- Asian shares sink after Wall Street drop, US economy fears Updated: May-06-15 11:04 pm
TOKYO - Asian markets drooped Thursday after comments from the U.S. Federal Reserve chief fanned fears about the American economy and sent Wall Street lower.
- Survey: Hiring by US businesses slows sharply in April Updated: May-06-15 9:43 am
WASHINGTON - U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the face of lower oil prices.
- Australia cuts interest rate to record low 2 percent Updated: May-05-15 2:25 am
CANBERRA, Australia - Australia's central bank cut its benchmark interest rate to a record low of 2 percent on Tuesday in a bid to jolt the nation's economy which is weighed by falling commodity prices and weakening demand from China.
- Syria tries to stabilize ailing currency Updated: May-04-15 6:14 am
DAMASCUS, Syria - Syrian state media says the central bank is pumping up to $200 million into the market to help boost the sagging Syrian pound.
- US factory activity improves in April, but hiring declines Updated: May-01-15 11:19 am
WASHINGTON - U.S. factories expanded in April at the same pace as in March, but manufacturers are starting to curtail hiring in a possible sign of weakness.
- Will Japan funds keep going, or just disappoint again? Updated: Apr-30-15 3:25 pm
NEW YORK - How much longer can the sun shine on Japan's stock market?
- $100 million for a home? Luxury buyers reach a new threshold Updated: Apr-30-15 2:54 pm
WASHINGTON - The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse.
- Swiss central bank takes $32 billion first quarter loss Updated: Apr-30-15 3:50 am
BERLIN - Switzerland's central bank says it took a first-quarter loss of 30 billion Swiss francs ($32 billion) as the rapid appreciation of the national currency led to high foreign exchange losses.
- Ford's 1Q net income falls on strong dollar, lower sales Updated: Apr-28-15 12:31 pm
DEARBORN, Michigan - Ford's net income fell in the first quarter, hurt by lower sales of key vehicles like the F-150 pickup and a stronger U.S. dollar.
- Dodging the dollar drag: Currency-hedged funds are booming Updated: Apr-23-15 3:43 pm
NEW YORK - Here's a trick question: Are Spanish stocks up or down this year?
- Survey: US businesses expect sales rebound, more hiring Updated: Apr-20-15 11:24 am
WASHINGTON - U.S. businesses expect their sales will rebound in the next three months after a sluggish first quarter, and they also plan to boost hiring and pay, according to a survey released Monday.
- Why banks made more money last quarter Updated: Apr-17-15 6:01 pm
NEW YORK - Wall Street and Main Street gave banks a boost last quarter.
- Higher US gas prices sparked modest inflation in March Updated: Apr-17-15 10:31 am
WASHINGTON - Higher-priced gasoline slightly boosted consumer prices in March, a sign that some of the effects of cheaper oil are fading and that inflation may be edging up to healthier levels.
- Correction: Europe-Tourism Boost story Updated: Apr-16-15 6:41 pm
LISBON, Portugal - In a story April 15 about effect of the weakening euro on tourism in Europe, The Associated Press reported erroneously that 10 million Americans visited Paris last year, and that officials hoped the figure would rise 10 percent to 11 million this year. The correct figure was 2 million U.S. visitors last year, not 10 million, and officials hope that figure will rise 10 percent to 2.2 million, not 11 million.
- Japan bumps China as top holder of US Treasury debt Updated: Apr-15-15 6:48 pm
WASHINGTON - Japan overtook China in February as the top foreign holder of U.S. Treasury securities, a position Japan last held in August 2008.
- 4 ways a surging dollar rattles world economies, markets Updated: Apr-15-15 5:43 pm
WASHINGTON - The U.S. dollar hasn't been on a roll like this since Ronald Reagan sat in the White House and "Raiders of the Lost Ark" ruled the box office.
- European vacation as much as 25 percent cheaper due to euro Updated: Apr-15-15 10:05 am
LISBON, Portugal - Vacations in Europe have a new attraction: the euro's steep drop in value is making the continent much cheaper for tourists from across the world, especially the United States and China.
- Manufacturing in New York state contracts in April Updated: Apr-15-15 9:27 am
WASHINGTON - Manufacturing activity in New York shrank in April for the first time in four months, a sign that the strong dollar and sluggish consumer spending may be holding back factories.
- Swiss government: no need for stimulus to cushion franc rise Updated: Apr-15-15 7:14 am
BERLIN - The Swiss government says it sees no need for an economic stimulus to cushion the impact of the dramatic rise of the country's currency.
- Kiwi and Aussie currencies converge, fueling new rivalry Updated: Apr-15-15 7:11 am
WELLINGTON, New Zealand - They tussle over cricket, rugby, movie stars and even a fluffy meringue dessert they call Pavlova, which both countries claim as their own.
- IMF cuts forecast for US economy, upgrades Europe and Japan Updated: Apr-14-15 5:58 pm
WASHINGTON - The International Monetary Fund, citing the consequences of a strong dollar, is downgrading its outlook for the U.S. economy but raising its forecast for Europe and Japan.
- Volatile start to year in markets could help bank profits Updated: Apr-13-15 10:04 am
NEW YORK - Wild swings in the stock, bond and currency markets in the first three months of the year are likely to translate into bigger profits for big U.S. banks, analysts say.
- Corporate deals appetite hits 5-year high Updated: Apr-13-15 6:02 am
LONDON - The current wave of corporate takeovers and mergers is set to grow, with the appetite for deals among executives hitting a five-year high thanks to a strong dollar and low oil prices, a global survey found Monday.
- Obama administration says global economy needs more support Updated: Apr-09-15 7:24 pm
WASHINGTON - The Obama administration said Thursday that Germany, China, Japan and South Korea are four countries running large trade surpluses that need to do more to combat weak global growth.
- European stocks, boosted by stimulus, hit all-time high Updated: Apr-09-15 4:26 pm
If you wanted evidence that the economy and the stock market are two different things, look no further than Europe.