Economy

China's Foreign Minister Wang Yi speaks during a joint press conference of the Co-Chairs Special ASEAN-China Foreign Ministers' meeting on the Novel Coronavirus Pneumonia in Vientiane, Laos, Thursday, Feb. 20, 2020. (AP Photo/Sakchai Lalit)
February 20, 2020 - 7:44 am
VIENTIANE, Laos (AP) — Southeast Asia’s top diplomats praised China's handling of the virus outbreak and pledged Thursday to help fight the disease that emerged in a central Chinese city and spread in the region and around the world. Chinese Foreign Minister Wang Yi highlighted the unprecedented...
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FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)
February 20, 2020 - 1:53 am
TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, with the Shanghai benchmark jumping nearly 2% after China's central bank cut interest rates to help ease credit for companies stricken by the virus outbreak centered on the city of Wuhan. Japan's benchmark...
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Grounded Boeing 737 MAX airplanes fill a parking area adjacent to Boeing Field, Wednesday, Feb. 19, 2020, in Seattle. Washington state lawmakers say they will introduce bills, at The Boeing Co.'s request, to suspend the aerospace giant's preferential business and occupation tax rate until the United States and European Union resolve their long-running international trade dispute. (AP Photo/Elaine Thompson)
February 19, 2020 - 6:47 pm
OLYMPIA, Wash. (AP) — Washington state lawmakersintroduced bills Wednesday,at The Boeing Co.’s request, to suspend the aerospace giant's preferential business and occupation tax rate unless the United States and European Union reach an agreement on their long-running international trade dispute...
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FILE - In this June 11, 2018, file photo, flames consume trees during a burnout operation that was performed south of County Road 202 near Durango, Colo. A report by the U.S. Geological Survey shows investments made to reduce the risk of wildfire in forested areas are paying dividends when it comes to creating jobs and infusing money in local economies. The study focused on several counties along the New Mexico-Colorado border that make up the watershed of the Rio Grande. (Jerry McBride/The Durango Herald via AP, File)
February 19, 2020 - 5:21 pm
ALBUQUERQUE, N.M. (AP) — Projects to reduce the risk of wildfires and protect water sources in the U.S. West have created jobs and infused more money in local economies, researchers say, and they were funded by a partnership between governments and businesses that has become a model in other...
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FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)
February 19, 2020 - 3:46 pm
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed...
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FILE - In this Sept. 3, 2019, file photo a for sale sign, left, rests in front of a newly constructed home, in Norwood, Mass. On Wednesday, Feb. 19, 2020, the Commerce Department reports on U.S. home construction in January. (AP Photo/Steven Senne, File)
February 19, 2020 - 11:56 am
WASHINGTON (AP) — Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years. The Commerce Department reported Wednesday that builders started construction on 1.57 million homes at a seasonally adjusted annual...
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A family talk with journalists while waiting to leave the sanatorium after their quarantine period has ended in Bogandinsky in the Tyumen region, about 2150 kilometers (1344 miles) east of Moscow, Russia, Wednesday, Feb. 19, 2020. On Wednesday, 144 people who were evacuated from the epicenter of the CONVID-19 coronavirus outbreak in Wuhan, China, were released from a 14-day quarantine in western Siberia. None of them tested positive for the virus. (AP Photo/Maxim Slutsky)
February 19, 2020 - 11:55 am
MOSCOW (AP) — Russia's entry ban for Chinese nationals will be partial and only affect those who travel with tourist, private, student and work visas, the country's Foreign Ministry said Wednesday, clarifying the conditions of a sweeping entry ban for Chinese citizens announced the day before...
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FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)
February 19, 2020 - 9:44 am
NEW YORK (AP) — THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below: Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China. France's CAC 40 rose 0.6% to 6,093, while Germany's DAX gained 0.5% to 13,745...
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FILE - In this Feb. 5, 2020, file photo workers sort through tomatoes after they are washed before being inspected and packed, in Florida City, Fla. On Wednesday, Feb. 19, the Labor Department releases the Producer Price Index for January. (AP Photo/Wilfredo Lee, File)
February 19, 2020 - 9:04 am
WASHINGTON (AP) — U.S. producer prices climbed last month at fastest pace since October 2018 as higher prices for services more than offset a drop in the cost of energy. The Labor Department said Wednesday that its producer price index, which measures inflationary pressures before they reach the...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 19, 2020. Asian shares are mostly rising despite continuing fears about an outbreak of a new virus that began in China, which sent regional indexes mostly lower recently. (AP Photo/Kin Cheung)
February 19, 2020 - 8:08 am
TOKYO (AP) — Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China. France's CAC 40 rose 0.6% to 6,093, while Germany's DAX gained 0.5% to 13,745. Britain's FTSE 100 gained 0.7% to 7,433. U.S. shares were set to drift...
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