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Tag Archives: Global Economy

US producer prices rose in June at fastest pace in 13 months

Producer prices, distillery

WASHINGTON (AP) — Prices charged by U.S. producers rose in June at the fastest pace in 13 months, reflecting a big jump in the price of gasoline and other energy products. The Labor Department says that its producer price index, which measures cost pressures before they reach the consumer, increased 0.5 percent in June. That was the largest one-month jump ...

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Global markets drop as Bank of Japan stands pat on stimulus

MANILA, Philippines (AP) — Global stocks fell Thursday after the Bank of Japan kept its monetary policies unchanged and as investors turned their attention to next week’s “Brexit” vote on whether Britain should exit the European Union. KEEPING SCORE: Britain’s FTSE 100 fell 0.7 percent to 5,927 and Germany’s DAX dropped 0.9 percent to 9,520. France’s CAC 40 was down ...

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US stocks slide following late slump in oil prices

NEW YORK (AP) — U.S. stock indexes are falling Tuesday afternoon and energy companies are sliding with the price of oil. Makers of household products are trading lower following mixed reports about consumer behavior in the U.S. KEEPING SCORE: The Dow Jones industrial average dropped 101 points, or 0.6 percent, to 17,771 as of 3:34 p.m. Eastern time. The Standard ...

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Japan urges G-7 to urgently tackle global economic risks

ISE, Japan (AP) — Japanese Prime Minister Shinzo Abe urged fellow leaders of the Group of Seven advanced economies to unite Thursday in forging a more urgent, coordinated response to the faltering global recovery. Abe and his counterparts sat down at a big round table for the first of their summit working sessions after strolling through the grounds of the ...

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Poverty in Russia rising at fastest pace since 1990s turmoil

MOSCOW (AP) — Poverty is rising in Russia at the fastest pace since the dark days of financial and political crisis in the 1990s, the World Bank warned Wednesday. The organization, which slashed its economic growth forecasts, said 20.3 million people are this year expected to be living at or below the official poverty level of 9,662 rubles ($142) a ...

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US stocks edge mostly higher in early trading

NEW YORK (AP) — Stocks are wobbling in early trading Wednesday. Health care companies are trading higher, energy companies are rising along with the price of oil and telecommunications companies are slipping. Indexes have slumped over the last two days and the market is coming off its worst day in about a month. KEEPING SCORE: The Dow Jones industrial average ...

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UK budget unveils billions in spending cuts, tax on sugary drinks

Britain's Chancellor of the Exchequer George Osborne poses for the media with the traditional red dispatch box outside his official residence at 11 Downing Street in London, Wednesday, March 16, 2016. The Chancellor is to deliver his annual budget speech to the House of Commons later Wednesday. (AP Photo/Frank Augstein)

LONDON (AP) — Britain’s Treasury chief unveiled a budget Wednesday that included billions in cuts and an eye-catching levy on sugary drinks, underscoring his claim that this was a plan for the next generation. George Osborne warned of “a dangerous cocktail of risks” as he delivered a spending plan in which Britain acts “now so we don’t pay later.” He ...

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Employers add jobs in 30 US states in January, cut in 20

WASHINGTON (AP) — Employers stepped up hiring in 30 states in January, led by big gains in Florida, Texas and North Carolina, while 20 states shed jobs. THE NUMBERS: The unemployment rate fell in 28 states, rose in 8 and was unchanged in 14. The unemployment rate doesn’t always decline even when more hiring occurs, because more Americans may start ...

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US likely to report another month of solid hiring for Feb.

The Statue of Liberty as seen at night. (Image: StatueLibrtyNPS via Flickr)

WASHINGTON (AP) — U.S. workers have been largely insulated from a global slowdown. Job growth remains steady and wages are finally picking up — trends that will be put to the test in Friday’s employment report for February. Economists have forecast that employers added a solid 195,000 jobs last month, up from the 151,000 added in January, according to data ...

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US stocks dip following jobs report; utilities trade lower

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. Bond prices fell slightly Friday, March 4, 2016 sending yields higher, after the Labor Department reported that U.S. employers added more jobs last month than economists had expected. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Stocks are trading lower Friday morning as a three-day winning streak fades. Utility companies, one of the best-performing sectors this year, took the largest losses. The market is still on track for its third weekly gain in a row. KEEPING SCORE: The Dow Jones industrial average fell 38 points, or 0.2 percent, to 16,906 as of ...

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