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Turkish currency hits record low amid Erdogan concerns

Turkey Economy

ANKARA, Turkey (AP) — Turkey’s currency has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country’s ability to manage the situation. The lira weakened to over 4.80 per dollar on Wednesday, down some 5 percent since the previous day. The drop...


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BC-Merc Early

CHICAGO (AP) — Early trading on the Chicago Mercantile Exchange Wed: Open High Low Last Chg. CATTLE 40,000 lbs.; cents per lb. Jun 104.50 105.22 104.47 105.12 +.22 Aug 100.30 101.85 100.25 101.75 +1.10 Oct 103.57 104.87 103.52 104.82 +.97 Dec 109.32 110.57 109.32 110.50 +.75 Feb 112.77 113.70 112....


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Open

CHICAGO (AP) — Early trading on the Chicago Board of Trade Wed.: Open High Low Last Chg. WHEAT 5,000 bu minimum; cents per bushel Jul 520¾ 529¾ 517¼ 527¾ +6¼ Sep 537¾ 545¾ 534¼ 543¾ +5¼ Dec 558¾ 565¾ 555 563¾ +4 Mar 576½ 583 573¼ 581¾ +3¾ May 587½ 593 583¼ 592½ +4½ Jul 591 596 586½ 594½ +3¼ Sep...


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AP Top Business News at 10:53 a.m. EDT

Trump eager to sign bill rolling back Dodd-Frank regulations Trump: US may need new ‘structure’ for China trade deal Comcast v. Disney: a fight for Twenty-First Century Fox France’s Macron takes on Facebook’s Zuckerberg in tech push US sales of new homes slipped 1.5 percent in April Stocks slip...


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Spain premier gets backing for budget in key political test

MADRID (AP) — Spain’s parliament is set to pass the national budget proposal for 2018, giving the government of Prime Minister Mariano Rajoy some breathing space as it battles Catalan separatism. Basque nationalist lawmakers have made a last-minute U-turn on their earlier promise not to support...


Business

US sales of new homes slipped 1.5 percent in April

New Home Sales

WASHINGTON (AP) — Sales of new U.S. homes fell 1.5 percent in April as buying plunged in the West. The Commerce Department said Wednesday that new homes sold last month at a seasonally adjusted annual rate of 662,000. So far this year, new-home sales are 8.4 percent higher than in 2017. A solid job...


Business

Stocks slip after weak economic data from Europe

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks are falling Wednesday morning after a weak finish the day before, and energy and industrial companies are taking some of the worst losses. Investors are concerned about the European economy after a measure of business activity fell to an 18-month low in May. Target is...


Business

Trump: US may need new 'structure' for China trade deal

Trump Businesses Foreign Favors

WASHINGTON (AP) — President Donald Trump says the U.S. will probably need a “different structure” when it comes to trade with China. His tweet Wednesday comes after the two countries agreed to suspend plans to impose tariffs on as much as $200 billion in each other’s goods, pulling back from the...


Business

Critics see no end to foreign favors to Trump businesses

Trump Businesses Foreign Favors

WASHINGTON (AP) — First came news that a Chinese government-owned company had signed on to help build an Indonesian project that will include a Donald Trump-branded hotel and golf course. Then, days later, the president tweeted that his administration would ease sanctions against a Chinese...


Business

Merkel heads to China to talk economy, trade, rule of law

Germany China

BERLIN (AP) — German Chancellor Angela Merkel was heading to China on Wednesday with a business delegation, amid tension in both Beijing and the European Union over trade issues with the United States and Washington’s rejection of the Iran nuclear deal. Merkel’s trip to China follows visits to...


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