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Tag Archives: economy

2015 Louisiana economy slows as government, services shrink

Louisiana

NEW ORLEANS (AP) — New figures show Louisiana’s economy slowed in 2015, but expanding refineries and chemical plants kept growth alive despite low oil prices, a shrinking private service sector and lower government activity. Gross domestic product numbers released Tuesday by the federal Bureau of Economic Analysis try to measure all the economic output of each state. Louisiana’s economy grew ...

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US stocks, dollar slide after weak jobs report

stocks

U.S. stocks moved lower in early trading Friday after a key government jobs report showed hiring slowed in May, a sign of economic weakness that could dissuade the Federal Reserve from raising interest rates this month. The dollar fell sharply against most major currencies, while bond prices surged as investors sought safety in U.S. government-backed debt. Financial and consumer stocks ...

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Standoff, dying economy drive Venezuelan crisis

Venezuela

Venezuela is being wracked by an increasingly belligerent standoff between the government and opposition, while many Venezuelans are becoming fed up with a floundering economy marked by long lines for food and the world’s highest inflation. President Nicolas Maduro has declared a state of emergency to let him deal with the economy by decree, but the opposition is vowing to ...

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Anger in China’s coal country as miners feel left behind

Anger in China's coal country as miners feel left behind

JUNDESHAN, China (AP) — Hanging from a highway overpass two hours’ drive from the Siberian border, a local government banner reads like a last-gasp exhortation to this exhausted coal community: “Improve our structure, change our methods, transform our city.” This area has transformed in dire ways as China has retreated from coal and heavy industry. Li Jiuxian, who hasn’t been ...

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Danger signs flashing for global economy, years after crisis

WASHINGTON — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way. Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates have coupled with a downturn in emerging markets to raise worries that the ...

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Oil, gas companies lead early decline in stocks

NEW YORK — Stocks were moderately lower Monday morning as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 56 points, or 0.3 percent, to 16,411 as of 11:25 a.m. Eastern. The Standard & Poor’s 500 index lost seven points, or 0.4 percent, to 1,931 ...

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Saudi races to attract investment, create jobs in overhaul

Saudi races to attract investment, create jobs in overhaul

RIYADH, Saudi Arabia — Saudi Arabia is racing to attract more investment and overhaul its economy as low oil prices expose it to urgent domestic challenges. For months, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has been working with teams of international consultants, regulators, advisers and government agencies to launch a “National Transformation Program,” or NTP, to help the ...

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