Economy

Cuba's new president Miguel Diaz-Canel, left, and former president Raul Castro, salutes, after Diaz-Canel was elected as the island nation's new president, at the National Assembly in Havana, Cuba, Thursday, April 19, 2018. Castro left the presidency after 12 years in office when the National Assembly approved Diaz-Canel's nomination as the candidate for the top government position. (Alexandre Meneghini/Pool via AP)
April 20, 2018 - 12:10 am
HAVANA (AP) — Miguel Diaz-Canel has been the presumptive next president of Cuba since 2013, when Raul Castro named the laconic former provincial official to the important post of first vice president and lauded him as "neither a novice nor an improviser," high praise in a system dedicated to...
Read More
Outgoing President Raul Castro raises his arms in celebration after Miguel Diaz-Canel was elected as the island nation's new president, at the National Assembly in Havana, Cuba, Thursday, April 19, 2018. Castro passed Cuba's presidency to Diaz-Canel, putting the island's government in the hands of someone outside the Castro family for the first time in nearly six decades. He remains head of the powerful Communist Party that oversees political and social activities. (Adalberto Roque/Pool via AP)
April 19, 2018 - 9:10 pm
HAVANA (AP) — Raul Castro turned over Cuba's presidency Thursday to a 57-year-old successor he said would hold power until 2031, a plan that would place the state the Castro brothers founded and ruled for 60 years in the hands of a Communist Party official little known to most on the island. Castro...
Read More
April 19, 2018 - 8:00 pm
WASHINGTON (AP) — Finance ministers from several Latin American nations as well as the U.S. and Europe have agreed to work jointly to locate and seize the proceeds arising from corruption by Venezuelan government insiders, two U.S. Treasury officials said Thursday. The decision came at a Washington...
Read More
New York Stock Exchange Global Head of Listings John Tuttle, right, watches as GrafTech International Ltd. CEO Dave Rintoul, left, breaks the gavel as Rintoul rings a ceremonial bell to mark his company's IPO, Thursday, April 19, 2018. (AP Photo/Richard Drew)
April 19, 2018 - 5:49 pm
Losses among technology and consumer products companies weighed on U.S. stocks Thursday, snapping a three-day winning streak for the market. Banks bucked the trend, rising along with bond yields. Energy companies also eked out a slight gain, despite a late-afternoon downturn in oil prices. The...
Read More
International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the panel Reforming the Euro Area: Views from inside and outside of Europe, during the World Bank/IMF Spring Meetings, in Washington, Thursday, April 19, 2018. ( AP Photo/Jose Luis Magana)
April 19, 2018 - 5:33 pm
WASHINGTON (AP) — The head of the International Monetary Fund warned Thursday that the healthiest global economy in years is threatened by rising debt levels, volatile financial markets and a simmering trade dispute between the world's two biggest economies. IMF Managing Director Christine Lagarde...
Read More
Britain's Queen Elizabeth II and Prime Minister Theresa May, left, attend the formal opening of the Commonwealth Heads of Government Meeting in the ballroom at Buckingham Palace in London, Thursday April 19, 2018. (Yui Mok/Pool via AP)
April 19, 2018 - 1:41 pm
LONDON (AP) — Queen Elizabeth II opened a summit of the 53-nation Commonwealth on Thursday, and backed her son Prince Charles to be the next leader of the association of Britain and its former colonies. In a ceremony at Buckingham Palace, the queen said she hoped Charles would "carry on the...
Read More
April 19, 2018 - 1:11 pm
WASHINGTON (AP) — The Trump administration moved Thursday to make it easier for U.S. defense contractors to sell armed drones and other conventional weapons to foreign governments. In policy changes aimed at boosting American firms' ability to compete in the increasingly lucrative global arms...
Read More
French President Emmanuel Macron, right, is welcomed by German Chancellor Angela Merkel before they visit the reconstruction site of the Berlin Palace in Berlin, Germany, Thursday, April 19, 2018. (Michael Kappeler/dpa via AP)
April 19, 2018 - 1:02 pm
BERLIN (AP) — German Chancellor Angela Merkel signaled her willingness to find compromises with France when it comes to reforming the European Union, as she hosted French President Emmanuel Macron for talks Thursday in Berlin. Macron has outlined ambitious plans for greater economic integration...
Read More
April 19, 2018 - 9:03 am
GENEVA (AP) — Russia has joined the European Union, India and China in demanding compensation from the United States for its tariffs on foreign steel and aluminum. The World Trade Organization's web site posted Thursday a filing from Russia that, like other countries, argues that the tariffs that...
Read More
A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, April 19, 2018. Asian shares rose on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment. (AP Photo/Vincent Yu)
April 19, 2018 - 8:39 am
LONDON (AP) — Global stock markets traded in fairly narrow ranges Thursday following a solid rebound based on waning fears about a trade war. Oil prices though pushed ahead to touch fresh multi-year highs on improving optimism about the global economy. KEEPING SCORE: In Europe, the FTSE 100 index...
Read More

Pages