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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Monday, Jan. 13, 2020. Asian stocks have risen as investors shrug off weaker-than-expected American jobs data and look ahead to the signing of a U.S.-China trade deal. Benchmarks in Shanghai, Hong Kong and Southeast Asia all advanced. (AP Photo/Lee Jin-man)

Global markets subdued ahead of US-China trade pact signing

Jan. 13, 2020 7:33 AM EST

BEIJING (AP) — Global stock markets were subdued Monday ahead of the signing of an interim U.S.-Chinese trade pact and as concerns about U.S.-Iranian tensions eased. Indexes in Europe were mixed after Shanghai, Hong Kong and South Korea finished higher. Japanese markets were closed for a holiday and...

Specialist Gregg Maloney, left, and trader John Panin work on the floor of the New York Stock Exchange, Friday, Dec. 13, 2019. After months of waiting, markets had a muted reaction to news Friday that the US and China had reached an initial deal on trade. (AP Photo/Richard Drew)

Markets have muted reaction to long-awaited China trade deal

Dec. 13, 2019 5:32 PM EST

Wall Street closed out a listless day Friday with tiny gains and more record highs for the S&P 500 and Nasdaq. The U.S. and China revealed they have reached an initial deal in their long-running trade war. The “Phase 1” agreement means that the U.S. won't impose new tariffs on Chinese goods that...

FILE - In this Thursday, Jan. 17, 2019 file photo, Shane Bedasee, left, and Ozzie Ibrahim, right, work preparing soap at the Clarity-The Soap Co. premises in London. The U.K. election result means Britain's departure from the European Union will almost certainly happen - after multiple delays - on Jan. 31, as scheduled. But for companies that have had to plan for all sorts of potentially chaotic outcomes to Brexit, even just a little clarity is a breath of fresh air.
“The idea that the situation with Brexit is going to be resolved is good for business,” said Andy Zneimer, who handles communications for a small soap business in east London called Clarity-The Soap Co. (AP Photo/Kirsty Wigglesworth, file)

UK vote eases corrosive uncertainty hurting businesses

Dec. 13, 2019 11:42 AM EST

LONDON (AP) — British businesses that have been hobbled for three years by fear and confusion over Brexit are getting a break. The U.K. election result means Britain's departure from the European Union will almost certainly happen — after multiple delays — on Jan. 31, as scheduled. It remains...

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Dec. 13, 2019. Shares likewise jumped Friday in Asia following fresh all-time highs overnight on Wall Street spurred by optimism that the U.S. and China are close to reaching a deal to end their costly trade war. (AP Photo/Eugene Hoshiko)

Pound and stocks jump on UK election, talk of US-China deal

Dec. 13, 2019 6:55 AM EST

BANGKOK (AP) — Stock markets and the British pound rose Friday after Britain's Conservative Party claimed a big win in the country's general election, easing uncertainty over Brexit, and amid talk of a China-U.S. trade deal. The British pound jumped to $1.3470 from $1.3150 late Thursday but then eased back...

FILE - In this Dec. 5, 2019, file photo, trader Gregory Rowe, left, and specialist Michael Pistillo work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 12. (AP Photo/Richard Drew, File)

Pound jumps on expected Tory win; trade talk lifts shares

Dec. 12, 2019 11:15 PM EST

BANGKOK (AP) — The British pound surged early Friday as exit polls indicated a resounding election victory for Prime Minister Boris Johnson's Conservative Party, as talk of a China-U.S. trade deal buoyed share prices in Asia. The British pound strengthened to $1.3468 from $1.3385 late Thursday as...