trade disputes

NEW YORK | Stocks open higher on Wall Street after 2 days of big losses

NEW YORK — Stocks in the U.S. are higher Wednesday morning after two days of steep losses, and major European indexes are also recovering. Major technology companies including Apple and Microsoft are up after they’ve tumbled in the last few days. Crude oil prices are up about 2 percent after they sank to a one-year … Continue reading NEW YORK | Stocks open higher on Wall Street after 2 days of big losses

PARIS | World economy has ‘passed its peak’ as trade wars weigh

PARIS — A global economic watchdog says world growth has passed its peak and faces growing risks, including from trade disputes and higher interest rates. The Organization for Economic Co-operation and Development, which advises many of the world’s richest economies, said Wednesday it has cut its forecast for global growth next year to 3.5 percent … Continue reading PARIS | World economy has ‘passed its peak’ as trade wars weigh

WASHINGTON | US factories grew more slowly in October

WASHINGTON — American manufacturers grew at a slower pace in October as factories contended with supply disruptions caused by trade disputes with China, Europe and other trading partners. The Institute for Supply Management, an association of purchasing managers, says its manufacturing index slipped to 57.7 last month from 59.8 in September. Anything above 50 signals … Continue reading WASHINGTON | US factories grew more slowly in October

BERLIN  | German business confidence dips on growing global concerns

BERLIN  — A closely-watched survey shows German business confidence slipping amid growing concerns about trade disputes and other economic issues. The Munich-based Ifo Institute said Thursday its survey of the outlook of German business executives fell to 102.8 points in October from 103.7 in September. It was the second monthly fall in a row. Survey … Continue reading BERLIN  | German business confidence dips on growing global concerns

WASHINGTON | US factories grew at slower pace in September

WASHINGTON — U.S. factories grew at a slower pace in September as manufacturers continued to cope with supply disruptions stemming from trade disputes with China, Europe, Mexico and Canada. The disruptions forced manufacturers to make a larger draw on their inventories. Overall the country’s industry continues to show strength, the Institute for Supply Management reported … Continue reading WASHINGTON | US factories grew at slower pace in September

FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

FRANKFURT, Germany  — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins, but warned that “growing protectionism” is a threat to the globally connected car industry. The automaker based in Wolfsburg, Germany, said Wednesday that profit increased 6.8 percent to 3.31 billion ($3.85 billion) euros, despite a charge … Continue reading FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

WASHINGTON | Lagarde urges countries to settle trade disputes, cut debt

WASHINGTON | April 20, 2018 (AP)(STL.News) The head of the International Monetary Fund is urging countries to work out their differences over trade and take advantage of a healthy world economy to reduce debt before the next downturn comes. IMF Managing Director Christine Lagarde told reporters that “the near-term prospect for the global economy appears … Continue reading WASHINGTON | Lagarde urges countries to settle trade disputes, cut debt