More eurozone stimulus expected after inflation revised down

LONDON (AP) — Inflation across the 19-country eurozone was revised down for July, official figures showed Monday, bolstering expectations that the European Central Bank will provide another shot of stimulus to the single currency bloc next month. Eurostat said consumer prices across the eurozone were up 1%...

UK inflation edges back above 2% target in July

LONDON (AP) — Official figures show that inflation in Britain has unexpectedly risen back above the Bank of England's target, but with the Brexit date approaching there is little pressure on policymakers at the central bank to raise interest rates. The Office for National Statistics said Wednesday that...

US consumer prices rose 0.3% amid widespread cost increases

WASHINGTON (AP) — U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing. The consumer price index increased 1.8% compared with a year earlier, up from 1.6% in June, the Labor Department said Tuesday. Excluding the volatile food and energy categories, core...

Zimbabwe's children suffer from country's economic crisis

HARARE, Zimbabwe (AP) — It is only a few hours since Zimbabwe's schools closed for month-long August holidays, and 13-year-old Tanyaradzwa is already milling outside a bar "doing business," he says. He hawks cigarettes outside a dingy downtown bar in the capital, Harare, and for a fee, helps motorists find...

US wholesale prices rise just 0.2% in July

WASHINGTON (AP) — U.S. wholesale prices ticked up just 0.2% in July, the latest sign that inflationary pressures are largely in check. The Labor Department said Friday that the producer price index — which measures price changes before they reach the consumer — increased 1.7% last month...

US wholesale prices rise just 0.2% in July, as inflation remains tame

India's central bank cuts lending rate to 5.40%

NEW DELHI (AP) — India's central bank on Wednesday cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy, with consumer spending and corporate investment faltering and the production of capital goods and consumer durables decelerating....

New Zealand cuts benchmark interest rate to lowest-ever 1%

WELLINGTON, New Zealand (AP) — New Zealand's central bank cut its benchmark interest rate to an all-time low of 1% on Wednesday as it forecast tougher economic conditions ahead. The cut of half a percentage point by the Reserve Bank was a surprise, with most economists forecasting a rate cut of 0.25%. Most...

Asian stocks follow Wall Street lower as trade war worsens

BEIJING (AP) — Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy. China's main index lost 2.5% and Tokyo fell 2%. Markets in Hong Kong,...

Fed chief struggles to manage a wild card: Trump trade wars

WASHINGTON (AP) — After the Federal Reserve cut interest rates Wednesday for the first time in a decade, Chairman Jerome Powell made a striking acknowledgement: In the Trump era, the Fed faces a steep learning curve. The Fed is supposed to set interest rates based on gauges of inflation and employment. But...