Economy News

October 20, 2017

End of an era as Hong Kong stock trading floor set to close

Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its ...

October 20, 2017

Japan standards inspectors search Kobe Steel over faked data

Japan's industrial standards inspection agency was searching offices of metals maker Kobe Steel on Friday as investigations ...

October 20, 2017

Toyota, Honda confirm safety of some Kobe Steel products

Japanese automakers have confirmed use of Kobe Steel products affected by fake inspection data, but say they have found no ...

October 20, 2017

Workers at iPhone supplier in China protest unpaid bonuses

Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier's factory in eastern ...

October 20, 2017

California won't make its attorney licensing exam easier

Becoming a lawyer in California isn't going to get easier after the state Supreme Court decided not to lower the minimum ...

October 20, 2017

Shares of United Airlines tumble after 3Q financial report

Shares of United Airlines dropped more than 12 percent on Thursday — their biggest one-day percentage decline in eight years ...

October 19, 2017

Stitch Fix, an online styling service, files to go public

Stitch Fix, an online clothing styling service, has filed to go public. The company is one of several that ships shoppers ...

October 19, 2017

Google parent leads $1B Lyft investment, deepening Uber rift

Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market ...

October 19, 2017

Spain set to strip Catalonia of powers over independence bid

The crisis over Catalonia's quest for independence escalated Thursday, as Spain's central government prepared the ...

October 19, 2017

The Latest: EU chief: No role for EU in Catalonia dispute

The Latest on the Spain-Catalonia political crisis (all times local): 8:40 p.m. European Council President Donald Tusk is ...

October 19, 2017

UK probes alleged money laundering link to South Africa

U.K. authorities are investigating allegations that British banks inadvertently acted as conduits for money laundering linked ...

October 19, 2017

Global stock markets slip as China's growth slows

Global stocks mostly fell Thursday after data showed that China's economic growth slowed slightly and tensions rose over the ...

October 19, 2017

British retail sales slip amid household income squeeze

Official figures show that retail sales in Britain fell by a bigger than anticipated 0.8 percent in September, a drop that ...

October 19, 2017

Asian markets mixed as data shows China growth slowed

Asian markets were mixed on Thursday after Wall Street closed at record highs. Data showed that China's quarterly growth ...

October 19, 2017

Bank of Korea raises South Korea's outlook on strong exports

South Korea's central bank said Thursday Asia's fourth-largest economy is likely to grow at a 3.0 percent annual pace this ...

October 19, 2017

China's conflicted goals: Freer markets, more party control

China's ruling Communist Party is expanding its role in business even as it promises freer markets and support for ...

October 19, 2017

Japan trade surplus leaps on strong exports to rest of Asia

Japan's trade surplus leaped nearly 38 percent in September from a year earlier, on strong shipments of cars, car parts and ...

October 19, 2017

Hurricanes help push down United's 3Q profit by one-third

United Airlines' third-quarter profit fell by one-third as the carrier was rocked by hurricanes that hit its hub in Houston ...

October 19, 2017

American Express CEO Kenneth Chenault to retire next year

Kenneth Chenault, one of the most prominent black corporate leaders and long-time chairman and CEO of American Express, is ...