Asian markets rally, extending gains on Wall Street

Business 03/31/19, 23:40

Shares surged Monday in Asia after the release over the weekend of encouraging manufacturing data in China that suggest government stimulus efforts may be yielding results.Japan's Nikkei 225 index added 1.6 percent to 21,539.75, easing off earlier highs after newly released economic data showed conditions deteriorating. The Shanghai Composite index ...

Nationwide blackouts become the norm in Venezuela

World 03/31/19, 18:21

Another day, another blackout.Power went out across Venezuela on Sunday, just as it did on Saturday, and the day before that.But while some electricity had returned by Sunday afternoon, jittery Venezuelans weren't so much celebrating the lights coming on as wondering when the next outages would flick them off.Venezuela's self-proclaimed ...

Update: Opposition hopes make stand in Istanbul, Ankara

Europe 03/31/19, 02:44

The Latest on Turkey's municipal elections (all times local):9:35 p.m.Voters in Turkey are electing mayors for 30 large cities, and a main battleground for President Recep Tayyip Erdogan's party appears to be in the capital, Ankara.An official female shows the ballot voting paper with names and the parties a polling ...

Turkish voters go to polls in critical municipal elections

Europe 03/30/19, 23:17

Voters in Turkey began casting ballots in Sunday's municipal elections, which are seen as a barometer of President Recep Tayyip Erdogan's popularity amid a sharp economic downturn in the nation that straddles Europe and Asia.More than 57 million eligible voters are making choices in 200,000 polling stations across the country ...

A look at Sunday’s local elections in Turkey

Europe 03/30/19, 06:01

Turkey is holding local elections on Sunday that are seen as a test of President Recep Tayyip Erdogan's popularity amid a sharp economic downturn. Erdogan, who has not lost a vote since his party came to power in 2002, has cast the elections as a "matter of national survival" and ...

US stocks extend gains in afternoon trading; Lyft debuts

Business 03/29/19, 14:34

U.S. stocks climbed Friday afternoon, extending the market's gains from a day earlier as Wall Street closed out a blockbuster first quarter.The benchmark S&P 500 index was on track to end the January-March quarter with its best gain in nearly 10 years. The S&P technology sector powered much of those ...

Markets Right Now: Stocks open higher; Lyft makes debut

Business 03/29/19, 08:39

The latest on developments in financial markets (all times local):9:35 a.m.Stocks are opening higher on the last day of trading for the first quarter.Friday's big event is the trading debut of Lyft, the first U.S. ride-hailing company to sell shares to the public. Lyft's initial public offering priced at $72.The ...

Homelessness rises in Argentina’s capital amid crisis

America 03/29/19, 00:04

A smiling two-year-old Valentina Aleman runs down a sidewalk in Buenos Aires, dodging cardboard boxes, a worn-out sofa and a broken refrigerator without noticing the cars zooming dangerously close to her and others risks of living on the streets.A makeshift tent of cardboard and plastic bags on the side of ...

1Q Market Review: Great returns, but with a twist at the end

Business 03/28/19, 09:46

It's been a fabulous start to the year for investors — as long as you ignore all those simmering worries about a possible recession.S&P 500 index funds are on pace to close out their best quarter in seven years, having returned nearly 12.5 percent in 2019 through Wednesday, and many ...

Ahead of vote, Turkey’s Erdogan says US attacking economy

Europe 03/28/19, 07:40

Turkey's president is accusing the United States and other western nations of attacking Turkey's economy ahead of Sunday's local elections.Recep Tayyip Erdogan spoke Thursday as the Turkish lira lost some 5 percent of its value against the dollar amid continued volatility in the currency.In a town hall meeting with students ...

Global shares mixed as US, China set to resume trade talks

Europe 03/28/19, 04:33

Global shares were mixed on Thursday as Chinese and U.S. trade negotiators prepared for the latest round of talks aimed at ending a tariffs war between the two biggest economies.Britain's FTSE edged less than 0.1 percent lower to 7,194.19 as Prime Minister Theresa May made a final effort to save ...

Top firms decry religious exemption bills proposed in Texas

Business 03/27/19, 18:16

Some of the world's biggest companies are back to oppose a range of new Texas legislation they say is discriminatory, two years after Apple, Facebook and other Fortune 500 companies banded together with gay rights activists in defeating the state's "bathroom bill" targeting transgender people.The corporate giants, which also include ...

Assembly Democrats want lower threshold to raise local taxes

California 03/27/19, 14:47

California voters could decide in 2020 whether it should be easier for their local governments to raise taxes and issue bonds for affordable housing, road improvements and other public projects. A constitutional amendment proposed Wednesday would lower how much voter support communities need to raise money for infrastructure projects from two-thirds ...

Greece limits foreclosure protection after financial crisis

Europe 03/27/19, 11:23

Lawmakers in Greece have begun debating tougher regulations to deal with household insolvency after the financial crisis left nearly half of mortgages and commercial loans non-performing or in distress.The debate started Wednesday at a parliamentary committee despite failure by the government so far to finalize an agreement with bailout creditors ...

Markets Right Now: Stocks open higher on Wall Street

Tech 03/27/19, 08:42

The latest on developments in financial markets (all times local):9:35 a.m.Stocks are opening modestly higher on Wall Street, led by gains in industrial and technology companies.Railroad operator Union Pacific rose 1 percent Wednesday and HP rose 0.9 percent.WellCare Health Plans jumped 10.6 percent after the company agreed to be acquired ...

Asian shares mixed following rebound on Wall Street

Business 03/27/19, 00:16

Shares were mixed in Asia on Wednesday after U.S. stocks finished broadly higher on Wall Street, erasing modest losses from a day earlier.Japan's Nikkei 225 index fell 0.4 percent to 21,344.93 while the Shanghai Composite added 0.8 percent to 3,020.52. Hong Kong's Hang Seng added 0.6 percent to 28,748.28, but ...

California sells $600M in bonds for high-speed rail project

California 03/26/19, 19:09

California sold $600 million in bonds Tuesday to help pay for its high-speed rail project even as lawmakers and Gov. Gavin Newsom acknowledge challenges to completing the line between Los Angeles and San Francisco. The bond money is a key source of funding for the troubled project, which has been beset ...

Pharmaceutical Roche latest to add to Brazil’s economic woes

America 03/26/19, 15:45

Swiss pharmaceutical company Roche said Tuesday it will stop producing medicines at its Rio de Janeiro unit in Brazil, a new blow to a country whose economy appears to be in its most sluggish decade in 120 years.Roche said the move will take place within the next five years because ...

Fuel prices, the US dollar take off, and drag on Carnival

Business 03/26/19, 14:02

Carnival slashed its profit expectations for the year with rising fuel costs and a strong dollar squeezing the cruise company.Shares slumped 9 percent Tuesday after the pessimistic outlook overshadowed an otherwise strong first quarter.Crude prices have jumped 30 percent this year and the cost for a barrel is now pushing ...

Technology companies, banks power US stocks solidly higher

Business 03/26/19, 09:24

Stocks rose broadly in early trading Tuesday on Wall Street, erasing the market's modest losses from a day earlier.Technology companies powered the rally, with chipmakers among the biggest gainers. Nvidia rose 3.7 percent and Advanced Micro Devices added 2.3 percent.Banks also notched solid gains as bond prices headed lower, sending ...

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