Business

FILE- In this June 13, 2018, file photo Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. Powell is expected to speak about the job market at a European Central Bank conference in Portugal on Wednesday, June 20. (AP Photo/Jacquelyn Martin, File)
June 20, 2018 - 9:30 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said Wednesday...
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A man walks past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Wednesday, June 20, 2018. Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead. (AP Photo/Kin Cheung)
June 20, 2018 - 7:41 am
SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world's two largest economies over trade. KEEPING SCORE: Germany's DAX was up 0.1 percent to 12,692 and France's CAC 40 added 0.2 percent to 5,...
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June 20, 2018 - 7:39 am
RIDGEVILLE, S.C. (AP) — Volvo Cars, the first major automaker to abandon cars powered solely by internal combustion engines, is officially opening its first plant in the United States. The Swedish carmaker aims to make 130,000 hybrid or all-electric vehicles a year at the South Carolina factory,...
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June 20, 2018 - 5:47 am
SEOUL, South Korea (AP) — Hyundai Motor Group says it has signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell. Under the multi-year agreement signed Wednesday, Hyundai's affiliates including Kia and Audi's parent company Volkswagen AG will share components...
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June 20, 2018 - 3:09 am
CANBERRA, Australia (AP) — Telstra Corp., Australia's largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs — one in four employees — over three years in a bid to save 1 billion Australian dollars ($740 million). Telstra shares fell more than 7 percent in early...
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A man watches the prices of bitcoin at Bithumb cryptocurrency exchange in Seoul, South Korea, Wednesday, June 20, 2018. Bithumb, South Korea's second-largest exchange, said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. (AP Photo/Ahn Young-joon)
June 20, 2018 - 1:29 am
SEOUL, South Korea (AP) — A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea's second-largest exchange, said cyberattacks...
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FILE - In this July 11, 2016, file photo, EU Trade Commissioner Cecilia Malmstrom speaks at the University of International Business and Economics in Beijing. One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, June 20, 2018, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China's report follows President Donald Trump's order for tariffs on additional Chinese goods in response to complaints Beijing steals or pressures companies to hand over technology. (AP Photo/Ng Han Guan, File)
June 20, 2018 - 1:28 am
BEIJING (AP) — One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China's report follows President...
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FILE - In this Monday, June 18, 2018, file photo, Commerce Secretary Wilbur Ross speaks at a National Space Council meeting in the East Room of the White House in Washington. Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government form released Monday, as required by federal ethics rules, that he shorted stock in Navigator Holdings in October. (AP Photo/Susan Walsh)
June 20, 2018 - 12:50 am
WASHINGTON (AP) — Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government...
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FILE - In this Oct. 5, 2017, file photo, District of Columbia Mayor Muriel Bowser pauses during a news conference in Washington. On June 19, 2018, Bowser was Democratic Party nomination as she seeks a second term in office. (AP Photo/Carolyn Kaster, File)
June 20, 2018 - 12:50 am
WASHINGTON (AP) — Washington, D.C., Mayor Muriel Bowser easily secured the Democratic Party nomination as she seeks a second term in office. Voters on Tuesday also approved a ballot initiative that will restructure the payment system for waiters, bartenders and other tipped employees in bars and...
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FILE - In this June 1, 2018, file photo, members of the the Culinary Union carry signs at a union hall in Las Vegas. Thousands of unionized workers at Las Vegas casino-resorts operated by MGM Resorts International are set to approve their newly negotiated five-year contract. The agreement up for a vote Tuesday, June 19, 2018, includes wage increases and stronger protections against sexual harassment for 24,000 bartenders, housekeepers and other members of the Culinary Union.(AP Photo/John Locher, File)
June 19, 2018 - 11:55 pm
LAS VEGAS (AP) — Thousands of unionized workers at Las Vegas casino-resorts operated by MGM Resorts International, including Bellagio, Aria and Mandalay Bay, approved a new five-year contract Tuesday. The contract includes wage increases, new paid bereavement leave and stronger protections against...
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