Economy

Turkey's President Recep Tayyip Erdogan announces plan of action for the first 100 days of his new presidency, in Ankara, Turkey, Friday, Aug. 3, 2018. (AP Photo/Burhan Ozbilici)
August 10, 2018 - 6:18 am
ANKARA, Turkey (AP) — The Latest on Turkey's financial turmoil (all times local): 4:15 p.m. In a bid to ease investor concerns about Turkey's economic policy, the country's finance minister says the government will safeguard the independence of the central bank. Treasury and Finance Minister Berat...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Aug. 10, 2018. Shares were lower in Asia on Friday, tracking losses on Wall Street, despite the release of data showing Japan’s economy resumed its longtime expansion in the last quarter. (AP Photo/Eugene Hoshiko)
August 10, 2018 - 4:36 am
BANGKOK (AP) — World stock markets fell Friday, particularly in Europe, as investors worried about the financial stability of Turkey, where the currency has nosedived. KEEPING SCORE: Germany's DAX fell 1.7 percent to 12,466 and the CAC 40 in France fell 1.2 percent to 5,436. Britain's FTSE 100 sank...
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August 10, 2018 - 2:16 am
BEIJING (AP) — China's auto sales shrank by 5.3 percent in July from a year earlier as SUV demand sagged, adding to signs of economic malaise amid a tariff battle with Washington. The China Association of Automobile Manufacturers, said Friday that drivers in the biggest auto market bought 1.6...
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August 10, 2018 - 1:38 am
LONDON (AP) — Britain's economy accelerated in the second quarter as warmer weather fueled construction and consumer spending after snow and ice curtailed activity in March. The Office for National Statistics said Friday that gross domestic product expanded by a quarterly 0.4 percent in the three...
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Roh Suk-hwan, deputy commissioner of the Korea Customs Service, announces about North Korea coal at the government complex in Daejeon, South Korea, Friday, Aug. 10, 2018. South Korea says a total of 35,000 tons of North Korean coal and pig iron worth $5.8 million illegally entered its ports last year, in possible violations of UN sanctions. (Lee Jin-wook/Yonhap via AP)
August 10, 2018 - 12:52 am
SEOUL, South Korea (AP) — South Korea said a total of 35,000 tons of North Korean coal and pig iron worth $5.8 million illegally entered its ports last year, in possible violations of UN sanctions. Reporting on preliminary results from a 10-month investigation, the Korea Customs Service said Friday...
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August 09, 2018 - 10:34 pm
TOKYO (AP) — Japan reports its economy resumed its longtime expansion in the last quarter as consumers and businesses stepped up spending. The preliminary data released Friday showed that trade weighed slightly on growth. The economy grew at a 1.9 percent annual pace after contracting by 0.6...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Aug. 10, 2018. Shares were lower in Asia on Friday, tracking losses on Wall Street, despite the release of data showing Japan’s economy resumed its longtime expansion in the last quarter. (AP Photo/Eugene Hoshiko)
August 09, 2018 - 10:12 pm
BANGKOK (AP) — Shares were lower in Asia on Friday, tracking losses on Wall Street, despite the release of data showing Japan's economy resumed its longtime expansion in the last quarter. KEEPING SCORE: Japan's Nikkei 225 index lost 0.7 percent 22,444.10 and Hong Kong's Hang Seng gave up 0.5...
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The logo for Rite Aid is displayed above a trading post on the floor of the New York Stock Exchange, Thursday, Aug. 9, 2018. Rite Aid and the grocer Albertsons called off an agreement to become a single company with the deal facing shaky prospects in a shareholder vote.(AP Photo/Richard Drew)
August 09, 2018 - 2:55 pm
Rite Aid shares plunged Thursday as the company headed into an uncertain future after calling off its merger with the grocer Albertsons. Analysts and retail insiders questioned the drugstore chain's prospects after it ended a planned takeover by Albertsons before Rite Aid shareholders could vote on...
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August 09, 2018 - 11:08 am
NIWOT, Colo. (AP) — Colorado-based footwear company Crocs Inc. is closing company-owned manufacturing plants in Italy and Mexico by year's end and replacing its chief financial officer. The company announced the outsourcing of additional manufacturing and the closure of a distribution facility in...
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Turkey's President Recep Tayyip Erdogan announces plan of action for the first 100 days of his new presidency, in Ankara, Turkey, Friday, Aug. 3, 2018. (AP Photo/Burhan Ozbilici)
August 09, 2018 - 7:45 am
ANKARA, Turkey (AP) — Turkey's government says it will outline a "new economic model" on Friday as the national currency hit another record low amid concerns about the president's policies and an ongoing dispute with the U.S. The lira, which has fallen about 30 percent since the start of the year,...
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