Economy

A currency trader works near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, Nov. 12, 2018. Asian markets were mostly higher on Monday ahead of key economic data, such as industrial production figures from China and Japan later in the week. (AP Photo/Lee Jin-man)
November 11, 2018 - 10:34 pm
SINGAPORE (AP) — Asian markets were mostly higher on Monday ahead of key economic data, such as industrial production figures from China and Japan later in the week. KEEPING SCORE: Japan's Nikkei 225 added 0.2 percent to 22,284.23. Hong Kong's Hang Seng rose 0.5 percent to 25,716.59. The Shanghai...
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November 11, 2018 - 6:44 pm
Momentum seems to be growing among major oil producers to reduce output in an effort to end a slump in prices. Saudi Arabia's energy minister said Sunday that the kingdom will reduce exports by about 500,000 barrels a day from November to December. Khalid al-Falih made the comment at a meeting of...
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In this Oct. 31, 2018, photo, Chinese investors use computer terminals as they monitor stock prices at a brokerage house in Beijing. China's government is trying to dispel stock market gloom and talk prices back up with promises of tax cuts and a media campaign led by its economic czar. (AP Photo/Mark Schiefelbein)
November 10, 2018 - 7:32 pm
BEIJING (AP) — Lu Yushan, a retired salesman, has advice for investors in China's slumping stock market: Sell. Lu's shares soared over the past decade. But the 65-year-old cashed out this year, driven away by plunging prices, insider trading scandals, a cooling economy and a tariff war with...
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November 09, 2018 - 6:43 pm
HONOLULU (AP) — A major Hawaii printer is closing its commercial printing business and laying off 93 people in part because of tariffs the U.S. slapped on imports of Chinese paper. A news release from Hagadone Corporation Hawaii Holdings says the import duty increased the cost of the company's roll...
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Trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange, Friday, Nov. 9, 2018. Stocks are falling as energy companies are dragged lower by the continuing plunge in crude oil prices. (AP Photo/Richard Drew)
November 09, 2018 - 2:56 pm
NEW YORK (AP) — U.S. stocks are falling Friday as technology and internet companies take steep losses. Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is now trading at its lowest price since March,...
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A Ryanair plane sits on the tarmac at the Bordeaux-Merignac airport in southwestern France, after being impounded by French authorities, Friday, Nov. 9, 2018. Storms, strikes, computer failures _ you can now add "your plane has been seized by the government" to the list of things that can delay your flight. (AP Photo)
November 09, 2018 - 2:25 pm
PARIS (AP) — Storms, strikes, computer failures — you can now add "your plane has been seized by the government" to the list of things that can delay your flight. In France, 149 passengers were preparing to take off for London late Thursday when French authorities ordered their Ryanair Boeing 737...
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FILE- In this Friday, Oct. 26, 2018, file photo trader Robert Moran works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Nov. 9. (AP Photo/Richard Drew, File)
November 09, 2018 - 10:24 am
NEW YORK (AP) — U.S. stocks are falling Friday as energy, technology and internet companies move lower. Crude oil is on track to drop for the tenth day in a row and is trading at its lowest price since March, leading to steep losses for oil companies in recent weeks. Stocks have fallen over the...
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Deputy Premier and Labor Minister Luigi Di Maio talks to reporters during a press conference at the Foreign Press Association headquarters, in Rome, Friday, Nov. 9, 2018. (AP Photo/Andrew Medichini)
November 09, 2018 - 10:19 am
ROME (AP) — The head of one of Italy's ruling parties insisted Friday that the country won't exit the euro currency bloc nor exceed its targeted deficit limit, dismissing the European Union's worries about the populist government's budget strategy. Deputy Premier Luigi Di Maio, who heads the main...
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FILE- In this Sept, 17, 2018, file photo tomatoes go through a washing process at the Los Gatos Tomato Products plant in Huron, Calif. On Friday, Nov. 9, the Labor Department reports on U.S. producer price inflation in October. (AP Photo/Marcio Jose Sanchez, File)
November 09, 2018 - 8:38 am
WASHINGTON (AP) — U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals. The Labor Department says the producer price index — which measures price increases before they reach the consumer — leapt 0.6 percent in October, after a smaller...
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November 09, 2018 - 5:38 am
LONDON (AP) — A spike in consumer spending driven by warm weather and England's surprise advance to the semifinals of the soccer World Cup helped the British economy post its best growth in nearly two years during the third quarter, official figures showed Friday. However, the 0.6 percent quarterly...
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