International trade

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
September 18, 2019 - 4:49 pm
WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by an...
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File -- In this Friday, May 17, 2019 photo a training ship for Saudi Arabia's border guard is pictured at the Peene shipyard in Wolgast, northern Germany. The German government extended the export ban on military equipment for Saudia Arabia until March 31, 2020. (Stefan Sauer/dpa via AP, file)
September 18, 2019 - 10:15 am
BERLIN (AP) — Germany has extended its ban on defense industry exports to Saudi Arabia for another six months, despite some calls for it to be relaxed in the wake of the recent attacks on the country's oil production facilities. The government said Wednesday the ban had been extended for six months...
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In this July 8, 2019, photo, Honda cars, foreground, for export park at Yokohama port, near of Tokyo in Tokyo. Japan’s exports fell 12 percent in August from a year earlier as it logged a second straight month of deficits as the toll from trade tensions between its two largest markets deepened.(AP Photo/Koji Sasahara)
September 18, 2019 - 3:14 am
TOKYO (AP) — Japan's exports fell 8% in August from a year earlier, as trade tensions took a growing toll on demand across the region. Exports of machinery, vehicles and chemicals all declined, the Finance Ministry reported Wednesday. Exports totaled 6.1 trillion yen ($56 billion), while imports...
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CORRECTS DATE PHOTO TAKEN - Lee Ho-hyeon, a director general for International Trade Policy at the Trade, Industry and Energy Ministry, speaks at the government complex in Sejong, South Korea, Tuesday, Sept. 17, 2019. South Korea has gone through with plans to drop Japan from a list of countries receiving fast-track approvals in trade in a tit-for-tat reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic dispute. (Jin Sung-chul/Yonhap via AP)
September 17, 2019 - 10:44 pm
SEOUL, South Korea (AP) — South Korea on Wednesday followed through with plans to drop Japan from a list of countries receiving fast-track approvals in trade, a reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic dispute. South Korea' trade ministry said...
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Democratic presidential candidate U.S. Sen. Bernie Sanders arrives onstage at the "Workers' Presidential Summit" at the Convention Center in Philadelphia Tuesday, Sept. 17, 2019. The Philadelphia Council of the AFL-CIO hosted the event. (Tom Gralish/The Philadelphia Inquirer via AP)
September 17, 2019 - 9:38 pm
PHILADELPHIA (AP) — The high-stakes fight for working-class voters moved to Pennsylvania on Tuesday as a slate of Democratic White House hopefuls vowed to use the power of the presidency to crack down on corporate America and strengthen organized labor. But beneath all the agreement at the AFL-CIO...
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September 17, 2019 - 2:08 am
TOKYO (AP) — Officials in Japan appear wary over the prospects for a trade deal with the U.S. after President Donald Trump said he was prepared to sign a pact soon. Japan's chief government spokesman, Yoshihide Suga, said Tuesday that the two sides are still finalizing details after reaching a...
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In this Wednesday, Sept. 11, 2019, photo, a man checks on the robotic arms at a factory making industrial robots in Zhengyu town of Haimen city in east China's Jiangsu province. A Chinese envoy is going to Washington on Wednesday, Sept. 18, to prepare for trade negotiations. The announcement Tuesday, Sept. 17, follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. (Chinatopix via AP)
September 17, 2019 - 1:33 am
BEIJING (AP) — A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations. The announcement Tuesday follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. A deputy...
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This image provided on Sunday, Sept. 15, 2019, by the U.S. government and DigitalGlobe and annotated by the source, shows damage to the infrastructure at Saudi Aramco's Kuirais oil field in Buqyaq, Saudi Arabia. The drone attack Saturday on Saudi Arabia's Abqaiq plant and its Khurais oil field led to the interruption of an estimated 5.7 million barrels of the kingdom's crude oil production per day, equivalent to more than 5% of the world's daily supply. (U.S. government/Digital Globe via AP)
September 16, 2019 - 8:11 pm
WASHINGTON (AP) — The Latest on tensions in the Persian Gulf and the fallout after weekend attack on major oil sites in Saudi Arabia (all times local): 5:10 p.m. Saudi Arabia says its initial investigations indicate that Iranian weapons were used in attacks on key oil installations and it "will...
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Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, Sunday, Sept. 15, 2019. The weekend drone attack in Buqyaq on one of the world's largest crude oil processing plants that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner -- the Saudi government and its ruling family. (AP Photo/Amr Nabil)
September 16, 2019 - 7:34 pm
Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. It was an increase on par with the 1991 Gulf War and analysts said heightened tensions in the Middle East could keep prices elevated...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 16, 2019 - 12:37 pm
WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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