Economy

UK inflation rate rises unexpectedly to 3.1 percent

Dec 12, 2017

Bank of England Governor Mark Carney will have to write a letter to Britain's Treasury chief explaining why inflation in the country is running by more than a percentage point above target

World shares retreat ahead of Fed interest rate decision

Dec 12, 2017

World shares fall back as investors show caution over Fed, China

Admin says big revenue from GOP tax plan; analysts less rosy

Dec 12, 2017

Administration asserts GOP-backed tax overhaul will deliver a swift adrenaline shot to the economy that will send hundreds of billions pouring into federal tax coffers.

Homeless in Rio skyrockets, creating tensions, violence

Dec 12, 2017

The homeless population in Rio de Janeiro has skyrocketed, leading to tensions that city officials are scrambling to address

Asian shares fall back as investors show caution over China

Dec 12, 2017

Asian shares fall back as investors show caution over Fed, China

Trump administration gives tax overhaul plan rosy assessment

Dec 12, 2017

The Trump administration is estimating the Republican tax bill will generate a large part of $1.8 trillion in new tax revenue over 10 years from a boost to economic growth

Charges: Turkish businessman exported US goods to Iran

Dec 12, 2017

Federal prosecutors allege a Turkish businessman helped illegally route Wisconsin-made outboard engines and boat generators to the Iranian navy

UN: Global economy is growing at 3 percent _ best since 2011

Dec 11, 2017

The United Nations says the global economy is growing by about 3 percent _ its highest rate since 2011 _ and a significant acceleration from last year

US says WTO losing focus on trade, becoming litigation group

Dec 11, 2017

The United States is accusing the World Trade Organization of losing its focus on trade and "becoming a litigation-centered organization."

Markets Right Now: More records for S&P 500, Dow industrials

Dec 11, 2017

Stocks ended modestly higher on Wall Street, enough to mark more record highs for the S&P 500 index and the Dow Jones industrials. Technology stocks drove the gains Monday.