Economy

Dutch King Willem-Alexander and Queen Maxima salute the coat of arms after arriving in a horse-drawn carriage outside the Knight's Hall in The Hague, Netherlands, Tuesday, Sept. 17, 2019, for a ceremony marking the opening of the parliamentary year with a speech by King Willem-Alexander outlining the government's budget plans for the year ahead. (AP Photo/Peter Dejong)
September 17, 2019 - 10:22 am
THE HAGUE, Netherlands (AP) — The Dutch government said Tuesday it plans to reform a business tax rule that allows wealthy multinationals to reduce the amount of tax they pay on their profits. The government said the plan, which has to be passed by parliament, will generate 265 million euros ($292...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 17, 2019. Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia’s biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. (AP Photo/Ahn Young-joon)
September 17, 2019 - 6:59 am
BANGKOK (AP) — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing...
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FILE - In this Aug. 25, 2019, file photo, U.S President Donald Trump and Japanese Prime Minister Shinzo Abe shake hands following a news conference at the G-7 summit in Biarritz, France to announce that the U.S. and Japan have agreed in principle on a new trade agreement. On Tuesday, Sept. 17, 2019, officials in Japan appear wary over the prospects for a trade deal with the U.S. after President Donald Trump said he was prepared to sign a pact soon. (AP Photo/Andrew Harnik, File)
September 17, 2019 - 2:55 am
TOKYO (AP) — Officials in Japan appeared wary over the prospects for a trade deal with the U.S. after President Donald Trump said he was prepared to sign a pact soon. Japan's chief government spokesman, Yoshihide Suga, said Tuesday that the two sides are still finalizing details after reaching a...
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In this Wednesday, Sept. 11, 2019, photo, a man checks on the robotic arms at a factory making industrial robots in Zhengyu town of Haimen city in east China's Jiangsu province. A Chinese envoy is going to Washington on Wednesday, Sept. 18, to prepare for trade negotiations. The announcement Tuesday, Sept. 17, follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. (Chinatopix via AP)
September 17, 2019 - 1:33 am
BEIJING (AP) — A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations. The announcement Tuesday follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. A deputy...
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President Donald Trump arrives to speak at a campaign rally at the Santa Ana Star Center, Monday, Sept. 16, 2019, in Rio Rancho, N.M. (AP Photo/Evan Vucci)
September 16, 2019 - 11:14 pm
RIO RANCHO, N.M. (AP) — The Latest on President Donald Trump's rally in New Mexico (all times local): 9:05 p.m. President Donald Trump made a pocketbook appeal to New Mexico voters, assuring them at a rally Monday night near Albuquerque that his energy policies have made the state wealthier. Trump...
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This image provided on Sunday, Sept. 15, 2019, by the U.S. government and DigitalGlobe and annotated by the source, shows damage to the infrastructure at Saudi Aramco's Kuirais oil field in Buqyaq, Saudi Arabia. The drone attack Saturday on Saudi Arabia's Abqaiq plant and its Khurais oil field led to the interruption of an estimated 5.7 million barrels of the kingdom's crude oil production per day, equivalent to more than 5% of the world's daily supply. (U.S. government/Digital Globe via AP)
September 16, 2019 - 8:11 pm
WASHINGTON (AP) — The Latest on tensions in the Persian Gulf and the fallout after weekend attack on major oil sites in Saudi Arabia (all times local): 5:10 p.m. Saudi Arabia says its initial investigations indicate that Iranian weapons were used in attacks on key oil installations and it "will...
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Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, Sunday, Sept. 15, 2019. The weekend drone attack in Buqyaq on one of the world's largest crude oil processing plants that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner -- the Saudi government and its ruling family. (AP Photo/Amr Nabil)
Associated Press
September 16, 2019 - 7:34 pm
Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. It was an increase on par with the 1991 Gulf War and analysts said heightened tensions in the Middle East could keep prices elevated...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 16, 2019 - 12:37 pm
WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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John Wilson, with the New York Stock Exchange, monitors stock activity, Monday, Sept. 16, 2019. Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. (AP Photo/Mark Lennihan)
September 16, 2019 - 11:36 am
NEW YORK (AP) — Stock markets around the world took an apprehensive step backward Monday after an attack on Saudi Arabia's biggest oil processing facility sent the price of oil surging. The attack, which Yemeni rebels said they were behind, raised worries about the risk of more disruptions for oil...
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FILE - In this Oct. 18, 2018, file photo Minh Pham works on a compressor unit at a commercial refrigeration manufacturing facility in Philadelphia. Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That’s the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and MetLife. (AP Photo/Matt Rourke, File)
September 16, 2019 - 10:10 am
NEW YORK (AP) — Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That's the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and MetLife. Sixty-three percent of...
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