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US new-home sales slumped 6.9% in April; sales of homes deemed affordable for middle class source of decline

The Associated Press  |  Posted May 23rd - 8:03am

US new-home sales slumped 6.9% in April; sales of homes deemed affordable for middle class source of decline.

Markets Right Now: Stocks open sharply lower on trade fears

The Associated Press  |  Posted May 23rd - 7:49am

The latest on developments in financial markets (all times local):

Mexico official says former Pemex chief was sanctioned

The Associated Press  |  Posted May 23rd - 7:48am

The head of Mexico's financial intelligence unit says that a former executive at the state-owned oil company who was sanctioned this week by the comptroller's office is Pemex's former director Emilio Lozoya.

Retailers, shoppers could feel more pain if tariffs spread

Anne D'Innocenzio, Associated Press  |  Posted May 23rd - 7:43am

An escalating trade war between the U.S. and China could mean higher prices on a broad array of products from toys to clothing. But some retailers will be less equipped to handle the pain than others, leaving consumers to carry the load.

Analysis: Iran supreme leader comments signal strategy shift

Jon Gambrell, Associated Press  |  Posted May 23rd - 7:13am

For years, Iran's supreme leader only criticized the West over Tehran's nuclear deal with world powers. Now, Ayatollah Ali Khamenei is publicly chastising the country's elected president and his foreign minister as the accord unravels amid heightened tensions with the U.S.

European Central Bank more concerned about growth rebound

David McHugh, Associated Press  |  Posted May 23rd - 5:35am

Officials at the European Central Bank at their last meeting had grown more concerned about chances for a return to stronger economic growth in the second half of the year as they underlined their readiness to deploy more stimulus if needed.

Thai court blocks anti-junta politician from joining House

Kaweewit Kaewjinda, Associated Press  |  Posted May 23rd - 4:59am

A Thai court on Thursday blocked the leader of a new anti-junta political party from taking his seat in Parliament while it determines whether he violated election rules.

Syria officials: Power station bombed by insurgents repaired

The Associated Press  |  Posted May 23rd - 4:19am

Syrian government officials say a power station close to the rebels' last stronghold in the country's northwest has been repaired after insurgents bombed the facility the night before, kicking it off line.

The Latest: Official: Beijing open to trade talks with US

The Associated Press  |  Posted May 23rd - 4:14am

The Latest on trade tensions between the United States and China (all times local):

EU high court rejects compensation bid on Greek bond losses

The Associated Press  |  Posted May 23rd - 4:06am

An EU high court has rejected a bid for compensation from the European Central Bank by some private owners of Greek bonds who suffered losses at the height of Greece's debt crisis seven years ago.

Germany's Bosch fined $100 million over diesel scandal

The Associated Press  |  Posted May 23rd - 4:03am

German prosecutors have fined auto parts and technology company Bosch 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015.

Indian Prime Minister Narendra Modi's party claims it has won re-election with commanding lead in vote count

The Associated Press  |  Posted May 23rd - 3:41am

Indian Prime Minister Narendra Modi's party claims it has won re-election with commanding lead in vote count.

Deutsche Bank ready for 'tough cuts' as share price sags

David McHugh, Associated Press  |  Posted May 23rd - 3:33am

The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank's profitability and raise a "disappointing" share price as negative headlines continue to plague Germany's biggest bank.

German business climate down, as economy lacks momentum

The Associated Press  |  Posted May 23rd - 2:43am

A closely watched index of German business optimism has fallen for the second month in a row as the mood among company managers in Europe's largest economy weakened further.

Italian hostage freed after 3 years in Syria returns home

The Associated Press  |  Posted May 23rd - 2:39am

Italy's defense minister says an Italian who had been held hostage in Syria for three years has been released and returned to Italy.

Official says Pakistan to get Saudi oil on credit as of July

The Associated Press  |  Posted May 23rd - 2:33am

A Pakistani official says the much-anticipated Saudi oil will start flowing to Islamabad as of July, with payments deferred for three years.

China says door open to trade talks, but slams tech controls

Christopher Bodeen, Associated Press  |  Posted May 23rd - 2:14am

China held the door open to resuming talks in the tariff war with Washington on Thursday, but lashed out at limits on access to key technologies that it said might hurt global supply chains.

World shares sink as US-China spat takes center stage

Annabelle Liang, Associated Press  |  Posted May 23rd - 12:48am

World stock markets fell sharply Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes.

Former Nissan chairman Ghosn appears in Tokyo court

Yuri Kageyama, Associated Press  |  Posted May 23rd - 12:22am

Nissan's former chairman, Carlos Ghosn, appeared in a Japanese courtroom Thursday for a hearing ahead of his trial on accusations of financial misconduct.

China has more weapons in US tariff war - but do they work?

Joe McDonald and Michael Liedtke, Associated Press  |  Posted May 22nd - 11:08pm

Looking for ways to hit back at Washington as a tariff fight escalates, President Xi Jinping and his economy czar visited a Chinese factory that processes rare earths - exotic minerals used in electric cars, mobile phones and other technology.