China's inflation rate eases to 2 pct in February
2014-03-09 06:35:19 UTC
BEIJING (AP) — China's inflation rate eased in February to 2 percent year-on-year amid signs the world's second-largest economy might be cooling.
The consumer price rise reported Sunday by the National Bureau of Statistics was down from January...
Pledged, planned and recalled aid for Ukraine
2014-03-06 07:01:04 UTC
BRUSSELS (AP) — The United States and the European Union have offered financial aid to Ukraine and Russia has halted its rescue program for the country. The moves are part of the international tussle over Ukraine's political and economic future, p...
German consumers increasingly confident
2014-02-26 09:13:55 UTC
BERLIN (AP) — German consumers are continuing to look ahead optimistically in 2014 as Europe's largest economy's growth accelerates.
The forward-looking GfK consumer climate survey released Wednesday rose to 8.5 points for March, following a re...
NABE economists divided over pace of Fed tapering
2014-02-24 10:41:19 UTC
WASHINGTON (AP) — Business economists are almost equally divided over whether the Federal Reserve will pare back bond purchases at the current pace through year's end or take a small breather to let the economy recover further.
The views were u...
Obama budget to drop benefit cost-of-living trims
2014-02-21 08:59:31 UTC
WASHINGTON (AP) — President Barack Obama will propose an election-year budget that would drop reductions he had previously embraced in federal benefits, officials disclosed Thursday. He also will ask Congress to approve about $56 billion in new or...
Budget office: Wage hike would lift pay, cost jobs
2014-02-19 07:59:48 UTC
WASHINGTON (AP) — Boosting the federal minimum wage as President Barack Obama and congressional Democrats are proposing would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 jobs, Cong...
Obama, fellow Dems are at odds on big trade bills
2014-02-19 07:53:17 UTC
WASHINGTON (AP) — President Barack Obama wants to put major emerging trade deals with Europe and Asia on a "fast track" to congressional passage. But with midterm elections looming, many fellow Democrats are working to sidetrack them inste...
Obama signs debt ceiling measure into law
2014-02-16 07:49:11 UTC
RANCHO MIRAGE, Calif. (AP) — President Barack Obama on Saturday signed separate measures into law to lift the federal debt limit and restore benefits that had been cut for younger military retirees.
Obama signed the bills during a weekend...
Eurozone recovery accelerates but jobs elusive
2014-02-15 06:05:43 UTC
BRUSSELS (AP) — Europe's economy is growing faster, raising hopes for a sustainable recovery, but that may not be enough to bring sky-high levels of unemployment down anytime soon.
The economy of the euro bloc grew 0.3 percent in the Octobe...
Dems hope to force House vote on minimum wage hike
2014-02-14 07:53:42 UTC
CAMBRIDGE, Md. (AP) — House Democrats said Thursday they will try to highlight GOP resistance to a higher minimum wage with a tactical maneuver meant to bring new attention to an issue they consider a political winner.
House Democratic le...
Suspense in Senate: Debt vote shrouded in secrecy
2014-02-14 07:51:36 UTC
WASHINGTON (AP) — Financial markets were watching, the retirement accounts of millions of Americans on the line.
Nervous senators were watching too, well aware that political fortunes could be on the line.
So on perhaps the most impo...
Obama raises minimum wage for contract workers
2014-02-13 07:51:12 UTC
WASHINGTON (AP) — President Barack Obama increased the minimum wage for a few hundred thousand federal contractors on Wednesday, then pressed the divided Congress to pass broader legislation that would apply to all workers. Obama declared, "It's t...
'Clean' debt limit: An unequivocal victory for Obama
2014-02-12 08:25:25 UTC
WASHINGTON (AP) — For nearly three years Republicans have demanded that increases in the debt ceiling be accompanied by spending cuts.
That demand abruptly vanished Tuesday, the victim of Republican disunity and a president determined not to ba...
Yellen to investors: Expect continuity at the Fed
2014-02-11 21:59:49 UTC
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.
Facebook's Mark Zuckerberg biggest giver in 2013
2014-02-10 08:30:48 UTC
SEATTLE (AP) — Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at more than $970 million, to a Silicon Valley nonprofit in Decemb...
US Employers Rate Dips to 6.6 Pct
2014-02-08 08:02:15 UTC
WASHINGTON (AP) — A second straight month of weak job growth renewed concerns Friday that the vigor displayed by the American economy late last year may be gone, at least for the moment.
The Labor Department's monthly employment report showing ...
Moody's downgrades Puerto Rico credit rating
2014-02-07 22:36:45 UTC
SAN JUAN, Puerto Rico (AP) — Puerto Rico's credit rating was dealt its second blow in a week when Moody's Investors Service announced Friday it had downgraded the U.S. territory's debt to junk status.
The downgrade of two notches came just days...
Eurozone faces close call on interest rates
2014-02-06 06:18:25 UTC
FRANKFURT, Germany (AP) — The European Central Bank is weighing conflicting signals from the economy as it considers whether to cut interest rates again for the 18-country euro bloc.
The bank's 24-member governing council meets Thursday in Fran...
Administration drills down to find the uninsured
2014-02-05 10:12:26 UTC
WASHINGTON (AP) — Uninsured Americans are still procrastinating about President Barack Obama's health care law. With less than 60 days left to enroll, can the administration find the millions of customers needed to sustain new insurance markets?
Health care law will mean fewer people on the job
2014-02-04 23:03:21 UTC
WASHINGTON (AP) — Several million American workers will reduce their hours on the job or leave the workforce entirely because of incentives built into President Barack Obama's health care overhaul, the Congressional Budget Office said Tuesday.
Swiss bank UBS beats forecasts and shares surge
2014-02-04 12:55:50 UTC
BERLIN (AP) — A strong performance from the investment bank division and a sizeable tax gain helped Switzerland's biggest bank, UBS AG, return to profit in the fourth quarter following a large loss a year earlier.
The bank said Tuesday it made ...
Paul Ryan: Immigration legislation unlikely in 2014
2014-02-03 07:09:23 UTC
WASHINGTON (AP) — Days after House Republicans unveiled a roadmap for an overhaul of the nation's broken immigration system, one of its backers said legislation is unlikely to pass during this election year.
Rep. Paul Ryan, R-Wis., said distrus...
China faces obstacles on road to consumer society
2014-01-30 13:09:44 UTC
BEIJING (AP) — Business should be picking up for Zhao Guoping, a Beijing shopkeeper, as Chinese leaders try to build a consumer society to replace a worn-out economic model based on trade and investment. But his financial struggle highlights the h...
Economy likely showed strength at the end of 2013
2014-01-30 13:05:14 UTC
WASHINGTON (AP) — The U.S. economy likely grew solidly in the final quarter of 2013, momentum that's expected to carry into this year. Most economists think 2014 will produce the strongest growth since the recession officially ended in June 2009.
Thai firms feel squeeze from crisis, seek solution
2014-01-29 10:15:45 UTC
BANGKOK (AP) — Hotel occupancy rates in central Bangkok have plunged. Conventions have been canceled. Business deals have been postponed. Tourist bookings for coming months are way down.
The latest spasm in Thailand's near decade of political u...