Economy

May 12, 2019 - 11:48 pm
BANGKOK (AP) — Shares were mostly lower in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement. Shares dropped more than 1% in Shanghai, to 2,909.60. Japan's Nikkei 225 index lost 0.5% to 21,237.71 and the S&P ASX 200 declined 0.3% to 6,289.70...
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Former Finance Minister Ingrida Simonyte, a presidential candidate, speaks to the media at a polling station in presidential elections in Vilnius, Lithuania, Sunday, May 12, 2019. Voters are going to the polls to elect a president to succeed Dalia Grybauskaite, who has completed her maximum two terms in office. (AP Photo/Mindaugas Kulbis)
May 12, 2019 - 6:56 pm
VILNIUS, Lithuania (AP) — A prominent economist and a former finance minister held the top two spots in returns from Lithuania's presidential election Sunday and appeared headed to a runoff ballot later this month to choose a successor to incumbent Dalia Grybauskaite. With 1,631 of the country's 1,...
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May 12, 2019 - 3:37 pm
ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms. Pakistan and the international lender reached a "staff level agreement" subject to approval by the...
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President Donald Trump speaks during a event on medical billing, in the Roosevelt Room of the White House, Thursday, May 9, 2019, in Washington. (AP Photo/Evan Vucci)
May 11, 2019 - 11:30 am
STERLING, Va. (AP) — President Donald Trump is taking jabs at Democrats for pursuing the Russia probe. Before heading to his golf club in Virginia, he re-tweeted 60 comments siding with him on that and other issues. He mused on rocky trade talks with China. And showed displeasure at efforts to get...
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In this May 8, 2019, photo, President Donald Trump speaks at a rally in Panama City Beach, Fla. Trump’s combative approach to trade has been one of the main constants among his often-shifting political views. He’s showing no signs of backing off now even as the stakes intensify with the threat of a full-blown trade war between the world’s two biggest economies. (AP Photo/Evan Vucci)
May 11, 2019 - 10:00 am
WASHINGTON (AP) — President Donald Trump's combative approach to trade has been one of the main constants among his often-shifting political views. And he's showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world's two biggest...
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Treasury Secretary Steve Mnuchin, center, and United States Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, Friday, May 10, 2019. (AP Photo/Andrew Harnik)
May 11, 2019 - 8:17 am
BEIJING (AP) — China's leading envoy to trade talks in Washington says the failure to strike a deal in the tariffs war with the U.S. was "just a small setback" and negotiations will continue despite increases in import duties on American imports from China. In comments to reporters before he left...
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A worker walks near truck trailers and cargo containers, Friday, May 10, 2019, at the Port of Tacoma in Tacoma, Wash. U.S. and Chinese negotiators resumed trade talks Friday under increasing pressure after President Donald Trump raised tariffs on $200 billion in Chinese goods and Beijing promised to retaliate. (AP Photo/Ted S. Warren)
May 11, 2019 - 6:36 am
WASHINGTON (AP) — The Latest on the tariffs standoff between the United States and China (all times local): 6:40 a.m. Chinese Vice Premier Liu He says trade talks with the United States have not broken down. Hong Kong's Phoenix TV on Saturday showed Liu telling reporters that the failure to reach...
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Treasury Secretary Steve Mnuchin, second from left, and United States Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, Friday, May 10, 2019. (AP Photo/Andrew Harnik)
May 10, 2019 - 11:08 pm
WASHINGTON (AP) — Trade talks between the U.S. and China broke up Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports. Trump asserted on Twitter that there was "no need to rush" to get a deal between the world's two biggest...
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FILE - In this April 17, 2019 file photo, people wait in line to buy chicken at a government-run grocery store in Havana, Cuba. The Cuban government said Friday, May 10, that it will begin widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. (AP Photo/Ramon Espinosa, File)
May 10, 2019 - 10:41 pm
HAVANA (AP) — The Cuban government announced Friday that it is launching widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. Commerce Minister Betsy Díaz Velázquez told the state-run Cuban News Agency that various forms of...
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May 10, 2019 - 6:24 pm
GILLETTE, Wyo. (AP) — The nation's third-largest coal company by production volume filed for bankruptcy Friday as utility companies increasingly turn to gas-fired generation and renewable energy for electricity. Gillette-based Cloud Peak Energy filed for Chapter 11 reorganization in U.S. Bankruptcy...
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