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Trade agreements

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
October 17, 2019 - 1:27 pm

IMF head says more needed to boost growth than US-China deal

WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had...
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Turkey's President Recep Tayyip Erdogan addresses a conference of parliament speakers in Istanbul, Friday, Oct. 11, 2019. Erdogan says his county "will not take a step back" from its offensive against Syrian Kurdish militants it sees as a national security threat, defying serious warnings from the United States and other Western nations. (Presidential Press Service via AP, Pool)
October 15, 2019 - 11:49 am

Trump's sanctions won't bite a vulnerable Turkish economy

FRANKFURT, Germany (AP) — The sanctions the U.S. announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse. President Donald Trump could take far tougher action that would deter foreign...
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FILE - In this Aug. 6, 2019, file photo, a woman walks by a money exchange shop decorated with different countries currency banknotes at Central, a business district in Hong Kong. The IMF’s latest World Economic Outlook comes on the eve of meetings in Washington this week of the IMF and its sister lending organization, the World Bank. (AP Photo/Kin Cheung, File)
October 15, 2019 - 10:48 am

IMF downgrades outlook for world economy, citing trade wars

WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF's latest World Economic Outlook released Tuesday...
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A man stretches in front of an electronic stock board of a securities firm in Tokyo, Tuesday, Oct. 15, 2019. On Tuesday, shares are mixed in Asia after a wobbly day of trading on Wall Street. Japan’s Nikkei 225 index jumped 1.8% as it reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. (AP Photo/Koji Sasahara)
October 15, 2019 - 3:44 am

World shares mostly higher after wobbly day on Wall Street

BANGKOK (AP) — Shares were mostly higher in Europe and Asia on Tuesday after a wobbly day of trading on Wall Street. Germany's DAX advanced 0.4% to 12,532.50 and the CAC 40 in Paris gained 0.6% to 5,674.85. London's FTSE 100 was nearly unchanged at 7,215.74. In New York, futures were higher, with...
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FILE - In this Oct. 11, 2019, file photo, U.S. President Donald Trump, right, shakes hands with Chinese Vice Premier Liu He after being given a letter in the Oval Office of the White House in Washington. China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. (AP Photo/Andrew Harnik, File)
October 14, 2019 - 2:56 pm

'Nothing-burger': US-China truce leaves big issues for later

WASHINGTON (AP) — President Donald Trump heralded a breakthrough in U.S.-China trade talks, and markets rallied in relief over a de-escalation in tensions between the world's two biggest economies. But closer inspection suggests there isn't much substance, at least not yet, to the temporary truce...
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FILE - In this Sept. 25, 2019, file photo, the West Front of the U.S. Capitol in Washington. Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators _ and they’re returning to work this coming week with mixed hopes of success. (AP Photo/J. Scott Applewhite, File)
October 13, 2019 - 9:47 am

Impeachment dominates, but much other work awaits Congress

WASHINGTON (AP) — Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators, and they're returning to Washington this coming week with mixed hopes of success. It's a volatile, difficult-to-predict time in Washington as...
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FILE - In this Oct. 2, 2019, file photo specialist Dilip Patel, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 11. (AP Photo/Richard Drew, File)
October 11, 2019 - 4:19 pm

Stocks rise on trade progress, S&P 500 notches weekly gain

The S&P 500 finished with its first weekly gain in four weeks Friday as investors welcomed a thaw in the punishing trade war between the U.S. and China. After two days of negotiations in Washington, the U.S. agreed to suspend a planned hike in tariffs on $250 billion of Chinese goods that had...
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Chinese Vice Premier Liu He accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media before a minister-level trade meetings at the Office of the United States Trade Representative in Washington, Thursday, Oct. 10, 2019. (AP Photo/Jose Luis Magana)
October 11, 2019 - 4:04 pm

US suspends plans to hike tariffs Tuesday on Chinese imports

WASHINGTON (AP) — The Trump administration is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion in U.S. farm products as the world's two biggest economies reached a cease-fire in their 15-month trade...
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October 11, 2019 - 4:03 pm

How major US stock indexes fared Friday

Stocks closed sharply higher Friday as the U.S. and China reached a partial deal on trade and said they would continue negotiating. President Donald Trump agreed to suspend an increase in tariffs on $250 billion in Chinese goods due to kick in Oct. 15. In exchange, China agreed to boost purchases...
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In this Thursday, Oct. 3, 2019, photo, a man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo. Asian shares were mixed Thursday, Oct. 10, following broad gains on Wall Street as investors pondered mixed reports on the likelihood of progress in resolving the trade war between the U.S. and China. (AP Photo/Eugene Hoshiko)
October 09, 2019 - 11:09 pm

Asian shares mostly higher amid renewed trade deal hopes

TOKYO (AP) — Asian shares were mixed Thursday following broad gains on Wall Street as investors pondered mixed reports on the likelihood of progress in resolving the trade war between the U.S. and China. Japan's benchmark Nikkei 225 added 0.3% to 21,509.54 in early trading. Australia's S&P/ASX...
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