Stocks end slightly higher after rally fades
2013-09-04 07:14:58 UTC
NEW YORK (AP) — The stock market rose modestly Tuesday as renewed worries about a U.S.-led attack on Syria dampened an early rally.
Stocks surged in the opening minutes of trading as traders felt that a U.S. attack on Syria wasn't imminent afte...
US consumer borrowing up $11.1 billion in April
2013-06-09 04:56:27 UTC
WASHINGTON (AP) — Americans borrowed more in April to attend college and buy cars and were a little less cautious with their credit cards than the previous month.
The Federal Reserve said Friday that consumer borrowing rose $11.1 billion ...
BoE keeps interest rates, stimulus program steady
2013-06-06 17:55:50 UTC
LONDON (AP) — The Bank of England has opted not to pump more money into the British economy.
The decision Thursday came after the final Monetary Policy Committee meeting to be chaired by outgoing governor Mervyn King.
The policymakers appr...
FHA reverse mortgage losses may require bailout
2013-06-05 04:18:05 UTC
WASHINGTON (AP) — The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums, a Senate ...
Fed policy change fears weigh on markets
2013-05-29 17:19:37 UTC
LONDON (AP) — Worries that the U.S. Federal Reserve will start to rein in its monetary stimulus program weighed on global markets Wednesday, a day after the Dow Jones index struck another record high.
And with the month-end hovering, many i...
Asia stocks gain amid modest Nikkei recovery
2013-05-28 04:52:07 UTC
BANGKOK (AP) — Investors seeking bargains helped push Japan's benchmark stock index higher Tuesday after plunging 3 percent the day before. Other Asian markets registered relief with slight gains.
The Nikkei has been on a rollercoaster ri...
Japan's Nikkei dives as yen gains strength
2013-05-27 04:56:48 UTC
BANGKOK (AP) — Japan's stock market dived Monday after the yen reversed some of its recent fall against the U.S. dollar. Stocks elsewhere in Asia were mixed as investors tried to sort out conflicting indicators about the health of the global e...
Stocks fade, post first weekly loss in a month
2013-05-25 05:21:14 UTC
NEW YORK (AP) — Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month.
The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported b...
Bernanke testimony to be studied for policy clues
2013-05-22 04:44:03 UTC
WASHINGTON (AP) — When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper — or increase — its support for the economy.
The Fed is pu...
Japan's trade deficit hits $8.6B due to weaker yen
2013-05-22 04:39:31 UTC
TOKYO (AP) — Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
Exports rose 3.8 percent from the same month a year earlier to 5.78...
Stock indexes flip between gains and losses
2013-05-21 17:30:33 UTC
NEW YORK (AP) — Stock indexes fluctuated in midday trading Tuesday as investors tried to predict the Fed's next move.
The Dow Jones industrial average rose 32 points to 15,366 shortly before 12 Eastern time.
The Standard & Poor's 500 index...
Markets remain subdued after soft US data
2013-05-16 18:43:01 UTC
LONDON (AP) — Financial markets were subdued Thursday despite encouraging growth figures out of Japan, as investors digested a mixed batch a U.S. economic data a day after Wall Street indexes hit record highs.
One of the reasons why stock...
Obama to launch series of trips on economic plans
2013-05-06 04:23:47 UTC
WASHINGTON (AP) — Immigration, guns and national security are dominating the discussion on Capitol Hill, but Americans by and large are still focused on their bottom line. So President Barack Obama is launching a series of quick jaunts arou...
Cyprus secures bailout, avoids bankruptcy
2013-03-25 04:21:00 UTC
BRUSSELS (AP) — Cyprus secured a 10 billion euro ($13 billion) package of rescue loans in tense, last-ditch negotiations early Monday, saving the country from a banking system collapse and bankruptcy that could have destabiliz...
Bank closure leaves Cyprus businesses high and dry
2013-03-22 15:31:24 UTC
NICOSIA, Cyprus (AP) — At Jenny Dobreva's a convenience store, a customer comes up to get a lighter. She apologetically turns him away. It's not because he doesn't have enough money — it's because she doesn't have enough change.
SKorea ready for more cyberattacks; banks recover
2013-03-22 04:29:24 UTC
SEOUL, South Korea (AP) — South Korea said Friday it was preparing for the possibility of more cyberattacks as a new team of investigators tried to determine if North Korea was behind a synchronized shutdown of tens of thousands of c...
Japan's Feb trade deficit at $8.1B as exports lag
2013-03-21 04:34:44 UTC
TOKYO (AP) — Japan recorded a trade deficit of 777.5 billion yen ($8.1 billion) in February despite the weaker yen as exports of cars and auto parts slipped while energy-related imports surged nearly 12 percent.
It was the eigh...
Stocks rise as Federal Reserve stands by stimulus
2013-03-20 21:17:27 UTC
Fear of a revived debt crisis in Europe faded from the stock market Wednesday, freeing the Dow Jones industrial average to touch an all-time high.
After dipping Monday on concerns that Cyprus would become the latest European nation to s...
Fed likely to back low-rate policies despite gains
2013-03-19 05:07:20 UTC
WASHINGTON (AP) — The U.S. economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don't expect the Federal Reserve to let up in its drive to keep stimulating the economy with recor...
Cypriot deposits grab shocks savers across Europe
2013-03-18 17:10:02 UTC
NICOSIA, Cyprus (AP) — A plan to seize up to 10 percent of people's savings in the small Mediterranean island nation of Cyprus sent shockwaves across Europe on Monday as households realized the money they have in the bank may n...
Asia stocks up as US jobless data fuels optimism
2013-03-15 04:17:18 UTC
BANGKOK (AP) — Investor optimism about the economy pushed Asian stock markets higher Friday after Wall Street logged more gains and the U.S. job market showed further signs of strengthening.
Fewer Americans sought unemployment aid last ...
Dow extends streak to 10, its longest since 1996
2013-03-14 20:27:08 UTC
NEW YORK (AP) — The Dow Jones industrial average has reached another milestone, recording its longest winning streak since 1996.
The index rose for the tenth day in a row Thursday, gaining 83 points to close at 14,539, an increase of 0.6 perc...
Asia stocks down on bleak UK factory production
2013-03-13 05:54:38 UTC
BANGKOK (AP) — Asian stock markets ran out of steam Wednesday after a sharp drop in Britain's industrial production and a warning from the head of Germany's central bank that the euro debt crisis isn't over.
Bundesbank President Jens W...
Stocks gain for sixth day on strong jobs growth
2013-03-09 00:24:40 UTC
NEW YORK (AP) — A burst of hiring in February pushed stocks higher on Wall Street.
The Dow Jones industrial average gained 67.58 points, or 0.5 percent, to 14,397.07. The index surpassed its previous record close Tuesday and logged a sixt...
World stocks up a day after Dow hits record high
2013-03-06 10:17:47 UTC
BANGKOK (AP) — The Dow's new all-time high and better economic data from the United States propelled world stock markets higher Wednesday.
Markets continued to shrug off a budget impasse in Washington. Automatic government budget cuts t...