BANGKOK (AP) — Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street. Tokyo fell 1.4% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regional markets also fell. Oil prices slipped, with the U.S. benchmark crude down as much as…
DALLAS (AP) — Some flights to and from the U.S. were canceled on Wednesday even after AT&T and Verizon scaled back the rollout of high-speed wireless service that could interfere with aircraft technology that measures altitude. International carriers that rely heavily on the wide-body Boeing 777, and other Boeing aircraft, canceled early flights or switched…
CHICAGO (AP) — United Airlines lost $646 million in the fourth quarter and said Wednesday that the current spike in COVID-19 cases will hurt its results in the March quarter. The airline said it expects its first-quarter revenue will be down 20% to 25% from the same period in 2019. Costs other than fuel will…
WASHINGTON (AP) — The United States and the United Kingdom have agreed to begin talks on removing former President Donald Trump’s import taxes on British steel and aluminum. In a joint statement Wednesday, U.S. Commerce Secretary Gina Raimondo, U.S. Trade Representative Katherine Tai and U.K. Trade Minister Anne-Marie Tevelyan said they would be working toward…
BEIJING (AP) — Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. On Wall Street, the benchmark S&P 500 index fell 1% on Wednesday as investors tried to figure out how…
NEW YORK (AP) — Bank of America said its profits rose 28% last quarter from a year earlier, but the bank faced the same wage inflation as its Wall Street counterparts. The bank said Wednesday that it earned a profit of $7.01 billion, or 82 cents per share, in the fourth quarter. That’s up from…
NEW YORK (AP) — Investment bank Morgan Stanley said its fourth-quarter profits rose 9% from a year ago, helped by a big jump in fee revenue from its growing asset and wealth management business. The investment banking division also boosted results, as deal-making on Wall Street continued at a frenzied pace. The New York-based firm…
ANKARA, Turkey (AP) — Turkey and the United Arab Emirates have agreed to a currency swap deal equivalent to $4.74 billion to boost Turkey’s depleted foreign exchange reserves, the Turkish central bank announced Wednesday. Under the agreement reached between their central banks, Turkey and the UAE agreed to swap 65 billion Turkish lira and 18…
In a wealthy enclave nestled in the Santa Monica Mountains that is a haven for celebrities, residents now face more aggressive consequences for wasting water — including the threat of having their water flows slowed to a trickle if they repeatedly flout conservation rules. The Las Virgenes Municipal Water District northwest of Los Angeles offers…
GENEVA (AP) — New German Chancellor Olaf Scholz called Wednesday for a “paradigm shift” in the way the world approaches climate policy, saying his country would leverage its presidency of the Group of Seven industrial nations this year to push for standards to fight global warming. Climate discussions have been a key theme this week…