Latest Financial markets News

India curbs sugar exports to ensure supply, stabilize price

May. 25, 2022 02:58 AM EDT

NEW DELHI (AP) — India is restricting its sugar exports to 10 million tons in the current season to help maintain domestic availability and keep prices stable. The decision follows a similar measure for wheat and comes amid signs of tightening world supplies. India...

US to end Russia's ability to pay international investors

May. 25, 2022 02:38 AM EDT

WASHINGTON (AP) — The U.S. will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable. The Treasury Department said in a...

Sri Lanka's prime minister tackles thorny finances, economy

May. 25, 2022 02:18 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka’s new Prime Minister Ranil Wickremesinghe has been sworn in as finance minister as this Indian ocean island nation confronts its worst economic crisis in memory. President Gotabaya Rajapaksa named Wickremesinghe minister of Finance, Economic...

Asian stock markets higher after Wall St sinks further

May. 25, 2022 01:55 AM EDT

BEIJING (AP) — Asian stock markets gained Wednesday after Wall Street sank on weak U.S. housing sales and a profit warning by a prominent social media brand. Shanghai, Hong Kong and Seoul advanced while Tokyo declined. Oil prices rose more than $1 per barrel to stay above $110. ...

In Cuba, caution and confusion meet eased US sanctions

May. 25, 2022 00:52 AM EDT

HAVANA (AP) — Marylín Álvarez seemed to be just the sort of person that eased American sanctions on Cuba were meant to help. With the aid of money sent by a cousin living in the United States, she began transforming the entrance to her ground-floor apartment into a tiny cafe...

Japan's weaker yen a blessing to some, burden for others

May. 24, 2022 23:59 PM EDT

TOKYO (AP) — The Japanese yen has weakened, trading in recent weeks at 20-year lows of 130 yen to the U.S. dollar just when prices of oil and other goods are surging partly due to the war in Ukraine. The yen's value against the U.S. dollar and other currencies has fallen mainly...

Asian stock markets mixed after Wall St sinks further

May. 24, 2022 23:50 PM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street sank on weak U.S. housing sales and a profit warning by a prominent social media brand. Shanghai and Seoul advanced while Tokyo and Hong Kong declined. Oil prices rose more than $1 per barrel to stay above...

How major US stock indexes fared Tuesday

May. 24, 2022 16:34 PM EDT

A slump in several big companies weighed down the stock market Tuesday, leaving most major indexes lower. The S&P 500 index fell, as did the Nasdaq composite, which is heavily weighted with technology companies. Gains for McDonald’s and UnitedHealth helped push the Dow Jones...

SC budget negotiators have almost $1B more to talk about

May. 24, 2022 16:08 PM EDT

COLUMBIA, S.C. (AP) — The South Carolina lawmakers negotiating big gap s between the House and Senate versions of the state budget received a big gift Tuesday as the state's economy continued to do better than predicted. South Carolina can now expect to have about $950 million more...

Closing prices for crude oil, gold and other commodities

May. 24, 2022 15:16 PM EDT

Benchmark U.S. crude oil for July delivery fell 52 cents to $109.77 a barrel Tuesday. Brent crude for July delivery rose 14 cents to $113.56 a barrel. Wholesale gasoline for June delivery rose 1 cent to $3.81 a gallon. June heating oil rose 1 cent to $3.78 a gallon. June natural gas...