Economic policy

August 06, 2018 - 1:38 am
BEIJING (AP) — China has tightened controls on trading in its yuan to discourage speculators after a decline against the dollar amid a tariff dispute with Washington fueled fears of a damaging outflow of capital from the world's second-largest economy. Traders must post a 20 percent deposit...
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FILE - In this Wednesday, Jan. 31, 2018 file photo, British Secretary of State for International Trade Liam Fox speaks during the inaugural meeting of the UK-China CEO Council at the Great Hall of the People in Beijing. Britain's international trade minister says it's likely the U.K. will fail to agree a divorce deal with the European Union before it leaves the bloc next year. Trade Secretary Liam Fox told the Sunday Times newspaper on Sunday, Aug. 5 that "intransigence" by EU officials "is pushing us towards no deal." (AP Photo/Mark Schiefelbein, file)
August 05, 2018 - 7:04 am
LONDON (AP) — Britain's international trade minister says it's likely the U.K. will fail to agree upon a divorce deal with the European Union before it leaves the bloc in March — the latest in a growing chorus of warnings that the negotiations are in crisis. Trade Secretary Liam Fox told the Sunday...
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August 04, 2018 - 7:18 am
BERLIN (AP) — Germany's central bank is changing its terms and conditions to provide for deeper scrutiny of cash transfers, a move that comes as Iran seeks to repatriate cash held in a Hamburg-based bank and the U.S. presses allies to get tough on Tehran. Iran wants to bring home 300 million euros...
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Republican U.S. Rep. Marsha Blackburn campaigns Thursday, Aug. 2, 2018, at a cafe in Brentwood, Tenn. Blackburn is strongly embracing President Donald Trump as she claims the Republican nomination for Tennessee's open U.S. Senate seat. (AP Photo/Mark Humphrey)
August 03, 2018 - 11:47 am
NASHVILLE, Tenn. (AP) — Basking in the afterglow of an emphatic Republican primary victory Thursday in her bid for the U.S. Senate, U.S. Rep. Marsha Blackburn proclaimed it a victory for the agenda of President Donald Trump, a statement from Tennessee voters that they want to give him their full...
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August 02, 2018 - 7:03 am
LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed a strong jobs market and high inflation against growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise...
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FILE - In this Oct. 27, 2017 file photo, workers assemble Ford trucks at the Ford Kentucky Truck Plant in Louisville, Ky. U.S. factories grew at a slower pace in July 2018, but American industry remains healthy. The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index slipped last month to 58.1 from 60.2 in June. Anything over 50 signals growth, and U.S. manufacturing is on a 23-month winning streak. Seventeen of 18 manufacturing industries (AP Photo/Timothy D. Easley, File)
August 01, 2018 - 11:01 am
WASHINGTON (AP) — U.S. factories grew at a slower pace in July, but American industry remains healthy despite growing concern about trade conflicts. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index slipped last month to 58.1 from...
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August 01, 2018 - 6:14 am
NEW DELHI (AP) — India's central bank has raised its key interest rate by a quarter of a percentage point to 6.5 percent, saying that global growth has become uneven and risks to the outlook have increased with rising trade tensions. The second interest hike since January 2014 was announced by the...
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August 01, 2018 - 6:11 am
BEIJING (AP) — China's government warned Wednesday it will retaliate if Washington imposes new trade penalties, following a report the Trump administration will propose increasing the tariff rate on an additional $200 billion of Chinese imports. A foreign ministry spokesman, Geng Shuang, said...
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FILE - In this March 17, 2011, file photo, cans of Coca-Cola and Diet Coke sit in a cooler at a deli in Portland, Ore. Items ranging from canned beverages to airline tickets will likely get more expensive, companies warn, as they face higher costs. Procter & Gamble, one of the biggest makers of consumer products, said Tuesday, July 31, 2018, that Pampers prices will increase by an average of 4 percent in North America, while the Bounty, Charmin and Puffs brands could see 5 percent increases. (AP Photo, File)
August 01, 2018 - 3:12 am
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs...
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An investor sits in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Wednesday, Aug. 1, 2018. Asian markets were mixed on Wednesday as traders were unsure if reported efforts by the U.S. and China to restart trade talks would bear fruit. (AP Photo/Vincent Thian)
August 01, 2018 - 2:49 am
SINGAPORE (AP) — Asian shares are mixed as U.S. plans to raise tariffs on $200 billion of Chinese imports and weaker-than-expected manufacturing data weighed on sentiment. KEEPING SCORE: Japan's Nikkei 225 index rose 0.9 percent to 22,746.70 and South Korea's Kospi added 0.5 percent to 2,307.02 on...
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