TOKYO (AP) — Major Japanese companies have grown more pessimistic about the economy, given higher costs and a weaker yen, according to a survey by Kyodo News.
The survey of 117 companies found just over half, or 56%, expect the economy to grow this year.
WASHINGTON (AP) — The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve's efforts to cool the economy and hiring.
BANGKOK (AP) — Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Europe, some Asian cities and the U.S. closed.
Tokyo's Nikkei 225 index gained 0.7% to 26,405.87 and the Kospi in Seoul added 0.2% to 2,317.14.
NICE, France (AP) — Tunisia’s increasingly authoritarian president appears determined to upend the country’s political system. The strategy is not only threatening a democracy once seen as a model for the Arab world, experts say it is also sending the economy toward a tailspin.
WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.
WASHINGTON (AP) — Slightly more Americans filed for unemployment benefits last week as the labor market continues to show strength even as the Federal Reserve has tried for nearly a year to slow the economy by raising its main lending rate.
BANGKOK (AP) — Shares were mixed in Asia on Wednesday after a modestly higher close on Wall Street as concerns over pressures on global growth tempered gains in the absence of major data releases.
WASHINGTON (AP) — For the economy, 2022 was a throwback year. And not in a good way.
At times, it felt like the 1970s or early '80s. Inflation running rampant. The United States and its European allies engaged in a not-so-Cold War with Russia.
NEW YORK (AP) — The worst may be yet to come for the stock market.
Wall Street's mini-rebound since mid-October has recovered some of the index's sharp losses from the first 10 months of the year.
It has been quite the year. In 2022, we’ve lived through high inflation, stock market lows, housing market frenzies and ongoing Federal Reserve rate hikes. Although we don’t have a crystal ball to predict what will happen to the economy next year, we could use this year’s events as a guide: Things may continue to be rocky.
LONDON (AP) — Britain’s economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are having on business and industry.
A choppy day of trading on Wall Street ended with stocks broadly lower Friday, after a new report showed that inflation is slowing less than hoped just days before Federal Reserve officials are expected to raise interest rates again.
BANGKOK (AP) — Shares rose in Asia on Friday after an advance on Wall Street led by the latest rally in technology companies.
Chinese benchmarks rose on reports the government is planning new measures to support the ailing property sector, which has dragged on growth over the past several years.
WASHINGTON (AP) — Slightly more Americans filed for jobless claims last week but the labor market remains one of strongest parts of the U.S. economy.
Applications for unemployment benefits rose to 230,000 for the week ending Dec.
BANGKOK (AP) — Shares are mostly lower in Asia after Wall Street sagged under weakness in tech stocks.
U.S. futures edged lower while oil prices rebounded.
Japan revised upward its GDP data to show the economy contracted less than earlier reported in July-September, in a sign the country weathered its latest big COVID wave with less damage than had been thought.
TOKYO (AP) — Japan’s economy contracted less than previously thought in the last quarter, weathering the country's latest big COVID wave with less damage than had been thought.
The Cabinet Office reported Thursday that the economy shrank at a 0.8% annual rate in July-September.
MOMBASA, Kenya (AP) — Reducing waste while boosting recycling and reuse, known as the ‘circular economy,’ will be vital for halting the loss of nature by meeting growing demand with fewer resources and will make communities more resilient to climate change by encouraging more sustainable practices on the African continent, organizers of the World Circular Economy Forum said Wednesday.
DUBAI, United Arab Emirates (AP) — Chinese leader Xi Jinping arrived in Saudi Arabia on Wednesday to attend meetings with oil-rich Gulf Arab nations crucial to his country's energy supplies as Beijing tries to revive an economy battered by its strict coronavirus measures.
Wall Street futures edged lower Wednesday ahead of new employment and wholesale price data with the Federal Reserve gauging its next step in its fight to cool inflation.
Futures for the Dow Jones Industrials slipped 0.4% and the S&P 500 fell 0.7% just over an hour before the opening bell.
BRUSSELS (AP) — The European Union announced Wednesday that it has begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania.
SEOUL, South Korea (AP) — Officials say South Korea’s economy is recovering from the initial shock of a nationwide walkout staged by thousands of cargo truckers, even as their strike reached its 14th day on Wednesday amid a stalemate with the government over freight fare issues.
Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession. Oil prices were mixed.
WELLINGTON, New Zealand (AP) — Australia's central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it continues trying to wrestle down inflation.
The increase was the bank's eighth in a row and took the rate to its highest level in 10 years.
FRANKFURT, Germany (AP) — Major Western measures to limit Russia's oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions.
FRANKFURT, Germany (AP) — Major Western measures to limit Russia's oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions.
WELLINGTON, New Zealand (AP) — New Zealand is launching a wide-ranging inquiry into whether it made the right decisions in battling COVID-19 and how it can better prepare for future pandemics.
Prime Minister Jacinda Ardern said Monday the coronavirus had posed the greatest threat to the nation's health and economy since World War II.
FRANKFURT, Germany (AP) — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market.
OMAHA, Neb. (AP) — When BNSF railroad conductor Justin Schaaf needed to take time off from work this summer, he had to make a choice: go to the dentist to get a cavity in his molar filled or attend a party for his son's 7th birthday.
FRANKFURT, Germany (AP) — Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering out-of-control price spikes for ordinary people or piling up debt that could hamper postwar reconstruction.
Worries about inflation weighed on Wall Street Friday, leaving major indexes mixed after a report showed wages for U.S. workers are accelerating, which is good news for them but could feed into even higher inflation for the nation.
WASHINGTON (AP) — For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control.
And for just as long, the job market hasn’t seemed to get the message.
WASHINGTON (AP) — The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes.
NEW DELHI (AP) — Asia’s richest man, Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after liberalizing its economy in the 1990s.
He's now set his sights on becoming the world's biggest renewable energy player, by 2030, by promising to align his investments with the government’s own priorities.
TOKYO (AP) — Japan’s parliament approved a hefty 29 trillion yen ($216 billion) supplementary budget Friday aimed at countering the blow to household finances from rising food and utility costs and the weaker yen.
BANGKOK (AP) — Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession.
MEXICO CITY (AP) — Mexico’s economy secretary on Thursday proposed yet another round of talks with the United States on a dispute over Mexico’s energy sector.
Mexico hopes to stave off a full-fledged trade complaint under the U.s.-Mexico-Canada trade agreement.
WASHINGTON (AP) — Legislation to avert what could have been an economically ruinous freight rail strike won final approval in Congress on Thursday as lawmakers responded quickly to President Joe Biden’s call for federal intervention in a long-running labor dispute.
NEW YORK (AP) — GivingTuesday raised a record $3.1 billion in 24 hours for charitable causes in the U.S. earlier this week, as the event that started as a hashtag in 2012 celebrated its 10th anniversary and its status as a staple of fundraising for nonprofits, the group's leader said Wednesday.
WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed's intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.
NEW YORK (AP) — Wall Street expects the impact of the Federal Reserve's most aggressive year of interest rate hikes in at least three decades to continue to be felt through next year.
The central bank’s plan to fight stubbornly high prices on everything from food to clothing has been the central focus for Wall Street in 2022.