Latest International trade News

Japan accepts talks with South Korea on WTO arbitration

Sep. 20, 2019 10:03 AM EDT

TOKYO (AP) — Japan announced Friday it will accept South Korea's request for joint talks leading to arbitration by the World Trade Organization after Seoul filed a complaint with the international body over Tokyo's tightening of export controls. Trade minister Isshu Sugawara, however, said Japan's controls...

Cambodia gives garment workers 4.4% minimum wage hike

Sep. 20, 2019 8:05 AM EDT

PHNOM PENH, Cambodia (AP) — Cambodia's government announced Friday that it is raising the minimum wage for the garment industry, the country's biggest export earner, whose workers make up a powerful political bloc. The Ministry of Labor and Vocational Training said starting in January, the minimum wage...

Kentucky unemployment rate rises slightly in August

Sep. 20, 2019 4:19 AM EDT

FRANKFORT, Ky. (AP) — Kentucky officials say the state's unemployment rate rose slightly in August. The Kentucky Center for Statistics says the state's seasonally adjusted jobless rate was 4.4% last month. The preliminary figure is up from the 4.3% rate in July. Last month's rate was unchanged from the...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Bankers expect slow economic growth amid trade war

Sep. 19, 2019 2:49 PM EDT

OMAHA, Neb. (AP) — Bankers in rural parts of 10 Plains and Western states expect slow growth in the months ahead, but the ongoing trade war between the U.S. and China is weighing on the economy. The Rural Mainstreet survey's overall index climbed into positive territory at 50.1 in September from August's...

Weak manufacturing threatens consumer-fueled growth

Sep. 19, 2019 12:37 PM EDT

NEW YORK (AP) — Consumers have supported the economy during its record-setting expansion, but a shrinking manufacturing sector, crushing tariffs and other dangers may bring the good times to an end. Fresh warning bells rang on Wall Street earlier this month after factory output shrank for the first time in...

Huawei debuts phone without Google apps as US sanctions bite

Sep. 19, 2019 12:36 PM EDT

MUNICH (AP) — Huawei launched a new flagship smartphone on Thursday but it comes without popular Google apps such as Chrome or YouTube after U.S. sanctions kicked in, limiting its appeal to consumers. The Chinese tech giant's Mate 30 phone series, including one for new 5G networks, runs on an open source...

France floats tariffs on US goods amid Airbus-Boeing dispute

Sep. 19, 2019 9:14 AM EDT

PARIS (AP) — France's finance minister says Europe is ready to impose retaliatory tariffs next year on U.S. goods as part of a long-running dispute over subsidies to plane makers Airbus and Boeing. Finance Minister Bruno Le Maire told reporters Thursday that "trade wars are good for no one," noting damage...

Wyoming governor approaches Mexico about exporting coal

Sep. 18, 2019 7:09 PM EDT

CHEYENNE, Wyo. (AP) — Wyoming's governor has approached Mexican government officials about the possibility of using their ports to export the state's coal to overseas markets. Consul General Berenice Rendon-Talavera of the Mexico consulate's Denver office and Gov. Mark Gordon's spokesman, Michael Pearlman,...

A divided Fed reduces rates but may not cut again this year

Sep. 18, 2019 6:24 PM EDT

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by...