Latest Economy News

Hopes for US-China trade talks help push Asian shares higher

Dec. 12, 2018 3:04 AM EST

TOKYO (AP) — Asian shares rose Wednesday amid hopes for progress in U.S.-China trade talks. ASIA'S DAY: Japan's benchmark Nikkei 225 jumped 2.2 percent to 21,602.75. Australia's S&P/ASX 200 edged up 1.4 percent to 5,653.50. South Korea's Kospi was up 1.4 percent at 2,082.57. Hong Kong's Hang Seng added...

Huawei CFO gets bail; China detains ex-Canadian diplomat

Dec. 12, 2018 12:25 AM EST

VANCOUVER, British Columbia (AP) — A Canadian court granted bail Tuesday to a top Chinese executive arrested at the United States' request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks. Hours before the bail hearing in Vancouver,...

The Latest: Pelosi: Trump thinks Mexico will pay for wall

Dec. 11, 2018 11:02 PM EST

WASHINGTON (AP) — The Latest on President Donald Trump's promised U.S.-Mexico border wall (all times local): 4:35 p.m. House Democratic leader Nancy Pelosi says President Donald Trump thinks Mexico will pay for the border wall through the new trade deal. Pelosi told colleagues privately that Trump insisted...

Hopes for US-China trade talks help push Asian shares higher

Dec. 11, 2018 9:22 PM EST

TOKYO (AP) — Asian shares rose Wednesday amid hopes for U.S.-China trade talks. ASIA'S DAY: Japan's benchmark Nikkei 225 added 1.7 percent in early trading to 21,501.95. Australia's S&P/ASX 200 edged up 0.8 percent to 5,618.70. South Korea's Kospi was up nearly 1.0 percent at 2,073.20. Hong Kong's Hang...

The Latest: Trump says he could intervene in Huawei case

Dec. 11, 2018 7:28 PM EST

VANCOUVER, British Columbia (AP) — The latest on the arrest in Canada of Chinese tech executive Meng Wanzhou. (all times local): 4:25 p.m. President Donald Trump says he would consider intervening in the Justice Department's case against a top Chinese executive if it would be in the interest of U.S....

Elderly man evicted over medical marijuana hits another snag

Dec. 11, 2018 7:24 PM EST

NIAGARA FALLS, N.Y. (AP) — A 78-year-old New York man who was evicted from federally subsidized housing because he uses medical marijuana for pain said Tuesday that the conflicting state and federal pot laws that left him homeless are now threatening his medical care. "The federal government has stepped in...

Sting uses fake Amazon boxes, GPS to catch would-be thieves

Dec. 11, 2018 6:25 PM EST

The explosion in online shopping has led to porch pirates and stoop surfers swiping holiday packages from unsuspecting residents. The cops in one New Jersey city are trying to catch the thieves with some trickery of their own. Police in Jersey City, across the Hudson River from New York, are teaming up with...

Former Cuomo economic guru sentenced to prison

Dec. 11, 2018 6:22 PM EST

NEW YORK (AP) — The former head of the State University of New York's Polytechnic Institute was sentenced Tuesday to 3½ years in prison for his role in corrupting the state's Buffalo Billion project. Alain Kaloyeros, 62, was sentenced in Manhattan federal court by Judge Valerie E. Caproni, who noted...

Unfinished business: UN migrant pact inked, but foes remain

Dec. 11, 2018 5:47 PM EST

MARRAKECH, Morocco (AP) — Seeking to remind the world that migrants are people, too, a U.N. migration conference ended Tuesday with pledges to put a landmark new accord to work, but it left unfinished business on ending the divisive debate between nationalists and globalists as migrant detention centers,...

Lawsuit filed over Trump plans for offshore drilling tests

Dec. 11, 2018 4:58 PM EST

COLUMBIA, S.C. (AP) — Environmental groups sued the Trump administration Tuesday over offshore drilling tests, launching a legal fight against a proposal that has drawn bipartisan opposition along the Atlantic Coast. The lawsuit filed in federal court in Charleston, South Carolina, claims the National...