Latest Economy News

Saudi crown prince arrives in Pakistan for regional visit

Feb. 17, 2019 1:51 PM EST

ISLAMABAD (AP) — Saudi Arabia's powerful Crown Prince Mohammed bin Salman began his four-day regional visit on Sunday, arriving in Pakistan where Saudi officials signed agreements worth $20 billion to help the Islamic nation overcome its financial crisis. Prime Minister Imran Khan and top government and...

The Latest: Booker now reserving judgment on Smollett case

Feb. 17, 2019 1:11 PM EST

The Latest on the Democratic presidential candidates (all times local): 1:05 p.m. Sen. Cory Booker, who called the alleged attack on Jussie Smollett a "modern-day lynching" after the actor reported it, is withholding judgment on reports alleging Smollett is under investigation for possible involvement in his own...

The Latest: Russian envoy lashes out a UK defense minister

Feb. 16, 2019 1:33 PM EST

MUNICH (AP) — The Latest on the international security conference taking place in Munich (all times local): 7 p.m. Russian Foreign Minister Sergey Lavrov has fired back at British Defense Minister Gavin Williamson, calling him the "minister of war." Lavrov's comments Saturday came the day after Williamson...

Warren returns to Nevada, heart of 2008 economic crisis

Feb. 16, 2019 11:20 AM EST

LAS VEGAS (AP) — Democrat Elizabeth Warren, who made her name as a consumer advocate following the 2008 financial crisis, will make her first appearance Sunday as a presidential candidate in Las Vegas, the boom-and-bust town that made Nevada the epicenter of the country's foreclosure crisis. The...

Nigeria delays election until Feb. 23 over 'challenges'

Feb. 15, 2019 11:53 PM EST

KANO, Nigeria (AP) — Nigeria's electoral commission delayed the presidential election until Feb. 23, making the announcement a mere five hours before polls were set to open Saturday. It cited unspecified "challenges" amid reports that voting materials had not been delivered to all parts of the country....

Haiti to unveil economic measures to quell violent protests

Feb. 15, 2019 6:51 PM EST

PORT-AU-PRINCE, Haiti (AP) — Haitians on Friday vowed to keep protesting until President Jovenel Moise resigns, despite his announcement of upcoming economic measures designed to quell more than a week of violent demonstrations across the country. Moise said during a televised address late Thursday that he...

Mexican president announces bailout for cash-strapped Pemex

Feb. 15, 2019 5:06 PM EST

MEXICO CITY (AP) — Mexican President Andres Manuel Lopez Obrador announced a $3.9 billion bailout for the country's cash-strapped, state-owned oil company Friday and promised it an additional $1.6 billion in revenue, making it a rescue package of up to $5.5 billion. Lopez Obrador has made rescuing...

How major US stock indexes fared Friday

Feb. 15, 2019 4:52 PM EST

Stocks surged on Wall Street Friday after Chinese and U.S. officials agreed to continue trade talks in Washington next week. The rally drove the Dow Jones Industrial Average up more than 400 points and helped give the benchmark S&P 500 index its third-consecutive weekly gain. On Friday: The S&P 500 index...

Stocks post strong finish as optimism over trade talks grows

Feb. 15, 2019 4:49 PM EST

The Dow Jones Industrial Average surged more than 400 points Friday as renewed optimism over trade talks between the U.S. and China put investors in a buying mood. The rally marked a turnaround from a day earlier, when disappointing holiday sales data led to a modest sell-off. Friday's gains helped push the...

Lebanon's Cabinet wins vote of confidence in parliament

Feb. 15, 2019 4:42 PM EST

BEIRUT (AP) — Lebanon's parliament gave the new government of Prime Minister Saad Hariri a vote of confidence after days of heated debates and harsh verbal exchanges. Late Friday, 111 legislators voted in favor while six voted against of the 128-member legislature. Eleven were absent. A government policy...