Latest Global trade News

Banks lead US stock slide, extending market's losing streak

Oct. 22, 2018 4:48 PM EDT

Banks led a broad slide in U.S. stocks Monday as an early rally faded, giving the benchmark S&P 500 index its fourth straight loss. Health care and energy stocks also helped pull the market lower, outweighing gains by technology and consumer-focused stocks. Crude oil prices eked out a small gain after...

As Trump rails, US allies take lead in changing trade rules

Oct. 22, 2018 11:39 AM EDT

GENEVA (AP) — U.S. President Donald Trump wants to rip up the rulebook for global trade. China is by many accounts abusing it. As a battle rages between the world's top economic power and the fast-growing Asian giant striving to take its place, Canada and the European Union are quietly working to update...

European, Asian leaders want free trade, push back at Trump

Oct. 19, 2018 2:22 PM EDT

BRUSSELS (AP) — Europe and Asia presented a united front Friday in support of free trade based on international rules and cooperation, starkly underscoring their differences with U.S. President Donald Trump's "America First" policy. That support for free trade "is the most important signal from this...

European and Asian leaders seek to boost trade, security

Oct. 18, 2018 2:46 PM EDT

BRUSSELS (AP) — Europe and Asia should use their combined economic clout "to tackle global challenges such as trade tensions that put millions of jobs at risk" and the threat of climate change, a top European official said Thursday. European Council President Donald Tusk spoke in Brussels as he opened the...

Trump administration won't brand China currency manipulator

Oct. 17, 2018 6:01 PM EDT

WASHINGTON (AP) — The Trump administration has again decided not to brand China a currency manipulator. But the U.S. is targeting China and five others for special monitoring for what the administration says are practices that are worsening America's trade deficit. In a report issued Wednesday, the...

The Latest: Tusk says new thinking required in Brexit talks

Oct. 16, 2018 10:32 AM EDT

LUXEMBOURG (AP) — The Latest on Britain's upcoming departure from the European Union (all times local): 4:30 p.m. European Council President Donald Tusk says new thinking is required to end the Brexit standoff and is likening the Irish border problem to the mythical Gordian Knot that cannot be untied. Tusk...

Global stocks mostly slip on continuing global trade worries

Oct. 15, 2018 7:58 AM EDT

TOKYO (AP) — Global stocks mostly slipped Monday as investors continued to worry about global trade and prospects for economic growth. The price of oil rose amid tensions over Saudi Arabia, a major crude exporter. KEEPING SCORE: France's CAC 40 lost 0.2 percent to 5,087, while Britain's FTSE 100 was down...

Asian stocks slip on continuing global trade worries

Oct. 14, 2018 11:34 PM EDT

TOKYO (AP) — Asian stocks slipped Monday, as investor worries continued about global trade tensions and prospects for economic growth. KEEPING SCORE: Japan's benchmark Nikkei 225 dipped 1.2 percent to 22,426.32, while Australia's S&P/ASX 200 slipped nearly 1.1 percent in early trading to 5,832.00....

Can earnings season come to the rescue for stocks?

Oct. 11, 2018 3:29 PM EDT

NEW YORK (AP) — The last time the stock market was falling this much , this fast, earnings season helped come to the rescue. Stocks swooned in March. Then a parade of companies lined up to report profits that were even fatter than Wall Street had forecast, which helped turn momentum and get stocks back on...

The Latest: Southeast Asian leaders affirm free trade goals

Oct. 11, 2018 8:45 AM EDT

NUSA DUA, Indonesia (AP) — The Latest on the IMF-World Bank annual meeting (all times local): 8:40 p.m. Leaders of the Association of Southeast Asian Nations have reaffirmed their commitment to open trading systems that have underpinned their economic growth. The leaders met Thursday in Bali, Indonesia, on...