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Headlines from the Associated Press

Headlines from the Associated Press

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Bank of England Governor: Bank will protect economic growth

Mon, 16 Jan 2017 19:07:05 GMT2017-01-16T19:07:05Z

LONDON (AP) -- Bank of England Governor Mark Carney says the central bank remains ready to protect economic growth in the face of pressures caused by Britain's departure from the European Union....

IMF boosts growth forecast for US, cites Trump impact

Mon, 16 Jan 2017 17:46:13 GMT2017-01-16T17:46:13Z

WASHINGTON (AP) -- The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump's policies should boost economic growth, particularly in 2018. But officials warned that if Trump's protectionist trade proposals set off a trade war, that could be "quite destructive" for the global economy....

More pay, greater confidence lifts US retail sales 0.6 pct.

Fri, 13 Jan 2017 15:49:41 GMT2017-01-13T15:49:41Z

WASHINGTON (AP) -- Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay....

German finance minister resists pressure for quick tax cuts

Fri, 13 Jan 2017 07:44:44 GMT2017-01-13T07:44:44Z

BERLIN (AP) -- Germany's finance minister is resisting pressure for quick tax cuts and extra spending after the country posted another budget surplus....

Bank of Korea cuts growth outlook as scandal hits economy

Fri, 13 Jan 2017 06:26:30 GMT2017-01-13T06:26:30Z

SEOUL, South Korea (AP) -- South Korea's central bank has trimmed its forecast for the country's growth in 2017 partly due to the fallout from a massive influence-peddling scandal....

Mexico president tries again to calm anger over gas hike

Thu, 12 Jan 2017 21:22:30 GMT2017-01-12T21:22:30Z

MEXICO CITY (AP) -- Mexico's president tried again on Thursday to calm anger over the big jump in gasoline prices this month amid a historically weak currency and continued threats by Donald Trump to steer manufacturers back to the United States....

ECB extended stimulus as 'steady hand' in turbulent year

Thu, 12 Jan 2017 13:14:57 GMT2017-01-12T13:14:57Z

FRANKFURT, Germany (AP) -- Top officials of the European Central Bank wanted to extend stimulus measures in December in part to protect the eurozone economy from what could be a turbulent political year at home and globally....

Erdogan says Turkish economy also under 'terror' attack

Thu, 12 Jan 2017 12:41:34 GMT2017-01-12T12:41:34Z

ANKARA, Turkey (AP) -- Turkish President Recep Tayyip Erdogan says the country's economy is under a "terror" attack similar to the wave of violent attacks that have targeted Turkey in recent months....

Puerto Ricans to see lower power bills amid economic crisis

Tue, 10 Jan 2017 23:21:14 GMT2017-01-10T23:21:14Z

SAN JUAN, Puerto Rico (AP) -- Puerto Ricans overwhelmed by chronically high power bills amid a decade-long economic crisis will soon see some relief....

World Bank forecasting brighter prospects for 2017

Tue, 10 Jan 2017 21:39:31 GMT2017-01-10T21:39:31Z

WASHINGTON (AP) -- The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis....