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IMF gloomy on world economy as China slows
News ImageThe International Monetary Fund cut its growth forecasts for the world economy Tuesday, warning of increasing risks from the slowdown in China, which is dragging other emerging markets down with it. The global economy will expand just 3.1 percent this year and 3.6 percent next year, the IMF predicted, revising downward its previous forecasts by 0.2 percentage points in both cases. "Six years after the world economy emerged from its broadest and deepest postwar recession, a return to robust and synchronized global expansion remains elusive," said the IMF's new chief economist, Maurice Obstfeld.
Tue, 06 Oct 2015 10:30:36 -0400
The Latest: Expert recalls sensation of neutrino findings
News ImageSTOCKHOLM (AP) Latest developments in the announcements of the Nobel Prizes (all times local):
Tue, 06 Oct 2015 10:29:03 -0400
IMF cuts US growth outlook for 2016
News ImageThe International Monetary Fund estimated Tuesday that the US economy will pick up only modestly in 2016 after a mild gain this year, thanks to low energy prices and an improving housing market. "The recovery is expected to continue in the United States, supported by lower energy prices, reduced fiscal drag, strengthened balance sheets, and an improving housing market," the IMF said, predicting these positive factors would offset a decline in exports driven by the strong dollar. Growth beyond 2016, however, likely will slow to a lackluster 2.0 percent rate because of the aging population and weak productivity growth, the IMF said.
Tue, 06 Oct 2015 10:28:44 -0400
PepsiCo boosted by smaller chip bags, non-soda drinks
News ImagePURCHASE, N.Y. (AP) Smaller bags of potato chips and drinks that do not have Pepsi printed on them are helping push up PepsiCo's sales.
Tue, 06 Oct 2015 10:28:18 -0400
Top EU court rules data sharing pact with US invalid
News ImageLUXEMBOURG (AP) Europe's top court ruled Tuesday that data stored on U.S. servers isn't safe because of government spying, a giant blow to companies such as Facebook that might need to change the way they handle private data from Europe.
Tue, 06 Oct 2015 10:26:28 -0400
NYC trial starts for NBA player charged in clash with police
NEW YORK (AP) Opening statements are set to begin Tuesday in the trial of a professional basketball player charged with resisting arrest and other crimes during a confrontation with police officers outside a trendy Manhattan nightclub in April. Tue, 06 Oct 2015 10:24:13 -0400
Nadal thrown by ex-ball boy, Djokovic catches fire in Beijing
News ImageRafael Nadal stuttered to victory against one of his former ball boys at the China Open on Tuesday as top-ranked Novak Djokovic swept imperiously to his 25th straight win in Beijing. Out-of-sorts Nadal was broken four times by China's 230th-ranked Wu Di, who once tossed him balls and towels in Shanghai, before winning an error-strewn match 6-4, 6-4. Nadal, 29, was playing for the first time since his third-round defeat at the US Open, but it was a far from satisfying return as the 14-time Grand Slam-winner continued to grope for form.
Tue, 06 Oct 2015 10:23:39 -0400
Munich museum evacuated after WWII-era bomb found
BERLIN (AP) A popular Munich museum has been evacuated after a World War II-era bomb was found in a courtyard during construction work. Tue, 06 Oct 2015 10:23:01 -0400
US trade deficit widens to $48.3 billion in August
News ImageWASHINGTON (AP) The U.S. trade deficit jumped sharply in August as exports fell to the lowest level in nearly three years while imports increased, led by a surge in shipments of cellphones from China.
Tue, 06 Oct 2015 10:22:03 -0400
The Latest: South Carolina gov. to give update on storm
News ImageCOLUMBIA, S.C. (AP) The latest on the rainstorm that pounded parts of the East Coast (all times local):
Tue, 06 Oct 2015 10:21:38 -0400
Strike on Afghan hospital was mistake: US commander
News ImageThe recent US air strikes on a hospital in Kunduz that killed 22 people were a mistake, the top US commander in Afghanistan said Tuesday.
Tue, 06 Oct 2015 10:20:52 -0400
Study cites cybercrime's rising costs to corporations
News ImageNEW YORK (AP) Cybercrime costs are climbing for companies both in the U.S. and overseas amid a slew of high-profile breaches, according to research released Tuesday.
Tue, 06 Oct 2015 10:19:54 -0400
Islamic State affiliate claims Yemen attacks in Aden
News ImageSANAA, Yemen (AP) A new Islamic State affiliate in Yemen has claimed responsibility for attacks in the port city of Aden that killed at least 15 people.
Tue, 06 Oct 2015 10:19:20 -0400
NATO chief: Russian jets in Turkish airspace no accident
News ImageBRUSSELS (AP) NATO's secretary-general on Tuesday rejected Moscow's claim that its military incursion into alliance airspace over Turkey wasn't intentional or important, saying there were two separate incidents and "the violation lasted for a long time."
Tue, 06 Oct 2015 10:18:08 -0400
US stock indexes little changed in early trade; DuPont jumps
News ImageNEW YORK (AP) Stocks were mixed in early trading Tuesday, taking a pause after five straight days of gains. DuPont shares soared on news that its CEO would step down.
Tue, 06 Oct 2015 10:17:20 -0400
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