Economy

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 4, 2019. Asian stocks were mixed Friday after Wall Street rebounded on investor hopes for a U.S. interest rate cut. (AP Photo/Ahn Young-joon)
October 04, 2019 - 4:39 am
BEIJING (AP) — World shares were mixed Friday as investors turn their attention to the monthly U.S. jobs report after a series of gloomy economic news dampened investors’ outlook this week. London and Frankfurt opened higher and Tokyo rose, while Hong Kong declined. Chinese markets were closed for...
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FILE - In this Oct. 14, 2009 file photo an employee of MAN Turbo company works on compressors and turbines at the factory in Oberhausen, western Germany. A German machine engeneering association says that orders for German machinery, an important export, plummeted in August adding to signs of a recession in Europe’s biggest economy. (AP Photo/Martin Meissner, file)
October 04, 2019 - 2:26 am
BERLIN (AP) — An industry association says orders for German machinery, an important export, plummeted in August, adding to signs of a recession in Europe’s biggest economy. The VDMA group said Friday that orders were down 17% compared with a year earlier, with demand from abroad dropping 19% and...
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People wait near the front of a line hundreds of people long for government distributed food and school supplies to some residents of the Cite Soleil slum, in Port-au-Prince, Haiti, Thursday, Oct. 3, 2019. The administration of President Jovenel Moise tried to alleviate Haiti’s economic crunch on Thursday by distributing plates of rice and beans, sacks of rice, and school backpacks filled with four notebooks and two pens. (AP Photo/Rebecca Blackwell)
October 03, 2019 - 12:39 pm
PORT-AU-PRINCE, Haiti (AP) — Marcel Cineus scanned the crowd for hints of a potential customer as people bustled past his wooden stall filled with hundreds of textbooks in the hills of Port-au-Prince. School was supposed to start in early September, and Cineus by now would have sold a couple...
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FILE - This May 6, 2016 file photo shows the logo of the Airbus Group in Suresnes, outside Paris. The World Trade Organization says the United States can impose tariffs on up to $7.5 billion worth of goods from the European Union as retaliation for illegal subsidies to European plane-maker Airbus — a record award from the trade body. (AP Photo/Michel Euler, File)
October 03, 2019 - 11:04 am
PARIS (AP) — The Latest on the U.S. decision to put tariffs on EU goods (all times local): 7:30 p.m. Exporters of French wines and spirits say they rue Washington’s latest decision to impose trade tariffs on European imports. Federation of French Wines and Spirits Exporters President Antoine Leccia...
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In this Sept. 25, 2019, photo a realtor's sign sits outside a house for sale in Jackson, Miss. On Thursday, Oct. 3, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis)
October 03, 2019 - 10:42 am
WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, offering a potential boon to homebuyers amid an uncertain economic outlook. Mortgage rates have been running near historic lows, though average rates for the key 30-year loan showed volatile swings last month. Mortgage buyer...
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Wine bottle are seen in a wine shop in Paris, Thursday, Oct. 3, 2019. The European Union will retaliate against the U.S. decision to slap tariffs on a range of the bloc's exports - from cheese to wine - that are expected to cause job losses, governments and industry groups said Thursday. (AP Photo/Kamil Zihnioglu)
October 03, 2019 - 10:06 am
BRUSSELS (AP) — The trade wars threatening to push the global economy into recession are entering a new phase, with the United States and European Union escalating a dispute that endangers the world’s biggest trade relationship. After the Trump administration slapped steep tariffs on $7.5 billion...
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FILE - In this Nov. 9, 2019, file photo shoppers make their way through the toy isles at a Walmart Supercenter in Houston. The National Retail Federation, the nation’s largest retail trade group, announced on Thursday, Oct. 3, 2019, that it is forecasting that holiday sales will rise between 3.8% and 4.2% even as uncertainty looms over an escalating trade war with China. (AP Photo/David J. Phillip, File)
October 03, 2019 - 9:23 am
NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, forecasts that holiday sales will rise between 3.8% and 4.2% even as uncertainty looms over an escalating trade war with China. The holiday sales forecast, announced Thursday, marks an increase from the...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 3. (AP Photo/Frank Franklin II, File)
October 03, 2019 - 7:38 am
NEW YORK (AP) — U.S. stocks fell for a third straight day on Thursday after yet another disappointing report on the economy stoked fears of a slowdown. The services sector, which makes up the bulk of the U.S. economy, grew at a slower pace in September than economists had forecast. The weak report...
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October 03, 2019 - 1:02 am
COPENHAGEN, Denmark (AP) — Low-cost fashion retailer Hennes & Mauritz AB says its third-quarter profit jumped 25% to 5 billion kronor on strong summer sales as the Swedish group’s recovery is well underway after a strategy shift. The Stockholm-based group says its quarterly sales increased by...
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October 03, 2019 - 1:00 am
PRETORIA, South Africa (AP) — Nigeria’s president is visiting South Africa’s leader after a wave of attacks on foreigners angered many African countries and led to an extraordinary airlift to take hundreds of Nigerians home. Thursday’s meeting between Nigerian President Muhammadu Buhari and South...
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