Economy

April 25, 2019 - 1:48 am

Royal Bank of Scotland chief executive to step down

LONDON (AP) — Royal Bank of Scotland says chief executive Ross McEwan is stepping down after 5 1/2 years overseeing the restructuring of a bank that was bailed out by the government during the global financial crisis. RBS said Thursday that McEwan will remain CEO while it conducts an internal and...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, April 25, 2019. Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs. (AP Photo/Lee Jin-man)
April 24, 2019 - 9:14 pm

Asian shares mixed after US stocks retreat from record high

TOKYO (AP) — Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 22,247.14. South Korea's Kospi fell nearly 0.3% to 2,195.56. Hong Kong'...
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FILE - In this Jan. 30, 2019 file photo, employees prune marijuana plants at a Fotmer SA, greenhouse in Nueva Helvecia, Uruguay. On April 24, 2019, Fotmer in Uruguay and another company in Colombia announced they will become the first to export legal medical marijuana products from Latin America to Europe, part of what the firms hope will become a growing trade. (AP Photo/Matilde Campodonico, File)
April 24, 2019 - 8:41 pm

2 firms first to export LatAm medicinal marijuana to Europe

MONTEVIDEO, Uruguay (AP) — Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced Wednesday. Fotmer Life Sciences of Uruguay and Clever Leaves of Colombia will export cannabis extract and dried marijuana...
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FILE - In this Feb. 11, 2019 file photo, Iranian Revolutionary Guard members attend a ceremony celebrating the 40th anniversary of the Islamic Revolution, at the Azadi, or Freedom, Square in Tehran, Iran. The Trump administration on Wednesday granted important exemptions to new sanctions on Iran’s Revolutionary Guard, watering down the effects of the measures while also eliminating an aspect that would have complicated U.S. foreign policy efforts. (AP Photo/Vahid Salemi)
April 24, 2019 - 12:19 pm

US gives exemptions to sanctions on Iran Revolutionary Guard

WASHINGTON (AP) — The Trump administration on Wednesday granted important exemptions to new sanctions on Iran's Revolutionary Guard, watering down the effects of the measures while also eliminating an aspect that would have complicated U.S. foreign policy efforts. Foreign governments and businesses...
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April 24, 2019 - 10:39 am

Wall Street keeps hitting records. What do investors do now?

The S&P 500 just hit an all-time high, recovering from last year's dramatic plunge. The economy seems to be on fairly solid footing, still it's anyone's guess what happens next for the stock market. So what does this mean for the average investor? Here are answers to some questions about where...
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A man looks at an electronic board displaying stock prices at a brokerage house in Beijing, Wednesday, April 24, 2019. Shares were mostly lower in Asia on Wednesday despite the S&P 500’s all-time record high close the day before. (AP Photo/Andy Wong)
April 24, 2019 - 6:31 am

World stocks subdued as Wall Street eyes new record highs

BANGKOK (AP) — Stock markets were subdued in Europe and Asia on Wednesday as investors look to corporate earnings for clues on whether the S&P 500 will hit another all-time record close. The FTSE 100 in Britain lost 0.3% to 7,502 while the CAC 40 in France was flat at 5,590. The DAX in Germany...
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A cargo ship is seen on the river Main with the bank buildings in background in Frankfurt, Germany, late Wednesday, April 17, 2019. (AP Photo/Michael Probst)
April 24, 2019 - 5:01 am

German business outlook darkens amid trade slowdown

FRANKFURT, Germany (AP) — An index of German business optimism fell in April as Europe's largest economy struggles with a slowdown in trade and manufacturing even as it finds support from a strong labor market. The Ifo institute said Wednesday its business climate index slipped to 99.2 points from...
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FILE - In this Sept. 11, 2017, file photo, The United Nations Security Council votes to pass a new sanctions resolution against North Korea during a meeting at U.N. headquarters. Some experts say North Korean Kim Jong Un may ask Russian President Vladimir Putin in a meeting set to take place in Vladivostok on Thursday, April 25, 2019, to voice strong opposition to the sanctions, enforce them less stringently and send humanitarian food aid to North Korea. (AP Photo/Jason DeCrow, File)
April 23, 2019 - 9:42 pm

Kim looks to Russia as sanctions bite North Korea's economy

SEOUL, South Korea (AP) — Two months after he failed to win a badly needed easing of sanctions from President Donald Trump, North Korean leader Kim Jong Un is traveling to Russia in a possible attempt to win its help as the U.S.-led trade sanctions hurt his country's already-struggling economy...
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April 23, 2019 - 8:28 pm

White House announces more trade talks with China

WASHINGTON (AP) — The White House says a U.S. delegation will travel to Beijing next week to continue trade negotiations, and a Chinese delegation will return to Washington for additional talks starting May 8. President Donald Trump has slapped tariffs on $250 billion in Chinese imports in a...
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FILE - In this March 12, 2019, file photo, trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 23. (AP Photo/Richard Drew, File)
April 23, 2019 - 6:54 pm

S&P 500, Nasdaq close at record highs as earnings roll in

The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war...
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