Wuhan virus drives Taiwanese workers away from China

TAIPEI (Taiwan News) — The Wuhan cornoavirus outbreak has dampened Taiwanese workers’ aspirations to pursue a career in China, according to a recent study by Taiwan-based 104 Job Bank. ...

Powell: Economy looks resilient despite risk of China virus

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the deadly virus in Chin...

US services companies grew at a slightly faster pace

WASHINGTON (AP) — U.S. services companies grew at a slightly faster pace in January than the previous month, an indicator of continued steady expansion of the economy. The Institute...

This Week: Construction spending, Disney earns, jobs report

A look at some of the key business events and economic indicators upcoming this week: ECONOMIC BELLWETHER The Commerce Department issues its December snapshot of co...

Business Highlights

___ Bad timing: New virus poses threat to fragile world economy China's new virus is striking at a bad time for the world economy. The Chinese economy, No. 2 in the...

US consumer confidence shows solid gain in January

WASHINGTON (AP) — U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market. The Conference Board said Tuesday that its consumer con...

Business Highlights

___ Stocks tumble as virus fears spark sell-off; Dow falls 453 NEW YORK (AP) — U.S. stocks fell sharply Monday, sending the Dow Jones Industrial Average down by mor...

Fed seems content with low rates but confronts challenges

WASHINGTON (AP) — For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no i...

Long-term US mortgage rates slump to 3-month lows

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week to their lowest level in three months, deepening the incentive for prospective homebuyers although they face eroded affordability as pric...

Banks post big profits, but lower interest rates are a worry

NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of mone...

Nearly 90% of Taiwanese wish to work overseas

TAIPEI (Taiwan News) — Nearly 90 percent of salary employees in Taiwan wish to work aboard after Lunar New Year, the highest since 2014, according to a survey by online job bank yes123. Aroun...

China says Human Rights Watch barred over protest support

BEIJING (AP) — China said Monday it barred the head of the internationally renowned organization Human Rights Watch from entering Hong Kong due to the group's support for the territory's ongoing prote...

Asian stocks rise ahead of US-China trade pact

BEIJING (AP) — Asian stock markets rose Monday as investors shrugged off weaker-than-expected American jobs data and looked ahead to the signing of a U.S.-Chinese trade pact. Benchma...

Business Highlights

___ Boeing papers show employees slid 737 Max problems past FAA A newly released batch of emails and text messages shows Boeing employees raising doubts among thems...

Stocks are off to mixed start on Wall Street as hiring slows

NEW YORK (AP) — Stocks are off to a mixed start on Wall Street after the government reported that U.S. employers eased back on hiring last month. Health care and technology stocks were doing well in t...