Latest Financial crisis News

Japan trade deficit highest in 5 yrs, hit by China doldrums

Feb. 20, 2019 12:19 AM EST

TOKYO (AP) — Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years. Exports to all of Asia dropped 13 percent year-on-year, largely due to the 17 percent plunge in shipments to...

A look at rival Branson vs Maduro concerts for Venezuela

Feb. 19, 2019 11:19 PM EST

CARACAS, Venezuela (AP) — Dueling concerts are being staged this week on both sides of Venezuela's border with Colombia. After billionaire Richard Branson announced an aid concert in Colombia on Friday to benefit Venezuelans suffering food and medicine shortages amid their country's economic crisis,...

The Latest: Booker talks policy, plays Pac-Man at barcade

Feb. 17, 2019 11:16 PM EST

The Latest on the Democratic presidential candidates (all times EST): 11:15 p.m. Amid music from video games and the ringing of pinball machines and the sound of cans of domestic and craft beers cracking open, Booker talked policy with local Democrats at a "barcade" in Manchester, New Hampshire. "I have done...

Warren highlights her work on economic crisis in Vegas stop

Feb. 17, 2019 9:24 PM EST

LAS VEGAS (AP) — Democrat Elizabeth Warren used her first visit to Nevada as a presidential candidate to describe a squeeze on working families and a political system that she says fails to protect homeowners, including the residents of Las Vegas who were pummeled by the mortgage crisis a decade ago. The...

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...

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...

AP Explains: Polarized by Catalonia, Spain heads to election

Feb. 15, 2019 6:37 AM EST

MADRID (AP) — Spain's Prime Minister Pedro Sanchez has called a general election for April 28 after his minority government's budget proposal was rejected by lawmakers. The election is Spain's third in less than four years — a symptom of an increasingly fragmented political landscape and a sign of...

National Retail Group: holiday sales fell short

Feb. 14, 2019 2:00 PM EST

NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, said that holiday sales increased a lower-than-expected 2.9 percent as worries about the trade war with China, the government shutdown and stock market turmoil dampened shopper spending in December. The figures,...

Double duty: Senators juggle presidential bids and day jobs

Feb. 13, 2019 5:54 PM EST

WASHINGTON (AP) — Fresh off jumping into the 2020 presidential race, Sen. Elizabeth Warren had plans to meet voters in Las Vegas. The only problem: a government shutdown roiling Washington. The Massachusetts Democrat had to decide whether to keep her plans last month in a critical early voting state or...

Eurozone recession talk mounts as industry slumps

Feb. 13, 2019 7:11 AM EST

LONDON (AP) — Slumping industrial output across the 19-country eurozone is stoking talk of a possible recession this year, even before any additional damage from Brexit. Official figures on Wednesday showed that industrial output in the eurozone was 4.2 percent lower in December than the year before,...