street amid Brexit uncertainties and after the Federal Reserve promised not to raise interest rates this year. Britain's FTSE 100 added 0.3 percent to 7,311, while the DAX in Germany lost 0.9 percent to...

Asian shares gain as Fed says it will hold off on rate hikes

Mar. 21, 2019 1:48 AM EDT

BANGKOK (AP) — Shares in Asia were mostly higher on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index advanced 0.6 percent to 3,109.48 while Hong Kong's Hang Seng gained 0.2 percent to 29,365.55. South Korea's Kospi climbed 0.3...

New Fed forecast for 2019: Slower growth and zero rate hikes

Mar. 21, 2019 12:11 AM EDT

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United...