The Associated Press

The Associated Press is an American not-for-profit news agency headquartered in New York City and founded in 1846.

EU countries agree on compromise for overhaul of bloc’s fiscal rules

Deal struck after France and Germany agree on how to support investment when budget deficits exceed set limits

By The Associated Press |December 20, 2023

1 min read

Chinese leaders wrap up annual economic planning meeting with scant details on revving up growth

The recovery after stringent pandemic restrictions were lifted was short-lived

By The Associated Press |December 8, 2023

1 min read

The reasons behind bitcoin’s surge

Bitcoin has surpassed US$41,000 for the first time since April 2022

By The Associated Press |December 4, 2023

1 min read

Economists predict U.S. economy can avoid a recession

Most of the surveyed economists expect inflation to continue to slow in 2024

By The Associated Press |December 4, 2023

1 min read

Founder of Binance, world’s largest crypto exchange, pleads guilty to anti-money laundering charge

The company agreed to pay more than $4 billion following an investigation

By The Associated Press |November 21, 2023

1 min read

German government advisers see only modest growth next year

Panel joins several other forecasters in revising downward its outlook for Europe's biggest economy

By The Associated Press |November 8, 2023

1 min read

JPMorgan CEO Jamie Dimon selling shares of the bank for first time

The bank sought to reassure investors that the stock sale is not a matter of concern

By The Associated Press |October 27, 2023

1 min read

U.S. inflation grinds lower in September

But prices continue to rise faster than is consistent with the Fed's 2% target

By Christopher Rugaber, The Associated Press  and  The Associated Press |October 12, 2023

1 min read

German government forecasts that the country’s economy will shrink by 0.4% this year

Revises April forecast, when it predicted 0.4% growth

By The Associated Press |October 11, 2023

1 min read

Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong

The firm said chairman Hui Ka Yan was subjected to ``mandatory measures in accordance with the law due to suspicion of illegal crimes"

By The Associated Press |September 28, 2023

1 min read

India shows impressive 7.8% economic growth in April to June

The country is one of the fastest growing economies of the world

By The Associated Press |August 31, 2023

1 min read

BRICS leaders locked in discussions over expansion of their economic bloc

All five leaders are said to back the principle of letting in new members, but decision still uncertain

By The Associated Press |August 23, 2023

1 min read

China’s Evergrande says it is asking U.S. court to approve debt plan

The giant Chinese real estate developer rejected news reports about bankruptcy

By The Associated Press |August 18, 2023

1 min read

Italy proposes bank tax, sending stocks plunging

The 40% tax would apply to profits from the difference between loan interest and interest paid to customers on deposits

By The Associated Press |August 8, 2023

1 min read

U.S. employers add 187,000 jobs in July, unemployment dips to 3.5%

Average hourly wages rose faster than expected and will likely worry the Fed

By The Associated Press |August 4, 2023

1 min read

Weekly applications for U.S. jobless aid tick up from five-month low

The four-week moving average of claims, a less-volatile measure, fell by 5,500 applications to 228,250

By The Associated Press |August 3, 2023

1 min read

Europe’s banks could survive a drastic economic downturn, stress test shows

Individual bank scores will be used by banking regulators in determining how much capital they need to hold in reserve

By The Associated Press |July 28, 2023

1 min read

Japan’s central bank retains key interest rate, fine tunes bond purchases for more flexibility

Benchmark interest rate stays at minus 0.1%, taking a nimbler approach to keep financial markets stable

By The Associated Press |July 28, 2023

1 min read

Amazon, Google, Meta, Microsoft agree to White House AI safeguards

Some of the commitments call for third-party oversight of commercial AI systems

By The Associated Press |July 21, 2023

1 min read

BofA hit with $250 million in fines and customer refunds for “double-dipping” fees, fake accounts

BofA has been cutting down on its reliance on overdraft fee revenue

By The Associated Press |July 11, 2023

1 min read