Economy

A currency trader talks on the phone near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, May 25, 2020. Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. But shares fell in Hong Kong on Monday after police used tear gas to quell weekend protests over a proposed national security bill for the former British colony. (AP Photo/Lee Jin-man)
May 24, 2020 - 9:13 pm
TOKYO (AP) — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. But shares fell in Hong Kong on Monday after police used tear gas to quell weekend protests over a proposed national security bill for the...
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Pedestrians pass a street crossing Friday, May 22, 2020, in Tokyo. Tokyo is still under a coronavirus state of emergency until the end of May though there have been no hard lockdowns. (AP Photo/Eugene Hoshiko)
May 24, 2020 - 8:03 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Japan set to remove state of emergency from Tokyo,...
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FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)
May 24, 2020 - 11:38 am
WASHINGTON (AP) — President Donald Trump has a new pitch to voters for this fall: Trust me. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November...
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FILE - In this May 14, 2020, file photo House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill in Washington. Republicans are brandishing the latest approach in their uphill fight for House control this November: battering moderate Democrats for backing a $3 trillion coronavirus relief bill promising benefits for immigrants who entered the U.S. illegally. (AP Photo/Andrew Harnik, File)
May 23, 2020 - 7:34 am
WASHINGTON (AP) — Republicans are brandishing the latest weapon in their uphill fight for House control this November: votes by moderate Democrats to pass a $3 trillion coronavirus relief bill promising benefits for immigrants who entered the U.S. illegally. They're also celebrating their recent...
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Cemetery musician Victor Dzib Cima, 70, plays his accordion as he waits for clients while cemetery workers remove coffins from gravesites that belonged to families who stopped paying rent at the San Nicolas Tolentino Pantheon, where he has worked for tips for 22 years, in the Iztapalapa area of Mexico City, Friday, May 22, 2020. The cemetery is making space for more burials amid the COVID-19 pandemic, and it is custom for cemeteries in Mexico to rent, instead of sell, grave sites. (AP Photo/Marco Ugarte)
May 22, 2020 - 6:46 pm
RIO DE JANEIRO (AP) — A surging coronavirus is ravaging parts of Latin America, setting records for cases and deaths Friday in some countries in the world's most unequal region even as the pandemic's march slows in much of Europe, Asia and the United States. Latin America's two largest nations —...
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Secretary of State Mike Pompeo speaks during a press briefing at the State Department on Wednesday, May 20, 2020, in Washington. (Nicholas Kamm/Pool Photo via AP)
May 22, 2020 - 5:37 pm
WASHINGTON (AP) — Secretary of State Mike Pompeo on Friday condemned China's effort to take over national security legislation in Hong Kong, calling it “a death knell for the high degree of autonomy" that Beijing had promised the territory. Pompeo called for Beiing to reconsider the move and warned...
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A man stands in front of an electronic stock board showing Japan's Nikkei 225 index as a track goes by at a securities firm in Tokyo Friday, May 22, 2020. Shares are slipping in Asia as tensions flare between the U.S. and China and as more job losses add to the economic fallout from the coronavirus pandemic. (AP Photo/Eugene Hoshiko)
May 22, 2020 - 2:07 pm
Stock indexes finished mostly higher Friday as Wall Street shook off an early slide, closing out a solid week of gains for the market. The S&P 500 index inched up 0.2% after having been down 0.5%. It ended the week with a 3.2% gain, largely due to a big rally on Monday that offset all of the...
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A doorman wearing a face shield and mask to protect from coronavirus stands outside the main entrance of the Fortnum & Mason department store as customers leave carrying shopping bags in the Piccadilly area of central London, Friday, May 22, 2020. The store reopened its food hall department for customers to enter yesterday as part of a phased reopening as the British government is beginning to relax aspects of its nationwide coronavirus lockdown. (AP Photo/Matt Dunham)
May 22, 2020 - 1:35 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus. ________________________ SUPPLY DEMANDED: The virus has upended supply chains and...
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FILE - In this Aug. 7, 2019, file photo, Reserve Bank of India (RBI) Governor Shaktikanta Das speaks during a press conference in Mumbai, India. India’s central bank on Friday, May 22, 2020, cut its key interest rate to 4% to revive the economy severely hit the coronavirus outbreak and a two-month lockdown. Reserve Bank of India Governor Das also said India's gross domestic product in financial 2020-21 was expected to have negative growth. (AP Photo/Rajanish Kakade, File)
May 22, 2020 - 8:04 am
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it. Reserve Bank of India Governor Shaktikanta Das forecast that the economy will contract in fiscal 2020-21. He did not...
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After being closed for several weeks due to the coronavirus outbreak, Chandler Fashion Center Mall welcomes back patrons with many social distancing guideline signs Sunday, May 17, 2020, in Chandler, Ariz. Much of the country remains unlikely to venture out to bars, restaurants, theaters or the gym anytime soon, despite state and local officials increasingly allowing businesses to reopen. That's according to a new survey by The Associated Press-NORC Center for Public Affairs Research. (AP Photo/Ross D. Franklin)
May 22, 2020 - 7:26 am
WASHINGTON (AP) — Much of the country remains unlikely to venture out to bars, restaurants, theaters or gyms anytime soon, despite state and local officials across the country increasingly allowing businesses to reopen, according to a new survey by The Associated Press-NORC Center for Public...
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