Latest Economic stimulus News

FILE - Marble sculptures occupy the pediment above the New York Stock Exchange signage, Tuesday Aug. 25, 2020, in New York.  Stocks are drifting in mixed trading on Wall Street Friday, Sept. 18, as another zig-zag week for markets closes out following their abrupt loss of momentum this month.(AP Photo/Bebeto Matthews, File)

US stocks fall as market decline extends for third week

Sep. 18, 2020 5:30 PM EDT

Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly loss. The S&P 500 fell 1.1%, led once again by a sell-off in technology companies, with Apple, Amazon and Alphabet weighing particularly on the market. Technology...

FILE - In this April 19, 2018 file photo, trainees work at Snowtex garment factory in Dhamrai, near Dhaka, Bangladesh. After months of decline in exports of its garment products, Bangladesh’s economy is showing signs of recovery. The Asian Development Bank in a new report said Tuesday, Sept. 15, 2020, the country's economy's comeback was encouraging and it is expected to grow by 6.8 percent in the current fiscal year ending in June if this recovery sustains. (AP Photo/A.M. Ahad, File)

Bangladesh economy shows early signs of pandemic recovery

Sep. 18, 2020 12:42 AM EDT

DHAKA,Bangladesh (AP) — A rebound in garment orders after demand crashed during spring shutdowns is helping to revive the Bangladesh economy. Apparel makers, the country’s main export industry, say they are looking ahead to Christmas orders from the U.S. and other major markets. Remittances from...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Asia slightly higher despite Wall Street slump, virus fears

Sep. 17, 2020 11:33 PM EDT

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1% in...

FILE -- In this Wednesday, Nov. 28, 2018 file photo clouds of smoke are pictured over Europe's largest lignite power plant in Belchatow, central Poland. Government stimulus programs to pull the world out of the coronavirus pandemic offer “a tremendous opportunity” to build a clean-energy economy, former California governor Arnold Schwarzenegger said Thursday, calling on governments not to “invest in the past.

UN chief: don't 'throw away' stimulus money on fossil fuels

Sep. 17, 2020 8:56 AM EDT

VIENNA (AP) — U.N. Secretary-General Antonio Guterres called Thursday on governments not to “throw away” economic stimulus funds by supporting fossil fuel industries that contribute to global warming. Speaking at a virtual conference on climate change, Guterres noted that countries have...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)

Asian stocks retreat on lack of new Fed action

Sep. 16, 2020 11:28 PM EDT

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S&P 500 index...

Indian Prime Minister Narendra Modi addresses the media as he arrives at the Parliament in New Delhi, India, Monday, Sept.14, 2020. Indian lawmakers have returned to Parliament after more than five months even as coronavirus cases continue to surge at the fastest pace than anywhere else in the world. (AP Photo)

India's Modi faces turbulent session as Parliament reopens

Sep. 14, 2020 2:57 AM EDT

NEW DELHI (AP) — After a five-month absence, Indian lawmakers returned to Parliament on Monday with the government's response to the coronavirus pandemic, the nosediving economy and simmering tensions with China setting the stage for a turbulent session. The 18-day session comes as coronavirus infections...

The European Central Bank is seen in Frankfurt, Germany, Thursday, Sept. 10, 2020. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)

European Central Bank expects to use full extent of stimulus

Sep. 10, 2020 2:32 PM EDT

FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde said the bank would “likely” use all of the 1.35 trillion euros ($1.6 trillion) in planned stimulus to support the economy through the pandemic, which has caused a massive recession and is seeing a new rise in contagions....

File - In this Thursday, Sept. 3 2020 file picture the moon shines over the European Central Bank in Frankfurt, Germany. Low inflation, in negative territory for the first time since 2016, is leading analysts to think the ECB will have to add more stimulus to support what could be a drawn-out, difficult recovery from the virus outbreak in the 19 countries that use the euro. (AP Photo/Michael Probst, File)

Falling prices flash warning light for Europe's economy

Sep. 8, 2020 7:10 AM EDT

FRANKFURT, Germany (AP) — A startling fall in consumer prices and a stronger euro have increased pressure on the European Central Bank to provide another blast of monetary stimulus in support of a drawn-out economic rebound from the pandemic recession. A 0.2% annual drop in prices in August in the 19...

A restaurant prepares delivery meal orders during lockdown due to the continuing spread of the coronavirus in Melbourne, Thursday, Aug. 6, 2020. Victoria state, Australia's coronavirus hot spot, announced on Monday that businesses will be closed and scaled down in a bid to curb the spread of the virus. (AP Photo/Andy Brownbill)

The Latest: Australian hot spot extends state of emergency

Sep. 1, 2020 10:57 PM EDT

MELBOURNE, Australia — Australia’s hot spot Victoria state on Wednesday extended its state of emergency for another six months as its weekly average of new COVID-10 infections dipped to 95. The Victorian Parliament’s upper chamber passed legislation by a 20-19 vote to extend the state of...

Britain's Prime Minister Boris Johnson returns to Downing Street after attending a cabinet meeting in London, Tuesday, Sept. 1, 2020. Britain's Parliament resumes Tuesday following the summer break. (AP Photo/Kirsty Wigglesworth)

UK’s Boris Johnson faces rocky autumn as Parliament returns

Sep. 1, 2020 11:03 AM EDT

LONDON (AP) — British lawmakers returned to Parliament on Tuesday after a six-week summer break, with Brexit and the coronavirus pandemic setting the stage for a turbulent fall. Prime Minister Boris Johnson, who is trying to coax British workers back to their offices to boost the economy, held a meeting of...