Economy

A currency trader watches the computer monitors near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, Sept. 16, 2019. An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though they moderated on expectations that reserves will help bridge any shortfalls in output.(AP Photo/Lee Jin-man)
September 16, 2019 - 6:23 am
BEIJING (AP) — Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Market benchmarks in Europe dropped after Asian markets mostly closed lower, while Wall Street futures were down slightly. Shanghai's index was unchanged...
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Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, Sunday, Sept. 15, 2019. The weekend drone attack in Buqyaq on one of the world's largest crude oil processing plants that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner -- the Saudi government and its ruling family. (AP Photo/Amr Nabil)
September 16, 2019 - 4:58 am
The loss of 5% of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher on Monday. U.S. crude oil was trading 9% higher while Brent crude added more than 9.4%. The attack on the Saudi Aramco facility halted output of more than half...
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In this Thursday, Sept. 5, 2019, photo, a roadside fruit seller waits for customers as vehicles drive past in Noida on the outskirts of New Delhi, India. Confidence in the Indian economy is giving way to uncertainty as growth in the labor-intensive manufacturing sector has come to a near standstill, braking to 0.6% in the last quarter from 12.1% in the same period a year earlier. (AP Photo/Altaf Qadri)
September 16, 2019 - 2:10 am
NEW DELHI (AP) — Anuj Kapoor took over his father's booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. Seven years later, he's had to lay off half his workers as drooping sales caused his profit to plummet by at least 80%...
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Vice President Mike Pence arrives to the West Wing of the White House, Sunday, Sept. 15, 2019, in Washington. (AP Photo/Jacquelyn Martin)
September 15, 2019 - 10:02 pm
DUBAI, United Arab Emirates (AP) — The Latest on the tensions in the Persian Gulf a day after Iran-backed Yemeni rebels attacked major oil sites in Saudi Arabia (all times local): 4 a.m. President Donald Trump appears to be disputing the comments of senior aides, including Secretary of State Mike...
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FILE - This May 16, 2014, file photo shows the General Motors logo at the company's world headquarters in Detroit. The United Auto Workers union is letting its contract with General Motors expire just before midnight Saturday, Sept. 14, 2019, increasing the likelihood of a strike as early as Sunday night. (AP Photo/Paul Sancya, File)
September 15, 2019 - 6:30 pm
DETROIT (AP) — The Latest on labor strife at General Motors factories (all times local): 7:20 p.m. United Auto Workers says contract talks with General Motors will resume Monday morning, but the threat of a strike remains. Union spokesman Brian Rothenberg says the negotiations are slated to begin...
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German Chancellor Angela Merkel holds her bag as she arrives for a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Wednesday, Sept. 11, 2019. (AP Photo/Michael Sohn)
September 14, 2019 - 2:00 pm
BERLIN (AP) — Germany faces a decisive week in its efforts to combat climate change, with Chancellor Angela Merkel pledging Saturday that Europe's biggest economy will find good solutions but her governing coalition still haggling over a long-promised policy package. Merkel's government has said...
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September 14, 2019 - 9:01 am
OUAGADOUGOU, Burkina Faso (AP) — The heads of state from 15 countries in the West African economic bloc known as ECOWAS met Saturday to discuss the fight against Islamic extremism and the impact of the G5 Sahel Joint Force set up to combat its spread. Leaders from West Africa have long been warning...
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The casket of former president Robert Mugabe, covered by the national flag and followed by family and dignitaries, arrives for a state funeral at the National Sports Stadium in the capital Harare, Zimbabwe Saturday, Sept. 14, 2019. African heads of state and envoys are gathering to attend a state funeral for Mugabe, whose burial has been delayed for at least a month until a special mausoleum can be built for his remains. (AP Photo/Ben Curtis)
September 14, 2019 - 7:10 am
HARARE, Zimbabwe (AP) — African heads of state joined thousands of Zimbabweans at a state funeral Saturday for Zimbabwe's founding president, Robert Mugabe , whose burial has been delayed for at least a month until a special mausoleum can be built for his remains. The service and viewing of the...
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Traders Edward Curran, left, and Gregory Rowe work on the floor of the New York Stock Exchange, Friday, Sept. 13, 2019. Stocks are having a mixed performance early on Wall Street Friday as gains in banks and energy companies are offset somewhat by a drop in technology stocks. (AP Photo/Richard Drew)
September 13, 2019 - 11:06 am
NEW YORK (AP) — U.S. stocks gave a mixed performance in midday trading on Friday as health care, banks and industrial companies gained ground and offset a decline in technology stocks. Still, stocks are on track for their third straight weekly gain, having been bolstered in prior sessions by an...
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FIEL - In this Aug. 26, 2019, file photo, a computer screen shows images of Chinese President Xi Jinping, right, and U.S. President Donald Trump as a currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Friday, Sept. 13, 2019, in a possible goodwill gesture ahead of negotiations. (AP Photo/Ahn Young-joon, File)
September 13, 2019 - 10:35 am
BEIJING (AP) — China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Friday, adding to conciliatory gestures by the two sides ahead of negotiations. China will suspend tariff hikes on soybeans, pork and some other farm goods, the...
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