China’s pig disease outbreak pushes up global pork prices

China 05/20/19, 03:13

Pork lovers worldwide are wincing at prices that have jumped up to 40 percent as African swine fever in China's vast pig herds sends shockwaves through global meat markets.China produces and consumes two-thirds of the world's pork, but supplies are falling as Beijing destroys herds and blocks shipments. Importers are ...

Asian shares mixed; election results buoy India, Australia

Business 05/20/19, 02:00

Shares were mixed in Asia on Monday, with India and Australia leading gains for the region following elections that looked set to keep incumbents in office.In Australia, the S&P ASX 200 rose 1.7% to 6,476.10, boosted by a shock election victory for Prime Minister Scott Morrison. His conservative, pro-business government ...

Asian shares mixed; election results buoy India, Australia

World 05/19/19, 23:56

Shares were mixed in Asia on Monday, with India and Australia leading gains for the region following elections that looked set to keep incumbents in office.Japan's Nikkei 225 index edged up 0.3% to 21,343.09 after the government reported Monday that the economy grew at a better-than-expected 2.1% annual pace in ...

Markets Right Now: Stocks drop on trade worries

Business 05/17/19, 08:40

The latest on developments in financial markets (all times local):9:35 a.m.Stocks are falling on Wall Street Friday as investors again worry about whether the U.S. and China can settle their dispute over trade.Technology and industrial companies dropped the most as the S&P 500 heads for a second straight weekly decline. ...

Asian shares mixed as Huawei sanctions stir trade fears

Business 05/17/19, 01:57

Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei may cast a pall on trade negotiations with China. These fears weighed heavily on Chinese benchmarks. The Shanghai composite gave up 2.7% to 2,876.90. Hong Kong's Hang Seng lost 1.2% to 27,932.31 and the A-share index on ...

1Q Earnings Wrap: When nothing is better

Business 05/16/19, 11:19

Behold the power of low expectations.Nearly all the companies in the S&P 500 have said how much profit they made in the first three months of the year, and growth looks to be close to nil. That's usually a frightening thing for investors because stock prices tend to follow the ...

Stocks climb for 3rd day in a row, erasing Monday’s plunge

Business 05/16/19, 09:43

Stocks marched higher for the third day in a row Thursday, erasing the big plunge they took on Monday on worries about the worsening trade fight between China and the U.S.Banks reversed course and helped lead the broad gains. Banks were benefiting from higher bond yields, which allow them to ...

Global stocks mixed after Trump signs telecoms order

Business 05/16/19, 05:19

Global shares are mixed after President Donald Trump signed an order imposing controls on exports to foreign telecoms companies that apparently was aimed at Chinese equipment makers. France's CAC 40 slipped nearly 0.2% to 5,364.35 in early trading, while Germany's DAX fell 0.5% to 12,043.09. Britain's FTSE 100 lost 0.1% to ...

Stocks shrug off an early slide and turn higher, led by tech

Business 05/15/19, 10:37

Stocks shook off an early slump and turned higher in late morning trading Wednesday, led by solid gains in Microsoft, Facebook and Google. The flip-flop marked the latest reversal for a stock market that has been whipsawed by worries over the worsening trade relationship between China and the U.S. and the ...

Asian stocks follow Wall Street higher

Business 05/15/19, 01:18

Asian stocks followed Wall Street higher Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced as investors mulled the likely costs of U.S. and Chinese tariff hikes on hundreds of billions of dollars ...

Stocks edge higher and regain some lost ground

Business 05/14/19, 09:28

Stocks regained some ground in morning trading Tuesday following a nosedive at the start of the week as the U.S. and China escalate their trade war. Investors have been dealing with creeping uncertainty since last week after President Donald Trump's decision to raise tariffs on Chinese goods. China responded by raising ...

Asian shares see moderate losses after meltdown on Wall St

Business 05/14/19, 01:27

Shares declined moderately in Asia on Tuesday after a dismal day on Wall Street as investors fled uncertainty over the China-U.S. trade standoff. The Shanghai Composite index slipped 0.2% to 2,896.60 while Japan's Nikkei 225 gave up 0.6% to 21,067.23. The Hang Seng index in Hong Kong, reopening after a market ...

China’s auto sales fall 17.7% in April, extending slump

Business 05/14/19, 00:30

China's auto sales sank 17.7% in April from a year earlier, the 10th straight month of decline amid trade tension with Washington and an economic slowdown.Drivers in the industry's biggest global market bought 1.6 million sedans, SUVs and minivans, according to an industry group, the China Association of Auto Manufacturers. ...

Update: Trump threatens more action in China trade fight

Business 05/13/19, 18:35

The Latest on the tariffs battle between China and the United States (all times local): 2:35 p.m. President Donald Trump says he's going to take further action to help the nation's farmers in the midst of an escalating trade war with China. In this May 9, 2019, photo a General Electric washing machine ...

Markets Right Now: Stocks sink as trade war escalates

Business 05/13/19, 08:59

The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are plunging at the open on Wall Street Monday after China announced retaliatory tariffs against goods from the United States. China plans tariff hikes on $60 billion of U.S. imports after the Trump administration on Friday raised tariffs on $200 ...

Shares fall in Asia after no deal in China-US trade talks

Business 05/12/19, 23:40

Shares retreated in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement. The Shanghai Composite index fell 1% to 2,910.04. Japan's Nikkei 225 index lost 0.6% to 21,216.28 and the S&P ASX 200 declined 0.2% to 6,297.40. South Korea's Kospi fell 1.1% to ...

Crews address environmental threats flooding leaves behind

Enviroment 05/11/19, 09:29

Driving along a deeply rutted levee, Heath Smith points to a basketball, picnic basket and pink Big Wheel.He drives past a massive porch. A boat and a semi's missing trailer sit up ahead. He's found a cooler filled with beer."You see people's lives caught on this levee," Smith, an Environmental ...

US-China relations near new low amid trade battle

Politics 05/10/19, 23:56

The U.S. and China have gone through rough patches before. The American public recoiled — and the U.S. government imposed sanctions — after the People's Liberation Army slaughtered hundreds of civilians in the streets of Beijing in June 1989, crushing the Tiananmen Square protests. Ordinary Chinese were outraged 10 years later when ...

US-China talks break up after US raises tariffs

Politics 05/10/19, 22:09

Trade talks between the U.S. and China broke up Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports. Trump asserted on Twitter that there was "no need to rush" to get a deal between the world's two biggest economies and later ...

Cuba launches rationing in face of economic crisis

America 05/10/19, 17:30

The Cuban government says it will begin rationing chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. Commerce Minister Betsy Díaz Velázquez told the state-run Cuban News Agency Friday that various forms of rationing would be employed in order to deal with shortages ...

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