Economy

US weekly requests for jobless aid down 12,000 to 232,000

Aug 17, 2017

Fewer Americans applied for jobless aid last week, as the number of people seeking benefits remained close to historic lows. The Labor Department says that weekly unemployment applications fell by 12,000 to a seasonally-adjusted 232,000.

European Central Bank still concerned about low inflation

Aug 17, 2017

An account of the European Central Bank's last meeting shows its policymakers were still concerned that inflation was too low

Global stocks slip as investors digest central bank reports

Aug 17, 2017

Global stock markets mostly lower as investors digest accounts of US and eurozone central banks' meetings

UK retail sales grow modestly as consumers remain cautious

Aug 17, 2017

Official figures are showing that retail sales in Britain rose by a solid if unspectacular 0.3 percent in July from the month before

China warns Washington against 'trade war'

Aug 17, 2017

China's government has warned Washington 'there is no winner in a trade war' after an aide to President Donald Trump called in published comments for a tougher stance toward Beijing

New Zealand lawmaker says good chance of Pacific trade deal

Aug 17, 2017

New Zealand's trade minister says he believes there's an odds-on chance that a group of 11 Pacific nations including Japan and Australia will sign a free trade deal, despite the U.S. pulling out

Philippine economy grows 6.5 percent in second quarter

Aug 17, 2017

The Philippine economy grew 6.5 percent in the second quarter from a year ago

Asian shares mostly higher following gains on Wall Street

Aug 17, 2017

Asian share benchmarks higher after Wall St. gains, upbeat Japan trade data

Battered bronze sphere returns to World Trade Center site

Aug 17, 2017

A 25-ton, bronze sphere damaged by the collapsing World Trade Center is finally being returned to a spot overlooking the rebuilt site

Japan trade surges in July on strong demand in China, US

Aug 17, 2017

Japan trade surges on strong demand from U.S., China, Southeast Asia, surplus down 17 percent from year earlier