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International trade

Japan's Foreign Minister Taro Kono, center, speaks to the media after meeting with South Korean Ambassador to Japan Nam Gwan Pyo, at foreign ministry in Tokyo Friday, July 19, 2019. Japan has summoned South Korea's ambassador to protest Seoul's refusal to join in an arbitration panel to settle a dispute over World War II labor. (Masanobu Kumagai/Kyodo News via AP)
July 19, 2019 - 11:17 pm

Japan vows action if S. Korea hurts companies in trade row

TOKYO (AP) — Japan's foreign minister said Tokyo will take "necessary measures" against South Korea if interests of Japanese companies are harmed in an escalating dispute over World War II forced labor. The neighboring countries and U.S. allies are quarreling over South Korean court decisions...
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South Korean President Moon Jae-in, second from right, shakes hands with Hwang Kyo-ahn, the main opposition Liberty Korea Party chairman, during a meeting with ruling and opposition party leaders to talk about an ongoing South Korea-Japan trade conflict at the presidential Blue House in Seoul, South Korea, Thursday, July 18, 2019. (Bee Jae-man/Yonhap via AP)
July 18, 2019 - 10:22 am

South Korean political parties back Moon in Japan trade row

SEOUL, South Korea (AP) — Setting aside their usual bickering, South Korean liberal and conservative parties on Thursday vowed to cooperate to help the Seoul government prevail in an escalating trade row with Japan. After a meeting between the parties' leaders and South Korean President Moon Jae-in...
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Bank of Korea Gov. Lee Ju-yeol speaks during a press conference in Seoul, South Korea, Thursday, July 18, 2019. South Korea's central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan. (AP Photo/Ahn Young-joon)
July 18, 2019 - 3:25 am

South Korea's central bank lowers rate amid Japan trade row

SEOUL, South Korea (AP) — South Korea's central bank on Thursday cut its policy rate for the first time in three years to shore up growth threatened by a trade dispute with Japan. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50% following a meeting of its...
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An investor walks in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, July 18, 2019. Asian stock markets on Thursday followed Wall Street lower after President Donald Trump reignited trade fears by saying he could impose more tariffs on Chinese imports. (AP Photo/Vincent Thian)
July 18, 2019 - 2:44 am

Asian stocks follow Wall Street lower on trade war fears

BEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after President Donald Trump reignited trade fears by saying he could impose more tariffs on Chinese imports. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all declined. Trump alarmed investors by saying he had $325...
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FILE- In this July 1, 2019, file photo specialist Michael Gagliano, left, and trader Andrew Silverman work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 17. (AP Photo/Richard Drew, File)
July 17, 2019 - 11:46 pm

Asian stocks follow Wall Street lower on trade war fears

BEIJING (AP) — Asian stock markets on Thursday followed Wall Street lower after President Donald Trump reignited trade fears by saying he could impose more tariffs on Chinese imports. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all declined. Oil rebounded from the previous day's losses...
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July 17, 2019 - 10:51 pm

Japan's exports fall in June, hit by global trade wars

TOKYO (AP) — Japan says exports declined in June as shipments of goods were hit by global trade wars. The data released by the Finance Ministry Thursday show Japan's exports declined 6.8% compared to the same month last year, while imports fell 5.2%. The ministry also reported that the trade...
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FILE - In this July 5, 2019, file photo workers dismantle a riser, with the Washington Monument and Lincoln Memorial Reflecting Pool behind, as clean up is underway after Fourth of July celebrations in Washington. On Wednesday, July 17, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/Alex Brandon, File)
July 17, 2019 - 2:08 pm

Fed survey finds widespread concerns over trade

WASHINGTON (AP) — The Federal Reserve's latest nationwide survey reveals that despite growing worries about the impact of President Donald Trump's trade battles, the overall economy remained solid. The Fed says that many of its 12 regions saw slight gains in retail sales and home sales. Auto sales...
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David Stilwell, center left, U.S. Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs, speaks as South Korea's Deputy Foreign Minister for Political Affairs Yoon Soon-gu, center right, listens after a meeting with South Korean Foreign Minister Kang Kyung-wha at the foreign ministry in Seoul, South Korea, Wednesday, July 17, 2019. (AP Photo/Ahn Young-joon. Pool)
July 17, 2019 - 4:41 am

US wants role in efforts to settle South Korea-Japan dispute

SEOUL, South Korea (AP) — The United States will "do what we can do" to help resolve festering trade and political disputes between South Korea and Japan, a senior U.S. official said Wednesday after a series of meetings with Seoul officials. David Stilwell, the top U.S. diplomat for East Asian...
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People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, July 17, 2019. Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. (AP Photo/Koji Sasahara)
July 17, 2019 - 4:41 am

Global stocks mostly fall as Wall Street ends winning streak

TOKYO (AP) — Global stocks were mostly lower Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. France's CAC 40 fell nearly 0.1% in early trading to 21,469.18, while Germany's DAX was little changed but slightly lower at 12,427.90...
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FILE - In this Nov. 29, 2018, file photo, victims of Japan's forced labor and their family members arrive at the Supreme Court in Seoul, South Korea. Colonial-era Korean laborers on Tuesday, July 16, 2019, are seeking a court's approval for the sales of local assets of their former Japanese employer after it refused to comply with a court order to compensate them for forced labor decades ago. The sign reads "Mitsubishi Heavy Industries should compensate and apologize to victims of forced labor." (AP Photo/Ahn Young-joon, File)
July 16, 2019 - 7:41 am

Former Mitsubishi workers seek assets sale for forced labor

SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the South Korean government to sell assets of their former Japanese employer so they can be compensated for forced labor decades ago. The development comes as South Korea and Japan spar over historical issues and a decision...
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