Economy

September 30, 2019 - 6:19 pm
TOKYO (AP) — Japan has raised its national sales tax to 10% from 8%, amid concerns that it could derail the tenuous growth of the past several years. Government officials say ample measures have been taken to minimize the impact of the long delayed tax hike, which took effect Tuesday. Previous tax...
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The large portrait of former Chinese leader Mao Zedong is seen on Tiananmen Gate near Tiananmen Square in Beijing, before the start of a parade to mark the 70th anniversary of the founding of the People's Republic of China in Beijing on Tuesday, Oct. 1, 2019. (AP Photo/Ng Han Guan)
September 30, 2019 - 6:16 pm
BEIJING (AP) — China's ruling Communist Party is preparing to celebrate its 70th anniversary in power with a parade showcasing the country's economic growth and newest weapons. Tuesday's event marks the anniversary of the Oct. 1, 1949, announcement of the founding of the People's Republic of China...
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European Commissioner designate for Trade Phil Hogan arrives for his hearing at the European Parliament in Brussels, Monday, Sept. 30, 2019. (AP Photo/Virginia Mayo)
September 30, 2019 - 10:53 am
BRUSSELS (AP) — The Irishman set to take over as the European Union's top trade official says he hopes the United States and the bloc can accelerate trade talks and avoid a tit-for-tat tariff war over Airbus and Boeing. At a hearing by lawmakers Monday assessing his suitability to become next EU...
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FILE - In this Sept. 18, 2019, photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 30. (AP Photo/Mark Lennihan, File)
September 30, 2019 - 7:23 am
NEW YORK (AP) — Stocks moved broadly higher in early trading Monday as investors moved closer to wrapping up a highly volatile quarter in which the market was buffeted by swings in the U.S.-China trade war. Technology stocks led the early gains. Apple rose 1.3%. Product and chipmakers have been...
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European Central Bank President Mario Draghi addresses European Parliament members at the European Parliament in Brussels, Monday, Sept. 23, 2019. (AP Photo/Francisco Seco)
September 30, 2019 - 6:07 am
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says that stimulus measures including negative interest rates will have to stay in place longer if governments do not step up spending to help growth. Draghi was quoted Monday by the Financial Times as saying: "Our policies will...
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September 30, 2019 - 4:09 am
BEIJING (AP) — China warned Monday that possible U.S. moves to limit investment ties would disrupt the global economy following a report the Trump administration might be considering options including removing Chinese companies from American stock exchanges. The foreign ministry appealed to...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Sept. 30, 2019. Shares were mixed in a narrow range in Asia on Monday, with markets in China heading into a national holiday. (AP Photo/Ahn Young-joon)
September 30, 2019 - 12:56 am
BANGKOK (AP) — Shares were mostly lower in Asia after talk of limits on U.S. stock listings by Chinese companies undermined optimism over progress in trade negotiations. Chinese manufacturing data was slightly better than analysts' estimates, but Friday's downbeat mood on Wall Street carried over...
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An anti-government protester makes victory sign next to tires that were set on fire to block a road during a demonstration, in Beirut, Lebanon, Sunday, Sept. 29, 2019. Hundreds of Lebanese are protesting an economic crisis that has worsened over the past two weeks, with a drop in the local currency for the first time in more than two decades. (AP Photo/Bilal Hussein)
September 29, 2019 - 8:10 am
BEIRUT (AP) — Hundreds of Lebanese protested Sunday in the country's capital and other areas over an economic crisis that worsened over the past two weeks, with worries over dollar-reliant Lebanon's local currency losing value for the first time in more than two decades. Lebanon is facing a deep-...
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FILE - In this June 29, 2019, file photo, President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. The Democratic impeachment inquiry may give Trump extra motivation to end his trade war with China, claim credit for a policy victory and divert a little attention from a congressional investigation into his dealings with Ukraine. But the partisan wrangling will complicate Trump's ambitious trade agenda overall, including his push to win congressional approval for a revamped North American trade agreement. (AP Photo/Susan Walsh, File)
September 29, 2019 - 5:59 am
WASHINGTON (AP) — The Democratic impeachment inquiry may do at least one thing for President Donald Trump: It could give him more incentive to resolve his trade war with China. As the political heat rises in Washington, a deal with Beijing would allow Trump to claim a much-needed victory and divert...
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Chinese Commerce Minister Zhong Shan speaks during a press conference on the sidelines of the upcoming 70th anniversary of the Founding of the People's Republic of China in Beijing on Sunday, Sept. 29, 2019. (AP Photo/Ng Han Guan)
September 29, 2019 - 4:50 am
BEIJING (AP) — China says its top trade negotiator will lead an upcoming 13th round of talks aimed at resolving a trade war with the United States. Vice Commerce Minister Wang Shouwen said Sunday that Vice Premier Liu He would travel to Washington for the talks sometime after China's National Day...
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