Financial markets

Malaysian Prime Minister Mahathir Mohamad, center, speaks to Chinese President Xi Jinping (not pictured) during their meeting at Diaoyutai State Guesthouse in Beijing, Monday, Aug. 20, 2018. (Roman Pilipey/Pool Photo via AP)
August 21, 2018 - 5:47 am
BEIJING (AP) — Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren't needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister Mahathir Mohamad told reporters on the final day of a visit to Beijing on Tuesday. Mahathir...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Aug. 21, 2018, in Tokyo. Asian shares are mixed amid doubts on the prospects for resolving the trade dispute between the U.S. and China. (AP Photo/Eugene Hoshiko)
August 21, 2018 - 5:16 am
TOKYO (AP) — Global shares were mostly higher in subdued trading Tuesday, tracking gains in Asia despite doubts over the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: France's CAC 40 climbed 0.5 percent to 5,406.69 and Germany's DAX added 0.5 percent at 12,388...
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FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Aug. 20, 2018. (AP Photo/Mark Lennihan, File)
August 20, 2018 - 10:59 pm
TOKYO (AP) — Asian shares were mixed Tuesday amid doubts on the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped nearly 0.2 percent in morning trading to 22,158.35, while Australia's S&P/ASX 200 lost 0.9 percent to 6,290...
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A man falls asleep while sitting on a bench, in Caracas, Venezuela, Monday, Aug. 20, 2018. Venezuelans are bracing for dramatic economic measures the government has announced, including a more-than-3,000 percent hike in the minimum wage. The changes start to take effect Monday with introduction of a new currency that lops five zeros off the country's fast-depreciating bills. (AP Photo/Ariana Cubillos)
August 20, 2018 - 5:25 pm
CARACAS, Venezuela (AP) — Saul Jimenez just wanted to buy bread from his neighborhood bakery in Venezuela's capital on Monday. It did not go well. Banks and most other businesses were closed for the day as Venezuela launched a series of dramatic economic reforms, beginning with the release of a...
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The damage to a security booth by a shot fired, is seen outside the U.S. Embassy in Ankara, Turkey, Monday, Aug. 20, 2018. Shots were fired at a security booth outside the embassy in Turkey's capital early Monday, but U.S. officials said no one was hurt. Ties between Ankara and Washington have been strained over the case of an imprisoned American pastor, leading the U.S. to impose sanctions, and increased tariffs that sent the Turkish lira tumbling last week. (AP Photo/Burhan Ozbilici)
August 20, 2018 - 2:59 pm
ISTANBUL (AP) — Shots were fired from a moving car at the U.S. Embassy in Turkey before dawn Monday, an attack that came during heightened tensions between the two NATO allies. Officials said two people with criminal records were detained. There were no casualties in the fleeting attack, in which...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, Aug. 20, 2018. Asian stocks are mostly higher Monday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. (AP Photo/Vincent Yu)
August 20, 2018 - 5:33 am
TOKYO (AP) — Global stocks were mostly higher Monday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported the countries hope to have a resolution by November. KEEPING SCORE: France's CAC 40 edged up nearly 0.6 percent in...
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A butcher pushes beef ribs to sell at Las Pulgas market in Maracaibo, Venezuela, Sunday, Aug. 19, 2018. Venezuelans are bracing for a 3,000 percent hike in the minimum wage on Monday, leaving one butcher contemplating firing some of his six employees just to stay in business, and the introduction of a new currency that lops five zeros off the country’s fast-depreciating bills. (AP Photo/Fernando Llano)
August 19, 2018 - 3:20 pm
CARACAS, Venezuela (AP) — Residents across Venezuela's capital spent a nervous weekend bracing for dramatic measures that President Nicolas Maduro has announced to rescue a downward-spiraling economy, including a more-than-3,000 percent hike in the minimum wage. The changes start to kick in Monday...
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Nurses holds a sign with a fake Venezuelan's bills, representing how low their salaries have been devalued by inflation, during a protests against the government of President Nicolas Maduro, in Caracas, Venezuela, Thursday, Aug. 16, 2018. The government is lopping off five zeroes from the "Strong Bolivar," which will remain legal tender, in a bid to tame inflation the IMF estimates will reach 1,000,000 percent this year. But economists see it as a Band-Aid solution more likely to freeze up the payment system than address Venezuela's economic problems. (AP Photo/Ariana Cubillos)
August 17, 2018 - 10:49 pm
CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement...
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People walk past a currency exchange shop in Istanbul, Friday, Aug. 17, 2018. Turkey's lira currency fell once again, as Turkey and the United States exchanged new threats of sanctions Friday, keeping alive a diplomatic and financial crisis. (AP Photo/Lefteris Pitarakis)
August 17, 2018 - 6:58 pm
ANKARA, Turkey (AP) — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties...
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FILE - In this Jan. 23, 2018 file photo, Venezuelan citizens stand in a line outside of Foreign Ministry office in Lima, Peru. Peru announced on Friday, Aug. 17, that all Venezuelan citizens that want to travel to Peru will need a passport to do so. (AP Photo/Martin Mejia, File)
August 17, 2018 - 6:24 pm
LIMA, Peru (AP) — Two South American nations are stiffening entry requirements for the flood of Venezuelans fleeing their nation's economic and humanitarian crisis, a move that could make their plight even more arduous. Authorities in Peru announced Friday that they will follow Ecuador's recent...
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