Fiscal policy

People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 17, 2020. Markets are mixed in Asia, with Japan's benchmark slipping 0.8% after the government reported the economy contracted in the last quarter. (AP Photo/Vincent Yu)
February 16, 2020 - 10:30 pm
BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China's shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of...
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FILE - In this Wednesday, Jan. 22, 2020, file photo, shows the waterfront in Portland, Maine. On Thursday, Jan. 30, the Commerce Department issues the first estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Robert F. Bukaty, File)
January 30, 2020 - 2:14 pm
WASHINGTON (AP) — The U.S. economy expanded at a moderate 2.1% annual rate in the final three months of 2019, capping a year when a weak global landscape and a sharp pullback in business investment resulting from President Donald Trump's trade fights combined to slow growth. The fourth-quarter rise...
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U.S. President Donald Trump leaves the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. Trump's two-day stay in Davos is a test of his ability to balance anger over being impeached with a desire to project leadership on the world stage. (AP Photo/Markus Schreiber)
January 22, 2020 - 4:05 pm
WASHINGTON (AP) — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the future, a move that would mark a tectonic shift from his stance during his 2016 run for the White House. Trump suggested he was open to a cut in...
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Passengers wearing masks walk by as a quarantine officer, center, monitors a thermography during a quarantine inspection at Kansai international airport in Osaka, western Japan, Wednesday, Jan. 22, 2020. Chinese health authorities urged people in the city of Wuhan to avoid crowds and public gatherings after warning on Wednesday that a new viral illness infecting hundreds of people in the country. Japan, South Korea, the United States and Taiwan have all reported one case each. All of the illnesses were of people from Wuhan or who recently had traveled there. (Kota Endo/Kyodo News via AP)
January 22, 2020 - 12:05 pm
BANGKOK (AP) — News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum. Health authorities across Asia have been stepping up...
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WWL AP Feed General
January 16, 2020 - 8:09 pm
BEIJING (AP) — China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending...
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WWL AP Feed General
January 13, 2020 - 1:07 pm
The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. In its monthly budget report, the Treasury Department said Monday that the deficit from...
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Jung Ji-won, third from left, chief executive of the Korea Exchange, and Financial Services Commission Chairman Eun Sung-soo, fourth from left, applaud with other participants during the opening of this year's trading in Seoul, South Korea, Thursday, Jan. 2, 2020. The sign read: "Opening ceremony of 2020 trading." (AP Photo/Ahn Young-joon)
January 02, 2020 - 7:47 am
TOKYO (AP) — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1% as well,...
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WWL AP Feed General
January 01, 2020 - 4:20 am
BEIJING (AP) — China's central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy. The People's Bank of China announced that the reserve requirement ratio for financial institutions would be lowered by 50...
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In this Sept. 23, 2019 photo, rescued migrants look at a map of Europe aboard the Ocean Viking humanitarian ship as it sails in the Mediterranean Sea. The misery of migrants in Libya has spawned a thriving and highly lucrative business, in part funded by the EU and enabled by the United Nations, an Associated Press investigation has found. (AP Photo/Renata Brito)
December 31, 2019 - 2:14 pm
TRIPOLI, Libya (AP) — When the European Union started funneling millions of euros into Libya to slow the tide of migrants crossing the Mediterranean, the money came with EU promises to improve detention centers notorious for abuse and fight human trafficking. That hasn’t happened. Instead, the...
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FILE — In this Aug. 28, 2019 file photo supporters of a measure to limit when companies can label workers as independent contractors circle the Capitol during a rally in Sacramento, Calif. Gov. Gavin Newsom signed a measure, to take effect in 2020, making it harder for industries to treat workers like contractors instead of employees who are entitled to minimum wage and other benefits. Uber, Lyft and DoorDash have said they'll spend $30 million to put an initiative on the 2020 ballot to overturn the law. (AP Photo/Rich Pedroncelli, File)
December 29, 2019 - 10:32 am
SACRAMENTO, Calif. (AP) — California’s long tradition of advancing nation-leading legislation continues into the new year, with laws reining in the gig economy, boosting online privacy and discouraging shootings by police, among other potential trend-setters. The laws have sent businesses including...
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