UK’s May seeks compromise with Labour in EU divorce deal

Europe 02/11/19, 10:09

British Prime Minister Theresa May sought a compromise Monday with opposition leader Jeremy Corbyn in hopes of securing his backing for a divorce deal with the European Union.The political maneuvering comes amid strong signs that uncertainty over Brexit is already clamping down on Britain's economic growth.Taking a cordial tone, May ...

EU slashes its forecasts for eurozone economic growth

Europe 02/07/19, 05:04

European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the reduced estimate was vulnerable to "large uncertainty" from slowing growth in China and weakening global trade.The EU's executive Commission cut the forecast for this year to 1.3 percent from 1.9 percent ...

Eurozone growth falters further at the start of 2019: survey

Europe 02/05/19, 04:33

A closely watched survey shows that economic growth across the 19-country eurozone dipped further at the start of 2019 to its lowest level in five-and-a-half years.Financial information company IHS Markit said Tuesday that its composite purchasing managers index — a gauge of business activity across the manufacturing and services sector ...

Stocks are uneven on a mix of corporate earnings

Business 01/31/19, 10:32

Stocks are off to a mixed start on Wall Street Thursday following a mixed bag of corporate earnings and as concerns linger over trade and economic growth. Facebook jumped after reporting solid results for its fourth quarter, helping to lift the Nasdaq composite. General Electric soared after reporting growth in key ...

Update: White House rejects report showing slowed growth

Politics 01/28/19, 16:14

The Latest on the Congressional Budget Office predicting that economic growth will slow (all times local): 4:05 p.m. The director of the National Economic Council is rejecting a Congressional Budget Office assessment showing slowed growth following a five-week government shutdown. President Donald Trump's top economist, Larry Kudlow, says the White House "frequently" disagrees ...

ECB: Trade peace would remove big drag on eurozone growth

Europe 01/28/19, 10:21

European Central Bank head Mario Draghi says that much of the drag on the eurozone economy would ease if "clarity and peace" were to break out in the trade dispute between the U.S. and China.Draghi says ECB officials think the key factor is how long the various causes for slower ...

Stocks move higher on upbeat earnings, forecasts

Business 01/25/19, 10:36

Stocks opened higher Friday after several companies reported solid earnings and upbeat forecasts. Technology companies and consumer-focused companies were leading the gains.Optimism over economic growth is boosting industrial and energy companies, along with makers of basic materials.KEEPING SCORE: The S&P 500 index rose 23 points, or 0.9 percent to 2,666 ...

Update: Aging societies seen posing risks to economy

Europe 01/25/19, 08:04

The Latest on the World Economic Forum in Davos, Switzerland (all times local):2:00 p.m.Aging populations threaten to slow economic growth in the world's advanced economies and destabilize the banking system, the head of Japan's central bank told an annual gathering of elites in the Swiss ski resort of Davos.But Bank ...

Markets Right Now: Stocks slip on economic growth worries

Business 01/22/19, 09:43

The latest on developments in financial markets (all times local):9:35 a.m.Stocks are slipping on Wall Street amid new signs the global economy is slowing. China said its economy is growing at the slowest pace in nearly three decades.The International Monetary Fund on Tuesday cut its 2019 growth forecast, pointing to ...

World economy forecast to slow in 2019 amid trade tensions

Business 01/21/19, 08:05

The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates. The IMF said Monday that it expects global growth this year of 3.5 percent, down from 3.7 percent in 2018 and from the 3.7 percent it had forecast ...

China’s 2018 economic growth sinks to 3-decade low

Business 01/21/19, 06:45

China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington. Growth slowed to 6.6 percent from 2017's 6.9 percent as both the world's appetite for China's exports and domestic consumer spending weakened, official data showed ...

China 2018 economic growth falls to 3-decade low

Business 01/20/19, 21:40

China's 2018 economic growth fell to a three-decade low as activity cooled amid a tariff war with Washington. The world's second-largest economy expanded by 6.6 percent over a year earlier, down from 2017's 6.9 percent, official data showed Monday. Growth in the three months ending in December cooled to 6.4 percent ...

BOJ warns Japan faces new risks as population shrinks

Business 01/17/19, 00:54

Japan faces unforeseen risks in guiding economic policy as its population of about 126 million ages and declines, the governor of its central bank said Thursday.Bank of Japan Gov. Haruhiko Kuroda told fellow financial leaders Thursday that policies must be devised to prevent the shrinking population from hindering economic growth.Since ...

German economy slowed in 2018 amid signs of global downturn

Business 01/15/19, 04:26

Germany's economic growth eased to 1.5 percent last year amid signs of a slowdown in Europe and the wider global economy.The growth figure announced Thursday by the government statistics agency was down from 2.2 percent in 2017.German output fell in the third quarter by 0.2 percent, but the dip was ...

Off the Charts: More blowout earnings. What comes next?

Business 01/10/19, 09:42

Forget about "What have you done for me lately?" The big question investors will be asking companies this upcoming earnings season is: What will you do next?Companies are lining up to tell investors how much they made during the last three months of 2018, and the reports get going in ...

Global stocks sustain rally as US-China trade talks wrap up

Business 01/09/19, 11:50

Stocks around the world built on their early 2019 rally Wednesday after negotiators from the U.S. and China extended their trade talks to a third day, which investors took as a sign the discussions were productive even though no major breakthroughs have been announced. Oil prices also continued to climb ...

China says US envoys due in Beijing for talks on trade fight

China 01/04/19, 01:48

China's government says American envoys will visit Beijing on Monday for talks on resolving a tariff fight that threatens to hobble global economic growth. The two days of talks are aimed at carrying out last month's agreement by Presidents Donald Trump and Xi Jinping to postpone new tariff hikes, the Ministry ...

Tough start to 2019 for stocks after weak data from China

Business 01/02/19, 10:06

Global stocks are falling to start 2019 after more shaky economic news from China. The stock market turned volatile late in 2018 as investors grew increasingly worried about threats to global economic growth, and those concerns could define the market's path new year as well.A government survey and one by ...

US consumer confidence tumbles in December

Business 12/27/18, 10:41

U.S. consumer confidence tumbled this month as Americans began to worry that economic growth will moderate next year. But consumer spirits are still high by historic standards.The Conference Board, a business research group, said Thursday that its consumer confidence index fell to 128.1 in December, down from 136.4 in November ...

Digitally enhanced: Estonia plots the end of bureaucracy

Europe 12/26/18, 05:42

In the Estonian capital of Tallinn, three-day-old Oskar Lunde sleeps soundly in his hospital cot, snuggled into a lime green blanket decorated with red butterflies. Across the room, his father turns on a laptop."Now we will register our child," Andrejs Lunde says with gravity as he inserts his ID card ...

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