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Wednesday, October 21, 2020
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Asian stocks follow Wall Street lower on lack of US aid plan

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on...

Asian stocks follow Wall Street lower on lack of US aid plan

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on...

IMF: Nearly all Mideast economies hit by pandemic recession

DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year,...

China’s economy accelerates as virus recovery gains strength

BEIJING (AP) — China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while...

IMF envisions a sharp 4.4% drop in global growth for 2020

WASHINGTON (AP) — The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from...

Asian shares mostly higher after US rally, aid package hopes

TOKYO (AP) — Asian shares were mostly higher in muted trading Monday, as worries about the pandemic kept optimism in check despite a rally...

Fed officials cited risks if Congress fails to pass more aid

WASHINGTON (AP) — Federal Reserve officials expressed concern at their most-recent meeting that the U.S. economy recovery could falter if Congress failed to approve...

Spain unveils economic recovery plan amid pandemic

LISBON, Portugal (AP) — Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by spending 140 billion euros...

Survey: Business economists see coronavirus as biggest risk

WASHINGTON (AP) — The U.S. economy faces risks from a potential resurgence of the coronavirus and from the failure so far of Congress to...

Greece’s economy to shrink by estimated 8.2% this year

ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking...

Mexican workers send home huge amounts of money amid virus

PHOENIX (AP) — The coronavirus pandemic stopped work for nearly a month at the California farm where Luis earns $80 a day picking tomatoes,...

Unemployment marches higher in Europe as pandemic grinds on

FRANKFURT, Germany (AP) — Unemployment rose for a fifth straight month in Europe in August and is expected to grow further amid concern that...

Wall Street rallies to close out strong, but wild quarter

NEW YORK (AP) — U.S. stocks rallied on Wednesday, but only after zooming up, down and back up again in a fitting end to...

31.4% spring slide for a US economy likely to shrink in 2020

WASHINGTON (AP) — The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third...

UK economy slump not as bad as feared but still a record

LONDON (AP) — The British economy did not contract as much as originally thought during the second quarter of the year when coronavirus lockdown...

Asian shares take breather after Wall Street gains

Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. ...

Powell and Mnuchin voice optimism but back more economic aid

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from...

AP-NORC poll: Views of economy stabilize as election nears

WASHINGTON (AP) — Most Americans view the nation’s economic situation as bleak, but a rising percentage also see signs of stability six weeks before...

US stocks fall as market decline extends for third week

Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly...

Asian stocks retreat on lack of new Fed action

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023...

Fed sees rates near zero through 2023, perhaps longer

WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest...

Report finds global economic outlook not as bad as expected

PARIS (AP) — The global economy is not doing as bad as previously expected, especially in the United States and China, but has still...

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON (AP) — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways...

ADB forecasts developing Asian economies in recession in ’20

Developing economies in Asia will contract in 2020, the first such downturn in nearly 60 years, the Asian Development Bank said Tuesday in an...

China warns US over US-Taiwan economic talks

TAIPEI, Taiwan (AP) — China warned the United States on Monday of potential “serious damage” to their relations if it does not withdraw from...

Virus lockdown plunges South Africa deeper into recession

JOHANNESBURG (AP) — South Africa’s economy has sunk deeper into recession, with its gross domestic product for the second quarter of 2020 plummeting by...

Japan’s economy shrinks 28% in 2Q, worse than 1st estimate

TOKYO (AP) — Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. ...

German industrial production up for 3rd consecutive month

BERLIN (AP) — German industrial production increased for the third consecutive month in July, but the gain was relatively modest following bigger gains in...

U.S. productivity rises a record 10.1% in second quarter

SILVER SPRING, Md. (AP)...

Fed survey finds widespread pessimism about economic future

WASHINGTON (AP) — The...

German government sees smaller economic decline this year

BERLIN (AP) — The...

US consumer confidence falls in August to lowest in 6 years

WASHINGTON (AP) — U.S....

Fed officials worried about withdrawal of government support

WASHINGTON (AP) — U.S....

US retail sales rise for 3rd month but slowdown expected

WASHINGTON (AP) — Americans...

US productivity rises 7.3% as hours worked are nearly halved

SILVER SPRING, Md. (AP)...

China factory output flat, retail sales slip in July

BEIJING (AP) — China's...

Shares mostly lower in Asia after retreat on Wall Street

Shares were mostly lower...

New lockdown ratchets up economic pain in Australian city

MELBOURNE, Australia (AP) —...

Bank of England says economy will take time to heal

LONDON (AP) — The...

Record economic plunge, bleak jobs numbers reveal virus toll

WASHINGTON (AP) — The...

US is expected to report a record-breaking economic plunge

WASHINGTON (AP) — Having...

Fed sees dim economic outlook as virus squeezes economy

WASHINGTON (AP) — Federal...

Fed wrestles with its next moves as virus stalls US economy

WASHINGTON (AP) — Federal...

German economic outlook brighter for 3rd month post-shutdown

FRANKFURT, Germany (AP) —...

Pandemic to cost Australia government $131 billion this year

CANBERRA, Australia (AP) —...

IMF: U.S. economy will drop 6.6% in 2020 in face of pandemic

WASHINGTON (AP) — The...

Asian stock prices rebound after Wall Street slips

BEIJING (AP) — Asian...

Fed survey says economy has picked up but outlook cloudy

WASHINGTON (AP) — The...

Asia shares drop on jitters over virus, China-US friction

TOKYO (AP) — Shares...

US wholesale prices fell 0.2% in June as food costs plunged

WASHINGTON (AP) — U.S....

Singapore governing party set to extend power in elections

SINGAPORE (AP) — Singaporeans...

Asian shares mixed as pandemic saps buying momentum

TOKYO (AP) — Shares...

Italy, Portugal say economic forecasts show need for EU help

LISBON, Portugal (AP) —...

EU forecasts deeper economic hit from pandemic

BRUSSELS (AP) — The...

World stocks mostly dip with US closed for holiday

World stock markets fell...

Report: Tourism to Latin America hammered by COVID

MIAMI (AP) — With...

Powell says US economy facing heightened uncertainty

WASHINGTON (AP) — Federal...

US consumer spending up 8.2%, partly erasing record plunge

WASHINGTON (AP) — American...

Asian stocks follow Wall Street higher on bank news

BEIJING (AP) — Asian...

US job market’s modest improvement may be stalling

WASHINGTON (AP) — The...

US GDP fell at 5.0% rate in Q1; worse is likely on the way

WASHINGTON (AP) — The...

Orders for US big-ticket factory goods surge 15.8% in May

WASHINGTON (AP) — Orders...

IMF downgrades outlook for global economy in face of virus

WASHINGTON (AP) — The...

South Africa’s economy to see worst performance in 90 years

JOHANNESBURG (AP) — South...

German business confidence rises for 2nd consecutive month

BERLIN (AP) — German...

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