Latest Government securities News

EU rejects Italy's budget, raising stakes in dispute

Oct. 23, 2018 4:41 PM EDT

BRUSSELS (AP) — The European Union set up a high-stakes battle with Italy, one of the bloc's biggest economies, over who has final control over a member state's budget after the executive Commission took the unprecedented step of ordering the country to revise its public spending plans. In a move that...

New Puerto Rico fiscal plan OK'd; governor says too austere

Oct. 23, 2018 2:38 PM EDT

SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico's finances approved a five-year fiscal plan on Tuesday, but the government immediately said it would challenge the decision and the board itself. The economic blueprint aims to help pull the U.S. territory out of an economic...

Board urges Puerto Rico to implement tax, labor reforms

Oct. 22, 2018 6:34 PM EDT

SAN JUAN, Puerto Rico (AP) — The executive director of a federal control board overseeing Puerto Rico's finances said Monday that the island is likely to receive $20 billion more than initially estimated in federal relief as it rebuilds from Hurricane Maria. Overall, Puerto Rico is slated to receive $82...

US stocks wobble at the end of another shaky week of trading

Oct. 19, 2018 7:10 PM EDT

NEW YORK (AP) — U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued to sell former favorites like retailers. Household goods makers rose again as a week of choppy trading concluded. Stocks surged in early trading after better-than-expected reports from...

Markets Right Now: US stock indexes end a bumpy week mixed

Oct. 19, 2018 4:07 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. U.S. stocks gave up an early rally and struggled to another mixed finish as investors continued sell former favorites like retailers. Homebuilders also fell sharply Friday after a realtors' group reported that home...

The Latest: EU official tries to calm Italian budget dispute

Oct. 19, 2018 10:53 AM EDT

MILAN (AP) — The Latest on Italy's spat with the European Union over its budget (all times local): 4:50 p.m. The EU's budget chief says that the European Commission won't interfere with Italy's economic policies and called for disagreements over the draft budget to be resolved in an "intelligent and serene...

Italian markets hit by concerns over budget spat

Oct. 19, 2018 5:56 AM EDT

MILAN (AP) — Italy's financial markets are shaken following the European Union's stinging rebuke of the new populist government's budget bill, which pushes the deficit far beyond previously agreed levels. Italy's government borrowing rose, with the yield on the benchmark 10-year bond on Friday hitting its...

Asian stocks tumble after Wall Street skids, China slows

Oct. 18, 2018 11:52 PM EDT

BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed. KEEPING SCORE: Tokyo's Nikkei 225 index fell 1.1 percent to 22,411.33 and Seoul's Kospi shed 0.3 percent to 2,141.06. The Shanghai Composite Index was flat...

Asian markets mixed on strong Chinese trade data

Oct. 11, 2018 11:57 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs. KEEPING SCORE: Japan's benchmark Nikkei 225 racked up more losses after falling almost 4 percent in the previous day. The index...

Higher rates: Sign of economic strength or a risk? Try both

Oct. 11, 2018 5:03 PM EDT

WASHINGTON (AP) — This week's dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultra-low interest rates to fuel growth. Borrowing costs are rising for companies, homebuyers and the U.S. government — all of which could eventually...