Latest Government securities News

Malaysia says Goldman Sachs must pay, apology not enough

Jan. 18, 2019 3:32 AM EST

PUTRAYAJAYA, Malaysia (AP) — Malaysia's Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation. Goldman CEO David Solomon...

Chinese stocks rise on hopes for US trade progress

Jan. 18, 2019 12:15 AM EST

BEIJING (AP) — Chinese stocks rose Friday on signs of possible progress in negotiations over Beijing's tariff war with Washington. KEEPING SCORE: The Shanghai Composite Index advanced 0.8 percent to 2,579.76 and Hong Kong's Hang Seng gained 1 percent to 27,013.20. Tokyo's Nikkei 225 added 1.2 percent to...

Judge opens hearing on major Puerto Rico debt restructuring

Jan. 16, 2019 4:29 PM EST

SAN JUAN, Puerto Rico (AP) — A court hearing on a major restructuring of Puerto Rico's mammoth debt opened Wednesday, with protesters warning the deal would further indebt the U.S. territory and supporters arguing it would secure funds urgently needed by the government. The hearing involves more than $17...

Markets Right Now: Banks lead stock gains on Wall Street

Jan. 16, 2019 4:07 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Strong earnings from several big banks powered more gains on Wall Street, with Goldman Sachs and Bank of America leading the way. Goldman Sachs jumped 9.5 percent Wednesday, its biggest gain in 10 years, after the...

Going public? For Uber, Lyft and others, shutdown slows IPOs

Jan. 15, 2019 2:23 PM EST

WASHINGTON (AP) — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government...

At Trump's side, Border Patrol union leader in spotlight

Jan. 15, 2019 7:20 AM EST

WASHINGTON (AP) — Brandon Judd, president of the union that represents thousands of border patrol agents, has flipped the axiom that there are no winners in a government shutdown. His proximity to President Donald Trump has elevated the union leader's profile while burnishing the image of the U.S. Border...

Zimbabwe president doubles price of gas as fuel crisis bites

Jan. 13, 2019 8:32 AM EST

HARARE, Zimbabwe (AP) — Zimbabwe's president has more than doubled the price of gasoline, hoping the increase will end severe shortages that are fueling public anger even as he departs on a foreign trip to Russia and other countries in search of investment. In a press conference Saturday night, President...

Industrials lead US stocks higher again; Macy's nosedives

Jan. 10, 2019 5:52 PM EST

NEW YORK (AP) — A day of back-and-forth trading Thursday ended with the fifth gain in a row for U.S. stocks. Industrial companies like Boeing and General Electric rose while retailers fell as Macy's suffered its biggest loss of all time. Stocks struggled in the early going and the Dow Jones Industrial...

Asian markets settle after rallying on US-China trade hopes

Jan. 9, 2019 11:18 PM EST

SINGAPORE (AP) — Asian markets were mostly lower Thursday as U.S. and Chinese officials wrapped up three days of talks in Beijing without significant breakthroughs. KEEPING SCORE: Japan's Nikkei 225 index, which closed up 1.1 percent on Wednesday, retreated 1.4 percent to 20,141.93. The Kospi in South...

Asian shares mixed amid silence on China-US trade talks

Jan. 7, 2019 11:38 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Tuesday as officials kept silent on talks in Beijing aimed at resolving trade tensions with the U.S. KEEPING SCORE: Japan's Nikkei 225 index gained 1.1 percent to 20,251.42 and the Hang Seng in Hong Kong added 0.3 percent to 25,905.82. Australia's S&P ASX 200...