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European Central Bank seeks power over key financial sector

The Associated Press  |  Posted   Jun 23rd - 3:50am

The European Central Bank is asking for legal powers to oversee how transactions involving financial derivatives are settled — a hot topic in negotiations over Britain's departure from the European Union.

Corruption, economic crisis overshadow Mongolian election

The Associated Press  |  Posted   Jun 23rd - 3:50am

Mongolians vote for a new president on Monday in a race pitting a horse salesman against a former judo star and a nationalist wanting more gains from the vast, landlocked country's mineral wealth.

Toshiba gets earnings report extension, faces delisting risk

Yuri Kageyama, Associated Press  |  Posted   Jun 23rd - 3:21am

Money-losing Japanese electronics and nuclear company Toshiba Corp. has until Aug. 10 to get auditors to sign off on its earnings statements, or else it faces the risk of getting delisted.

World shares mixed as investors assess oil, China clampdown

Kelvin Chan, Associated Press  |  Posted   Jun 23rd - 3:13am

World stock markets were mixed on Friday as oil prices stabilized and investors assessed Beijing's moves to tighten up on some Chinese companies as well as the latest survey on eurozone economic growth.

The pain and gain of Brexit vote: British economy a year on

Caroline Spiezio and Pan Pylas, Associated Press  |  Posted   Jun 23rd - 2:56am

Few events outside of war can have quite as much potential impact on the economy of a country as Britain's decision a year ago to leave the European Union.

Swiss take action over insider trading, market manipulation

The Associated Press  |  Posted   Jun 23rd - 2:53am

Switzerland's financial markets authority said Friday that it has taken action in two separate cases of insider trading and market manipulation, seizing millions of Swiss francs (dollars) of illegal profits and banning three traders from the industry.

EU leaders boost support for Libya to halt migrant exodus

Lorne Cook and Angela Charlton, Associated Press  |  Posted   Jun 23rd - 2:42am

European Union leaders are set Friday to boost their support for conflict-ravaged Libya as the number of people fleeing Africa from there for better lives in Europe continues to rise.

Senate GOP health bill: Tax cuts for rich

Stephen Ohlemacher, Associated Press  |  Posted   Jun 23rd - 2:15am

Senate Republicans' new health bill cuts taxes by nearly $1 trillion over the next decade, mostly for corporations and the richest families in America.

How the Senate health bill compares to House, 'Obamacare'

Ricardo Alonso-Zaldivar, Associated Press  |  Posted   Jun 23rd - 2:15am

The Senate Republican health care bill would guarantee immediate assistance for insurance markets that are struggling in many states. Yet overall it would do the same thing as its House counterpart: less federal money for health insurance and a greater likelihood that more Americans will be uninsured.

McConnell faces hunt for GOP votes for Senate health bill

Alan Fram and Ricardo Alonso-Zaldivar, Associated Press  |  Posted   Jun 23rd - 2:05am

Senate Majority Leader Mitch McConnell has finally unwrapped his plan for dismantling President Barack Obama's health care law. Now comes his next challenge — persuading enough Republicans to back the measure and avert a defeat that would be shattering for President Donald Trump and the GOP.

Analysis: McConnell stakes it all on health care bill

Erica Werner, Associated Press  |  Posted   Jun 23rd - 2:05am

Pass or fail, there will be one man singularly responsible for the fate of health care legislation in the Senate: Majority Leader Mitch McConnell.

Sri Lankan doctors on strike to demand university's closure

Bharatha Mallawarachi, Associated Press  |  Posted   Jun 23rd - 1:53am

State hospitals were paralyzed Friday as Sri Lankan doctors went on strike to demand that a private medical university be shut down, saying it could jeopardize health care standards in the island nation.

AP FACT CHECK: Trump's solar-power brainwave was borrowed

Jill Colvin and Josh Boak, Associated Press  |  Posted   Jun 23rd - 1:44am

President Donald Trump is crediting himself with the idea of building a Mexico border wall of solar panels. But that looks to be a borrowed brainwave; others pitched a solar wall back when he was a skeptic of tapping power from the sun.

The Latest: French president meets central European leaders

The Associated Press  |  Posted   Jun 23rd - 1:40am

The Latest on the European Union summit (all times local):

Kids today: They don't work summer jobs the way they used to

Paul Wiseman, Associated Press  |  Posted   Jun 23rd - 1:26am

It was at Oregon's Timberline Lodge, later known as a setting in the horror movie "The Shining," where Patrick Doyle earned his first real paycheck.

The Latest: Medical groups find fault with Senate plan

The Associated Press  |  Posted   Jun 23rd - 1:05am

The Latest on Senate Republicans' health care bill (all times local):

China tightens online video controls, jolting investors

Joe McDonald, Associated Press  |  Posted   Jun 23rd - 12:01am

Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments on sensitive issues. The move prompted a sell-off in the U.S.-traded shares of Sina Corp. and its microblog service, Sina Weibo.

Chinese automaker buys stake in Malaysia's Proton

Eileen Ng, Associated Press  |  Posted   Jun 22nd - 11:27pm

The Chinese owner of Sweden's Volvo Cars will inject $40 million into Malaysia's Proton as part of its purchase of a key stake in the automaker, an executive of the Malaysian company said Friday.

The Latest: Merkel calls UK's residency stance 'good start'

The Associated Press  |  Posted   Jun 22nd - 11:27pm

The Latest on the European Union summit (all times local):