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Articles written by Elaine Kurtenbach

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Asian shares lower, US futures up after S&P 500 sinks 3.5%

Asian shares declined Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. The selling in U.S. markets followed broad declines in Europe, where the French president announced tough measures...

 

Hong Kong on borrowed time as China pushes for more control

BANGKOK (AP) — Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status. China's passage of a national security...

 

As economies stagger, pressures grow to ease virus lockdowns

The world's economic pain was on full display Thursday as Europe and the United States were releasing more figures showing the devastating impact on jobs and companies of lockdown measures designed to battle the coronavirus pandemic. In Europe,...

 

China virus outbreak rams global tourism, costing billions

Business around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads. Hotels, airlines,...

 

China virus outbreak may wallop economy, financial markets

BANGKOK (AP) — News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum. Health author...

 

World shares mostly slide in 'Black Friday' retreat

BEIJING (AP) — Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a "Black Friday" sell-off, and with U.S. traders largely out for a long weekend. U.S. financial markets were closed Thursday for...

 

UN: Climate change, depleted resources leave world hungry

BANGKOK (AP) — Feeding a hungry planet is growing increasingly difficult as climate change and depletion of land and other resources undermine food systems, the U.N. Food and Agricultural Organization said Wednesday as it renewed appeals for...

 

Analysis: Rising US, China rivalry deepening rifts in Asia

BANGKOK (AP) — All the usual rituals of international summits were there: the group photos, the gala dinners, the noticeably vibrant shirts leaders force themselves into. But eclipsing all of that at Asia's two big meetings was some unusually...

 

IMF-World Bank ends meetings with call to brace for risks

NUSA DUA, Indonesia (AP) — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in...

 

Suu Kyi says handling of Rohingya could have been better

HANOI, Vietnam (AP) — In the face of global condemnation, Myanmar's leader and Nobel Peace Prize laureate Aung San Suu Kyi on Thursday said that the handling of Rohingya Muslims, 700,000 of whom have fled to Bangladesh amid a brutal military campai...

 

11 Trade ministers reach deal on Pacific trade without US

DANANG, Vietnam (AP) — In a major breakthrough, trade ministers from 11 Pacific Rim countries said they reached a deal Saturday to proceed with the free-trade Trans-Pacific Partnership deal that was in doubt after President Donald Trump abandoned...

 

In cold blow to US, Japan ups tariffs on frozen beef imports

TOKYO (AP) — In unwelcome news for American farmers, Japan said Friday that it was imposing emergency tariffs of 50 percent on imports of frozen beef, mainly from the U.S. Finance Minister Taro Aso announced the move Friday, saying he was prepared...

 

Global shares fall on Fed rate hike, UK rate outlook

TOKYO (AP) — Global stocks fell Thursday after the U.S. Federal Reserve raised its key interest rate and the Bank of England revealed it was unexpectedly close to hiking its own benchmark rate at its policy meeting. KEEPING SCORE: Germany's DAX...

 

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