Asian shares mostly lower as Japan preps massive stimulus
October 28, 2022 GMTShares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market.
Tokyo’s benchmark slipped as the government was preparing about $490 billion in stimulus spending to help the world’s No.
Liz Truss promised UK a shakeup — but was forced out instead
October 21, 2022 GMTLONDON (AP) — Liz Truss became prime minister on a promise to open a new era of growth by shaking up Britain's economy. But the tumult that resulted was not exactly what she had in mind: Markets recoiled, the pound currency dived, her party revolted — and, in the end, she announced her resignation just 45 days after taking office.
UK Treasury chief in position of power as PM Truss struggles
October 17, 2022 GMTLONDON (AP) — As British Prime Minister Liz Truss struggles to retain her authority, one man is seen to be in the real position of power to restore order and credibility to the Conservative government and limit the damage caused by Truss’ economic plans.
‘Big impact’: UK economic chaos, pound plunge hit businesses
September 30, 2022 GMTLONDON (AP) — Like many small business owners in Britain, Harry Niazi hoped for government help to keep his south London fish and chip shop going in the face of rocketing energy bills and soaring inflation.
Europe’s central bank to speed up end to economic stimulus
March 10, 2022 GMTThe European Central Bank said Thursday that it will make an early exit from its economic stimulus efforts as it combats record inflation that threatens to go ever higher as energy prices soar during Russia's war in Ukraine.
Asian stocks mixed after Wall St falls amid rate hike unease
February 8, 2022 GMTBEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street fell as investors watched for signs of whether global central banks will try to cool inflation by speeding up the withdrawal of economic stimulus.
Europe’s central bank worried about inflation but holds off
February 3, 2022 GMTFRANKFURT, Germany (AP) — The head of the European Central Bank said record inflation could linger for “longer than expected” and appeared to open the door at least a crack for an interest rate increase this year.
How major US stock indexes fared Friday
January 28, 2022 GMTA turbulent week for markets ended with a late burst of buying Friday, breaking a three-week losing streak and giving major indexes their biggest gains of the year.
The late surge for stocks followed several days of sudden moves up and down throughout the week.
Asian stocks rise after China rate cuts, Japan export gain
January 20, 2022 GMTBEIJING (AP) — Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports.
Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced.
Asian stocks follow Wall St up as Powell says rates to rise
January 12, 2022 GMTBEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after Federal Reserve chairman Jerome Powell said monetary policy would return to normal and interest rates might be raised earlier than planned.
Asian stocks fall on concern about virus, tighter Fed policy
December 20, 2021 GMTBEIJING (AP) — Asian stock markets followed Wall Street lower on Monday amid concern about the coronavirus's latest variant and tighter Federal Reserve policy.
Shanghai, Tokyo, Hong Kong and Sydney retreated at the start of a trading week that will be shortened by the Christmas holiday.
Asian stocks higher after Fed accelerates stimulus pullback
December 16, 2021 GMTStocks climbed in Asia on Thursday, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus.
The Fed said it would likely raise interest rates three times next year to tackle rising inflation and will shrink its monthly bond purchases at twice the pace it previously announced, in line with ending them altogether in March.
How major US stock indexes fared Wednesday
December 15, 2021 GMTStocks rose steadily on Wall Street Wednesday after the Federal Reserve said it would accelerate its pullback of economic stimulus and would likely raise interest rates three times next year to tackle rising inflation.
How major US stock indexes fared Tuesday
December 14, 2021 GMTStocks closed lower on Wall Street Tuesday as traders took in the latest sign that inflation is still running high ahead of the Federal Reserve’s last meeting of the year.
The S&P 500, the Nasdaq and the Dow Jones Industrial Average fell.
Asia stocks follow Wall Street lower as rally cools
December 10, 2021 GMTBEIJING (AP) — Asian stock markets followed Wall Street lower Friday as a rally cooled and investors waited for U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus.
Asian markets rise as investors wait for U.S. inflation
December 9, 2021 GMTBEIJING (AP) — Asian stock markets followed Wall Street higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve's decision on when to roll back economic stimulus.
Asian stocks down after Fed says ready to act on inflation
November 25, 2021 GMTBEIJING (AP) — Asian stock markets fell Thursday after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation.
Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney declined.
Asian shares mixed after US inflation report
November 11, 2021 GMTTOKYO (AP) — Asian shares were mixed Thursday, after a worrisome report on U.S. inflation that slammed into the bond market and knocked stocks lower on Wall Street.
In Japan, where investors are awaiting an economic stimulus package from newly elected Prime Minister Fumio Kishida, the benchmark Nikkei 225 climbed 0.6% in morning trading to 29,295.20.
Asian stocks fall after Australia inflation accelerates
October 27, 2021 GMTBEIJING (AP) — Asian stock markets fell Wednesday after Australian inflation increased, highlighting global pressure for prices to rise, while investors looked ahead to U.S. economic growth data due out this week.
Asian stocks mixed after Wall Street rises for 5th day
October 20, 2021 GMTBEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose for a fifth day on strong corporate earnings.
Shanghai and Seoul, South Korea, fell while Tokyo and Hong Kong advanced.
Asian stocks rise ahead of central bank meetings
September 7, 2021 GMTBEIJING (AP) — Asian stock markets rose Tuesday as investors watched for decisions from central banks in Europe and elsewhere about when they might start to wind down economic stimulus.
Shares advanced in Shanghai, Tokyo and Hong Kong, which are the bulk of Asia's market capitalization.
Global stock markets rise after weak US hiring data
September 6, 2021 GMTBEIJING (AP) — Global stock markets and Wall Street futures rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices.
Asian stock markets rise after weak US hiring data
September 6, 2021 GMTBEIJING (AP) — Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices.
Asian stock markets mixed after Wall St hits another record
September 3, 2021 GMTBEIJING (AP) — Asian stock markets rose Friday as investors awaited U.S. hiring data some appear to hope will be weak enough to persuade the Federal Reserve to postpone winding down economic stimulus.
Asia stocks rise after Fed chair says US inflation temporary
June 23, 2021 GMTBEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after the Federal Reserve chairman said higher U.S. inflation probably is temporary, helping to calm fears central bankers might feel pressure to roll back economic stimulus.
Asian stocks follow Wall St lower on Fed hints at rate hikes
June 17, 2021 GMTBEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.
Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously forecast no interest rate hikes before 2024, estimated their benchmark rate would be raised twice by late 2023.
EU lawmakers threaten to sue, to speed up rule of law action
June 10, 2021 GMTBRUSSELS (AP) — European Union lawmakers threatened Thursday to sue the bloc’s executive branch within weeks if it fails to take action against countries allegedly violating democratic standards, notably Hungary and Poland.
Asian shares advance as investors await US growth data
May 26, 2021 GMTBEIJING (AP) — Asian stock markets rose Wednesday as inflation fears eased and investors looked ahead to U.S. data that are expected to show economic growth accelerating.
Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced.
Cyprus president unveils ‘ambitious’ economic stimulus plan
May 17, 2021 GMTNICOSIA, Cyprus (AP) — Cyprus' president on Monday unveiled a 4.4 billion-euro ($5.34 billion) economic stimulus plan, which he described as the “most ambitious ever” in the country’s 61-year history as an independent republic.
Colorado lawmakers resume COVID-delayed session on Tuesday
February 15, 2021 GMTDENVER (AP) — Colorado lawmakers are resuming their 2021 session on Tuesday, with majority Democrats anxious to implement a proposed $1 billion-plus economic stimulus plan by Gov...
Asian shares down on caution after modest US gains
February 4, 2021 GMTTOKYO (AP) — Asian shares mostly fell Thursday as caution set in over company earnings reports, recent choppy trading in technology stocks and prospects for more economic stimulus for a world battling a pandemic...
Asian stocks mixed after Wall St rebounds from uncertainty
January 13, 2021 GMTBEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U...
Asian stocks gain as markets watch for Biden stimulus plan
January 11, 2021 GMTBEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan.
Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses.
Asian shares mostly up on Wall Street rally, stimulus hopes
January 8, 2021 GMTTOKYO (AP) — Asian shares were mostly higher Friday on hopes for additional economic stimulus after U...
Asian shares mixed with most markets closed for Christmas
December 25, 2020 GMTStocks rose in China and were little changed in Japan on Friday with most world markets closed for Christmas holidays.
The mixed session followed an advance during Wall Street's shortened Christmas Eve trading as investors began the holiday weekend seemingly untroubled over President Donald Trump’s threat not to sign a major economic stimulus package approved by Congress this week.
How the Dow and other major stock indexes fared Thursday
December 24, 2020 GMTStocks closed slightly higher on Christmas Eve, as investors went into the holiday weekend not bothered by President Donald Trump’s threat not to sign a major economic stimulus package approved by Congress this week.
Stocks close higher in holiday shortened week
December 24, 2020 GMTNEW YORK (AP) — Stocks closed slightly higher on Christmas Eve, as investors went into the holiday weekend not bothered by President Donald Trump’s threat not to sign a major economic stimulus package approved by Congress this week...
Asian markets follow Wall Street higher ahead of election
November 3, 2020 GMTBEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday as investors watched for U...
European Central Bank: Just wait until December
October 29, 2020 GMTFRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was “little doubt” that more action would be coming at its December meeting as surging coronavirus infections and new restrictions on activity threaten Europe’s economy...
Asian shares slip after Wall St’s worst day in a month
October 27, 2020 GMTShares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month...
Global money laundering monitor says COVID fraud on the rise
October 23, 2020 GMTPARIS (AP) — The international organization that monitors protections against money laundering and terrorism financing said Friday that fraud related to coronavirus is on the rise...
Asian shares track Wall Street fall as virus aid hopes fade
October 20, 2020 GMTTOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U...
Asian shares mixed amid 2nd wave coronavirus, election fears
October 16, 2020 GMTTOKYO (AP) — Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of fears of flaring outbreaks of coronavirus...
Asian stocks follow Wall St lower as stimulus hopes fade
October 15, 2020 GMTAsian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov...
US Treasury projects record Q3 borrowing of $947 billion
August 3, 2020 GMTWASHINGTON (AP) — The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2...
GOP wary as Trump pushes new round of stimulus checks
June 23, 2020 GMTWASHINGTON (AP) — President Donald Trump's call for another round of stimulus checks to most taxpayers is getting a lukewarm endorsement from his GOP allies on Capitol Hill, but it's emerging as an early area of potential agreement with Democrats like House Speaker Nancy Pelosi on the next coronavirus bill...
Honolulu officials expect $80M shortfall for rail project
April 17, 2020 GMTHONOLULU (AP) — Honolulu should expect an $80 million tax revenue shortfall for the city's $9.2 billion rail transit project because of the coronavirus outbreak, officials said...
Tokyo Games won’t provide much economic stimulus for Japan
April 17, 2020 GMTTOKYO (AP) — IOC member John Coates, who oversees planning for next year's Tokyo Olympics, has claimed the postponed games could help “kick start” Japan’s economy...
Mexico president sticks to modest economic recovery plan
April 7, 2020 GMTMEXICO CITY (AP) — Mexico President Andrés Manuel López Obrador promised Monday to stick with his modest economic recovery plan after the country’s main business groups reacted negatively to the proposal, which would expand his signature social programs and tighten government austerity measures in the face of economic havoc wrought by Covid-19...
Mexico: More social spending, no business bailout for virus
April 6, 2020 GMTMEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador said Sunday there will be no huge economic stimulus program as the country faces the threat of coronavirus-induced crisis almost certainly unlike any it has seen in the past century...
On virus response, Trump pitches tax relief to wary Congress
March 10, 2020 GMTWASHINGTON (AP) — President Donald Trump's proposed payroll tax break met with bipartisan resistance Tuesday on Capitol Hill as pressure mounts on the administration and Congress to work more vigorously to contain the coronavirus outbreak and respond to the financial fallout...
China’s premier reassures region on growth, South China Sea
November 13, 2018 GMTSINGAPORE (AP) — China's premier sought Tuesday to reassure its neighbors that Beijing will push ahead with reforms needed to support growth across the region and also keep the peace in contested waters in the South China Sea...