Latest Economic policy News

Brazil Congress passes landmark overhaul of pension system

Oct. 22, 2019 8:16 PM EDT

SAO PAULO (AP) — The Senate gave final congressional approval Tuesday to an overhaul of Brazil's pension system, capping years of stalled efforts to sway public opinion and rein in unsustainable government spending on retirement. The Senate voted 60-19 to adopt changes for civil servants and private-sector...

US inquiry into Mexican steel concrete reinforcing bars

Oct. 22, 2019 6:17 PM EDT

WASHINGTON (AP) — The Trump administration has begun an inquiry into whether Mexican-made rebar imported into the United States is being altered to avoid antidumping duties. The U.S. Commerce Department says it opened the investigation at the request of U.S. domestic producers of the steel reinforcing bars...

World shares rise after upbeat talk on China-US trade

Oct. 22, 2019 7:55 AM EDT

BANGKOK (AP) — Global stock markets were rising Tuesday, spurred by upbeat talk from President Donald Trump and other U.S. officials on the status of trade negotiations with China. Investors were heartened by Trump's comment to reporters Monday that he hopes to sign a trade deal with China next month at a...

Asian stocks climb, lifted by upbeat talk on China-US trade

Oct. 22, 2019 12:54 AM EDT

BANGKOK (AP) — Shares are gaining in Asia after upbeat comments from President Donald Trump and other U.S. officials on the status of trade negotiations with China. The Kospi in South Korea led gains, jumping 1.3% to 2,090.88, thanks to gains in technology companies overnight on Wall Street. Australia's...

Venezuelans buy gas with cigarettes to battle inflation

Oct. 22, 2019 12:02 AM EDT

CARACAS, Venezuela (AP) — Motorists in socialist Venezuela have long enjoyed the world's cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a...

Pence spars with Biden over administration's trade record

Oct. 21, 2019 8:45 PM EDT

DURYEA, Pa. (AP) — Vice President Mike Pence headed to the presidential battleground of Pennsylvania on Monday to tout a pending trade agreement with Mexico and Canada, and in the process sparred with Joe Biden over the Trump administration's record on trade. Pence visited a high-tech glass maker near...

Pence spars with Biden over administration's trade record

Oct. 21, 2019 6:21 PM EDT

DURYEA, Pa. (AP) — Vice President Mike Pence is sparring with Democratic presidential candidate Joe Biden over the Trump administration's trade record. Pence visited a high-tech glass factory near Scranton on Monday and called on Democrats in Congress to allow a vote on a pending trade deal with Mexico and...

California relishes role as liberal trendsetter, Trump foe

Oct. 20, 2019 12:54 PM EDT

SACRAMENTO, Calif. (AP) — The Democrats who rule California took on homegrown tech giants Uber and Lyft over their workforces, convinced some of the world's biggest automakers to buck the president on fuel emissions and passed a law that could change college sports nationwide. On issues big and small...

Finance officials pledge to combat global economic slowdown

Oct. 19, 2019 3:42 PM EDT

WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown. The policy-setting...

IMF, World Bank leaders appeal for an end to trade wars

Oct. 18, 2019 3:06 PM EDT

WASHINGTON (AP) — The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries on Friday to resolve widening disagreements on trade and other issues, warning that the divisions threaten to worsen the impact of a global slowdown. The IMF's managing director,...