Latest Economy News

China's economic growth slows amid trade battle with US

Oct. 19, 2018 3:42 AM EDT

BEIJING (AP) — China's economic growth sank to its lowest level since the global financial crisis in the latest quarter, adding to challenges for its communist leaders as they fight a tariff battle with Washington. The world's second-largest economy expanded by 6.5 percent over a year earlier in the three...

Southeast Asian navies to hold drills with China next week

Oct. 19, 2018 3:35 AM EDT

SINGAPORE (AP) — Southeast Asian navies are heading to their first joint exercises with China in its southern waters next week, and defense officials agreed Friday to conduct a similar drill with the U.S. next year. Singapore's Defense Minister Ng Eng Hen said the drills next week in waters surrounding...

Asian stocks mixed after Wall Street skids, China slows

Oct. 19, 2018 1:31 AM EDT

BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed. KEEPING SCORE: Tokyo's Nikkei 225 index fell 0.8 percent to 22,487.21 and India's Sensex lost 1.3 percent to 34,338.69. Hong Kong's Hang Seng picked...

StarKist admits fixing tuna prices, faces $100 million fine

Oct. 19, 2018 12:55 AM EDT

SAN FRANCISCO (AP) — StarKist Co. agreed to plead guilty to a felony price fixing charge as part of a broad collusion investigation of the canned tuna industry, the U.S. Department of Justice announced Thursday. The DOJ said StarKist faces up to a $100 million fine when it is sentenced. Prosecutors allege...

Asian stocks tumble after Wall Street skids, China slows

Oct. 18, 2018 11:52 PM EDT

BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed. KEEPING SCORE: Tokyo's Nikkei 225 index fell 1.1 percent to 22,411.33 and Seoul's Kospi shed 0.3 percent to 2,141.06. The Shanghai Composite Index was flat...

Hawley tries to paint McCaskill as too liberal for Missouri

Oct. 18, 2018 11:45 PM EDT

JEFFERSON CITY, Mo. (AP) — Missouri Republican candidate Josh Hawley used a Thursday debate to try to paint Democratic Sen. Claire McCaskill as too liberal for the increasingly red state of Missouri, while McCaskill continued to hammer her challenger over his positions on health care. The candidates'...

Heitkamp renews ad apology; Cramer says she's not bipartisan

Oct. 18, 2018 11:20 PM EDT

BISMARCK, N.D. (AP) — Sen. Heidi Heitkamp opened her debate Thursday against Republican challenger Kevin Cramer with a renewed apology for a newspaper ad attacking her opponent that improperly identified some survivors of domestic violence and sexual assault, calling it a "grave and horrible error." "I am...

Pressure turns to Mexico as migrant caravan heads for border

Oct. 18, 2018 10:43 PM EDT

GUATEMALA CITY (AP) — As some 3,000 Hondurans made their way through Guatemala, attention turned to Mexico, after U.S. President Donald Trump threatened Thursday to close the U.S.-Mexico border if authorities there fail to stop them — a nearly unthinkable move that would disrupt hundreds of...

The Latest: Mexican officials say activist resisted arrest

Oct. 18, 2018 10:41 PM EDT

GUATEMALA CITY (AP) — The latest on the caravan of Central American migrants trying to advance toward the United States. (all times local): 11:35 p.m. Mexican immigration officials say activist Irineo Mujica, who has dual U.S. and Mexican citizenship, is accused of property damage and resisting arrest. A...

China's economic growth slows to 6.5 percent in quarter ending in September from previous quarter's 6.7 percent

Oct. 18, 2018 10:15 PM EDT
BEIJING (AP) — China's economic growth slows to 6.5 percent in quarter ending in September from previous quarter's 6.7 percent.