Latest Business News

Asian shares gain, Shanghai up 2.4%, on Fed rate cut talk

Jun. 20, 2019 4:00 AM EDT

BANGKOK (AP) — Asian shares are higher with the Shanghai benchmark up 2.4% on hopes that a meeting between President Donald Trump and his counterpart Xi Jinping next week might help ease trade tensions. The Thursday tracked modest gains on Wall Street. Tokyo's Nikkei 225 index added 0.6% to 21,462.86 while...

1 in 6 ER visits or hospital stays triggers 'surprise' bill

Jun. 20, 2019 3:19 AM EDT

WASHINGTON (AP) — Roughly one in every six times someone is taken to an emergency room or checks in to the hospital, the treatment is followed by a "surprise" medical bill, according to a study released Thursday. And depending on where you live, the odds can be much higher. The report from the nonpartisan...

Climate of guilt: Flying no longer the high road for some

Jun. 20, 2019 3:06 AM EDT

NYKOPING, Sweden (AP) — School's out for summer and Swedish lawyer Pia Bjorstrand, her husband and their two sons are shouldering backpacks, ready to board the first of many trains on a whistle-stop vacation around northern Europe. The family is part of a small but growing movement in Europe and North...

Kiichiro Sato, Foster Klug named to leadership posts in Asia

Jun. 20, 2019 2:57 AM EDT

BANGKOK (AP) — The Associated Press is bolstering its coverage of Asia by naming an experienced photo editor and a seasoned foreign correspondent to key leadership posts in Tokyo. Kiichiro Sato has been named deputy news director for storytelling and photography, rounding out a leadership team directing...

Waymo teams up with Renault, Nissan on robotaxis outside US

Jun. 20, 2019 2:17 AM EDT

SAN FRANCISCO (AP) — Self-driving car pioneer Waymo is teaming up with automakers Renault and Nissan to make its first journey outside the U.S. with a ride-hailing service that will dispatch a fleet of robotaxis in France and Japan. The partnership announced late Wednesday underscores Waymo's ambition to...

Oil shippers boost security after mysterious attacks in Gulf

Jun. 20, 2019 2:12 AM EDT

DUBAI, United Arab Emirates (AP) — A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran — and raised fears over the safety of one of Asia's most vital energy trade routes, where about a fifth of the world's oil passes through its narrowest at...

Bank of England set to keep rates on hold over Brexit unease

Jun. 20, 2019 1:02 AM EDT

LONDON (AP) — The Bank of England is expected to keep interest rates on hold Thursday but indicate a possible increase later this year despite uncertainty over Brexit. The rate-setting Monetary Policy Committee is tipped to keep its key rate at 0.75%. Most interest will center on how many on the 9-member...

Supreme Court will not review Washington state tobacco case

Jun. 20, 2019 12:53 AM EDT

YAKIMA, Wash. (AP) — The U.S. Supreme Court has denied a request for further review of a Washington state tobacco company's tax appeal. The Yakima Herald reported Wednesday that cigarette manufacturer King Mountain Tobacco must pay $58 million in federal excise taxes. The Supreme Court released its...

Asian shares gain, Shanghai up 2.6%, on Fed rate cut talk

Jun. 20, 2019 12:43 AM EDT

BANGKOK (AP) — Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it's prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats. The Thursday tracked modest gains on Wall Street. The 10-year...

Alaska Congress members ask to tap relief funds for seafood

Jun. 20, 2019 12:30 AM EDT

ANCHORAGE, Alaska (AP) — Alaska's congressional delegation says the state's fishermen and seafood processors should be included in a federal trade war relief package. The Anchorage Daily News reported Wednesday that lawmakers have asked the Trump administration to give its seafood industry access to $15...