Economy

December 09, 2019 - 11:32 am
RIYADH, Saudi Arabia (AP) — Saudi Arabia will reduce spending in 2020 as the budget deficit widens to $49 billion amid sluggish oil prices and deeper curbs on oil production by the heavyweight producer. King Salman announced Monday expenditures will reach $272 billion next year, a nearly 8%...
Read More
FILE - In this April 7, 2016, file photo Federal Reserve chair Janet Yellen, left, and former Federal Reserve chairs Ben Bernanke, center, and Paul Volcker, right, react as they listen to former Fed Chair Alan Greenspan appearing via video conference, during a panel discussion in New York. Volcker, the former Federal Reserve chairman died on Sunday, Dec. 8, 2019, according to his office, He was 92. (AP Photo/Kathy Willens, File)
December 09, 2019 - 7:33 am
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy...
Read More
December 09, 2019 - 7:26 am
Mexico may accept U.S. requests for greater regional content on steel, as long as there is a five-year phase-in period. Foreign Relations Secretary Marcelo Ebrard said a U.S. request for 70% regional content on steel could be written into an addendum to the U.S.-Mexico Canada free trade agreement...
Read More
December 09, 2019 - 7:26 am
NEW YORK (AP) — Two reports last week show that small business hiring still lags behind the strong job growth reported at larger companies, and that owners are unlikely to increase their staffs significantly in 2020. Payroll processor ADP said its customers with up to 49 employees added 11,000 jobs...
Read More
FILE - In this March 8, 2019, file photo, work continues on an outdoor observation deck on the 30 Hudson Yards office building in New York. Business economists expect U.S. economic growth to slow this year and next, but they say the economy will avoid recession. (AP Photo/Mark Lennihan, File)
December 09, 2019 - 6:47 am
Washington (AP) — The nation’s business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year. The latest survey by 53 forecasters with the National Association...
Read More
Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Dec. 9, 2019. Asian shares were mostly higher Monday cheered by a buying mood on Wall Street that came at the end of last week. (AP Photo/Ahn Young-joon)
December 09, 2019 - 5:10 am
Tokyo (AP) — Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington as another...
Read More
December 09, 2019 - 12:32 am
BERLIN (AP) — German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline. The Federal Statistical Office said Monday that exports rose 1.2% compared with the previous month. That followed a 1.5% increase in September. In year-...
Read More
FILE - In this May 26, 1945 file photo, Britain's Prime Minister Winston Churchill and his wife Clementine tour Churchill's constituency of Woodford, in Essex, England, as part of the Conservative's General Election campaign. Britain is facing the most testing and significant, some would say tortuous, period in its modern history since World War II. The polarized electorate now has a critical choice to make _but it seems unlikely the result, whatever it may be, will heal deep and toxic divisions that could last a generation or more. (AP Photo/Eddie Worth, File)
December 09, 2019 - 12:14 am
LONDON (AP) — Britain is facing the most testing and significant period in its modern history since World War II. The polarized electorate now has a critical choice to make -- but it seems unlikely the result, whatever it may be, will heal deep and toxic divisions that could last a generation or...
Read More
In this Dec. 7, 2019, photo provided by the North Korean government, North Korean leader Kim Jong Un, center, cuts the ribbon during a ceremonial opening of the Yangdok Hot Spring Cultural Recreation Center in South Pyongan Province, North Korea. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: "KCNA" which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)
December 09, 2019 - 12:06 am
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un opened a new mountain spa and ski resort that's intended for people to enjoy “high civilization under socialism” in another example of the country using tourism exemptions in sanctions to build revenue for its broken economy. Kim cut the...
Read More
December 08, 2019 - 7:08 pm
TOKYO (AP) — Japan's economy grew at an annual rate of 1.8% in July-September, according to revised government data, better than the modest annual pace of 0.2% it gave as an earlier estimate. The world's third largest economy has marked the fourth straight quarter of expansion, supported by...
Read More

Pages