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Asian benchmarks mostly lower after tepid Wall St session

Asian shares are mostly lower after tepid trading on Wall Street amid worries about a global recession

2 hours ago

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, July 6, 2022. Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. (AP Photo/Kin Cheung)

Sri Lanka's crisis rings alarm for other troubled economies

Sri Lanka is desperate for help to weather its worst crisis in recent memory, but it's not the only economy that's in serious trouble as prices of food, fuel and other staples soar, partly due to the war in Ukraine

July 06

FILE - A vender waits for customers at a vegetable market place in Colombo, Sri Lanka, Friday, June 10, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Eranga Jayawardena, File)

Asian benchmarks mostly lower after tepid Wall St session

Asian shares are mostly lower after tepid trading on Wall Street amid worries about a global recession

July 06

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, July 5, 2022. Asian shares advanced Monday across the board as buying set in after the lull of a U.S. national holiday.(AP Photo/Kin Cheung)

Sri Lanka's crisis rings alarm for other troubled economies

Sri Lanka is desperate for help to weather its worst crisis in recent memory, but it's not the only economy that's in serious trouble as prices of food, fuel and other staples soar, partly due to the war in Ukraine

July 06

FILE - A vender waits for customers at a vegetable market place in Colombo, Sri Lanka, Friday, June 10, 2022. Some 1.6 billion people in 94 countries face at least one dimension of the crisis in food, energy and financial systems, according to a report last month by the Global Crisis Response Group of the United Nations Secretary-General. (AP Photo/Eranga Jayawardena, File)

G-20 meeting may lead to wider divisions over war in Ukraine

Foreign ministers from the world's largest nations are looking to address the war in Ukraine and its impact on energy and food security when they meet this week

July 06

FILE - Secretary of State Anthony Blinken speaks during a news conference in Berlin, Germany, June 24, 2022. The Group of 20 foreign ministers meeting in Indonesia this week may well exacerbate divides over Russia's war in Ukraine. Russian Foreign Minister Sergey Lavrov will be there, marking the first time that he and U.S. Secretary of State Antony Blinken will be in the same room since January. (AP Photo/Michael Sohn, File)

FDA temporarily suspends order banning Juul cigarettes

The Food and Drug Administration has issued an administrative stay on the order it issued last month for vaping company Juul to pull its electronic cigarettes from the market

July 05

FILE - An electronic cigarette from Juul Labs is seen on on Feb. 25, 2020, in Pembroke Pines, Fla. Juul has asked a federal court, Friday, June 24, 2022, to block a government order to stop selling its electronic cigarettes. Federal health officials on Thursday, June 23, ordered Juul to pull its electronic cigarettes from the U.S. market, the latest blow to the embattled company widely blamed for sparking a national surge in teen vaping. (AP Photo/Brynn Anderson, File)

West Coast dockworkers still talking after contract expires

A contract between shipping companies and 22,000 West Coast dockworkers has expired

July 05

FILE - Transportation trucks cross the Vincent Thomas Bridge over the main channel as shipping containers are seen stacked on the Evergreen terminal at the Port of Los Angeles in San Pedro, Calif., Nov. 30, 2021. A contract between shipping companies and 22,000 West Coast dockworkers expired on Friday, July 1, 2022, but both sides continue to talk and said they want to avoid a strike. (AP Photo/Damian Dovarganes, File)

Alleged Chinese police database hack leaks data of 1 billion

Hackers claim to have obtained a trove of data on 1 billion Chinese from a Shanghai police database in a leak that, if confirmed, could be one of the largest data breaches in history

July 05

Chinese policemen patrol the bund area, Wednesday, June 1, 2022, in Shanghai. Hackers claim to have obtained a trove of data on 1 billion Chinese from a Shanghai police database in a leak that, if confirmed, could be one of the largest data breaches in history. (AP Photo/Ng Han Guan)

Spirit wins takeoff and landing rights at key Newark airport

Spirit Airlines is getting a chance to expand at Newark-Liberty International Airport, which is close to New York City

July 05

FILE - A Spirit Airlines jet approaches Philadelphia International Airport in Philadelphia, Feb. 24, 2021. Spirit Airlines is getting a chance to expand at Newark-Liberty International Airport, which is close to New York City. The U.S. Transportation Department announced Tuesday, July 5, 2022, that it will award Spirit rights to 16 takeoff and landing rights at Newark. (AP Photo/Matt Rourke, File)

Housing prices slip amid inflation, recession fears

The red-hot housing market might be cooling a bit and ABC News breaks down the latest indicators.

July 05

VIDEO: Housing prices slip amid inflation, recession fears

In major blow, 2 key ministers quit Boris Johnson government

British Prime Minister Boris Johnson is clinging to power after two of his most senior Cabinet ministers quit, saying they had lost confidence in Johnson's leadership amid shifting explanations about his handling of a sexual misconduct scandal

July 05

From left, British Health Secretary Sajid Javid, Chancellor of the Exchequer Rishi Sunak and Prime Minister Boris Johnson arrive at No 9 Downing Street for a media briefing on May 7, 2021. Two of Britain's most senior Cabinet ministers have quit, a move that could spell the end of Prime Minister Boris Johnson's leadership after months of scandals. Treasury chief Rishi Sunak and Health Secretary Sajid Javid resigned within minutes of each other. (Toby Melville/PA via AP)

Smithfield Foods settles pork price-fixing lawsuit for $42M

Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices

July 05

FILE - Employees of two departments at the Smithfield pork processing plant in Sioux Falls, S.D., report to work, May 4, 2020. Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices. Smithfield didn't admit any wrongdoing but the deal will likely only add to concerns about how the lack of competition in the industry affects meat prices. Lawyers began notifying companies affected by the settlement Tuesday, July 5, 2022. (AP Photo/Stephen Groves, File)

How major US stock indexes fared Tuesday 7/5/2022

Major stock indexes shook off an early slump and ended with meager gains on Wall Street Tuesday as worries about the economy continue to weigh on markets

July 05

Newmont, ConocoPhillips fall; Moderna, Cowen rise

Stocks that traded heavily or had substantial price changes Tuesday: Newmont, ConocoPhillips fall; Moderna, Cowen rise

July 05

Biden to Ohio, spotlighting rescued pensions for millions

President Joe Biden is taking a message of shoring up workers' pensions to Ohio, hoping to reinvigorate his political standing with blue-collar voters

July 05

Ukrainian governor urges evacuation of 350,000 residents

The governor of the last remaining eastern province partly under Ukraine's control urged his more than 350,000 residents to flee as Russian troops escalated their offensive

July 05

Ukrainian servicemen strengthen trenches on their position near the frontline in Kharkiv region, Ukraine, Tuesday, July, 5, 2022. (AP Photo/Andrii Marienko)

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

July 05

US seeks focus on 'urgent' needs of Ukraine at Swiss meeting

A top U.S. diplomat urged allies of Ukraine to help the war-battered country meet its "immediate and urgent" needs, as scores of countries wrapped up a two-day conference aimed to help Ukraine recover from Russia war when it ends one day

July 05

Swiss President Ignazio Cassis, Minister of Foreign Affairs, left, shakes hands with Ukrainian Prime Minister Denys Shmyhal, center, next to Melinda Simmons, British Ambassador to Ukraine during the closing plenary of the Ukraine Recovery Conference URC, Tuesday, on July 5, 2022 in Lugano, Switzerland. The URC is organised to initiate the political process for the recovery of Ukraine after the attack of Russia to its territory. (Michael Buholzer/Keystone via AP)

EU urges N Macedonia to back proposed deal with Bulgaria

European Council President Charles Michel has urged North Macedonia to back a French-proposed compromise on ending a dispute with neighboring Bulgaria that's blocking the country's long-delayed European Union accession bid

July 05

A protester dressed in the national colors attends a protest in front of the government building in Skopje, North Macedonia, on Saturday, July 2, 2022. Tens of thousands of people have gathered late on Saturday in North Macedonia's capital Skopje to protest the latest French presidency proposal on solving bilateral disputes with Bulgaria that gave directions for small Balkan country to open membership talks with the European Union. (AP Photo/Boris Grdanoski)

Germany's CureVac files suit against vaccine rival BioNTech

German biotech company CureVac has filed a patent infringement lawsuit against rival BioNTech for work that it says contributed to the development of the BioNTech-Pfizer coronavirus vaccine

July 05

Israel's Lapid meets Macron in Paris on first trip as PM

Israel's caretaker Prime Minister Yair Lapid on Tuesday used his first trip abroad since taking office to urge world powers to step up pressure on Iran over its nuclear activities

July 05

French President Emmanuel Macron, right, and Israel's Prime Minister Yair Lapid wave Tuesday, July 5, 2022 at the Elysee Palace in Paris. It was the first overseas trip by Yair Lapid since he took office last week. (AP Photo/Thomas Padilla)

NATO nations sign accession protocols for Sweden, Finland

The 30 NATO allies have signed off on the protocols needed for Sweden and Finland to become members

July 05

Finland's Foreign Minister Pekka Haavisto, left, Sweden's Foreign Minister Ann Linde, right, and NATO Secretary General Jens Stoltenberg attend a media conference after the signature of the NATO Accession Protocols for Finland and Sweden in the NATO headquarters in Brussels, Tuesday, July 5, 2022. (AP Photo/Olivier Matthys)

Carrier SAS files for Chapter 11 bankruptcy protection in US

Scandinavian Airlines has filed for bankruptcy in the United States, warning the announcement of a strike by 1,000 pilots a day earlier had put the future of the carrier at risk

July 05

FILE - SAS planes are grounded at Oslo Gardermoen airport during pilots strikes, in Oslo, Friday, April 26, 2019. SAS has filed for bankruptcy in the United States, warning the announcement of a strike by 1,000 pilots a day earlier had put the future of the carrier at risk which added to the travel chaos across Europe as the summer vacation period begins. The group said Tuesday, July 5, 2022 it had

IEA: High prices, uncertainty will slow growth in gas demand

The International Energy Agency says high prices for natural gas and supply fears due to the war in Ukraine will slow the growth in demand for the fossil fuel in the coming years

July 05

Chinese envoy expresses concern over US tariffs with Yellen

The Chinese government says its envoy to trade war talks with Washington has expressed concern about U.S. tariffs on Chinese imports during a phone call with Treasury Secretary Janet Yellen

July 05

Staff members stand near American and Chinese flags at a booth for the U.S. Soybean Export Council at the China International Fair for Trade in Services (CIFTIS) in Beijing, Friday, Sept. 3, 2021. China's envoy to trade war talks with Washington expressed concern about U.S. tariffs on Chinese imports during a phone call Tuesday, July 5, 2022, with Treasury Secretary Janet Yellen, the Ministry of Commerce announced, but it gave no indication of progress toward resolving an array of conflicts. (AP Photo/Mark Schiefelbein)

Australian central bank boosts rate for 3rd month in a row

Australia's central bank has lifted its benchmark interest rate for a third time in three straight months, changing the cash rate to 1.35% from 0.85%

July 05

A man paddles his kayak through a flooded street at Windsor on the outskirts of Sydney, Australia, Tuesday, July 5, 2022. Hundreds of homes have been inundated in and around Australia's largest city in a flood emergency that was impacting 50,000 people, officials said Tuesday. (AP Photo/Mark Baker)

Asia shares rise on optimism about easing COVID restrictions

Asian shares have advanced across the board as buying sets in after the lull of a U.S. national holiday

July 05

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, July 5, 2022. (AP Photo/Kin Cheung)

Asia shares rise on optimism about easing COVID restrictions

Asian shares have advanced across the board as buying sets in after the lull of a U.S. national holiday

July 05

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, July 5, 2022. (AP Photo/Kin Cheung)

Canada says China bars diplomats from Canadian tycoon trial

The Canadian government says Chinese authorities refused to allow diplomats to attend the trial of a Chinese-born Canadian tycoon who disappeared from Hong Kong five years ago

July 04

FILE - Xiao Jianhua, a Chinese-born Canadian billionaire talks to reporters outside the International Finance Centre in Hong Kong in Dec., 2013. Xiao is being put on trial in China, Canada's government said Monday, July 4, 2022, five years after he vanished from Hong Kong during an anti-corruption crackdown. (Next Magazine via AP, File)

Flight cancellations ease slightly as July 4 weekend ends

The number of U.S. flights being canceled is slowing down, but plenty of travelers are facing long delays as they try to get home from trips over the July Fourth holiday weekend

July 04

Travelers check their flights at Miami International Airport, Saturday, July 2, 2022, in Miami. The Fourth of July holiday weekend is jamming U.S. airports with the biggest crowds since the pandemic began in 2020. (AP Photo/Marta Lavandier)

French president reshuffles Cabinet after election losses

French President Emmanuel Macron has reshuffled his Cabinet in an attempt to adjust to the new political reality following a legislative election in which his centrist alliance failed to win a majority in the parliament

July 04

French President Emmanuel Macron, center at right, chairs the first cabinet meeting with new ministers at the Elysee Palace in Paris, Monday, July 4, 2022. French President Emmanuel Macron rearranged his Cabinet on Monday in an attempt to adjust to a new political reality following legislative elections in which his centrist alliance failed to win a majority in the parliament. (Christophe Petit Tesson, Pool via AP)

Add rent to the rising costs bedeviling small businesses

The rent has come due for America's small businesses and at a very inopportune time

July 04

Martin Garcia, owner of gift and décor store Gramercy Gift Gallery, poses for a photo at his shop, Wednesday, June 29, 2022, in San Antonio. Landlords were forgiving about rent during the first two years of the pandemic, but now many are asking for back due rent. Meanwhile, most of the government aid programs that helped small businesses get through the pandemic have ended. (AP Photo/Eric Gay)

Kellogg loses UK fight to block ban on sugary cereal promos

Breakfast food giant Kellogg Co. has lost a legal bid to block new anti-obesity measures in England banning the promotion of sugary cereals

July 04

FILE - The logo for Kellogg's appears above a trading post on the floor of the New York Stock Exchange, Oct. 29, 2019. Breakfast food giant Kellogg Co. has lost a legal bid to block new anti-obesity measures in England banning the promotion of sugary cereals. A High Court judge on Monday July 4, 2022, rejected the company's argument that the regulations don't take into account the nutritional value of milk added to cereal. (AP Photo/Richard Drew, File)

Putin declares victory in eastern Ukraine region of Luhansk

Russian President Vladimir Putin on Monday declared victory in the eastern Ukrainian region of Luhansk, one day after Ukrainian forces withdrew from their last remaining bulwark of resistance in the province

July 04

Russian President Vladimir Putin listens to Russian Defense Minister Sergei Shoigu's report during their meeting in the Kremlin in Moscow, Russia, Monday, July 4, 2022. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)

German leader gathers employers, unions to tackle inflation

German Chancellor Olaf Scholz has gathered top employer and labor union representatives at his Berlin office to seek ways of addressing the impact of rising prices while preventing a spiral of inflation in Europe's biggest economy

July 04

German Chancellor Olaf Scholz, front, arrives for the 'Concerted Action', a meeting of representatives of the German unions and the German employers with the German government at the Chancellery in Berlin, Germany, Monday, July 4, 2022. (AP Photo/Michael Sohn)

It's a new era for funding on both sides of abortion debate

The Supreme Court's overturning of Roe v. Wade has ushered in a new era of funding on both sides of the abortion debate

July 04

World shares mostly higher ahead of July 4 holiday in US

World shares are mostly higher while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul

July 04

A person wearing a protective mask watches an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 4, 2022, in Tokyo. Shares were mixed in Asia on Monday while U.S. futures fell ahead of the July 4 holiday in the U.S. (AP Photo/Eugene Hoshiko)

Canadian government: Tycoon in China due to stand trial

The Canadian government says a Chinese-born Canadian tycoon is being put on trial in China

July 04

Data puts Turkey's annual inflation at 78.6%, a 24-year high

Annual inflation in Turkey hit 78.62% in June, the highest rate since 1998

July 04

This Week: Fed minutes, Levi Strauss earns, jobs report

The Federal Reserve serves up the minutes from its most recent interest rate policy meeting Wednesday

July 04

Asian shares mixed, oil steady ahead of July 4 holiday in US

Shares are mixed in Asia while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in Tokyo, Shanghai and Sydney but fell in Hong Kong and Seoul

July 04

A person wearing a protective mask watches an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 4, 2022, in Tokyo. Shares were mixed in Asia on Monday while U.S. futures fell ahead of the July 4 holiday in the U.S. (AP Photo/Eugene Hoshiko)

With no fuel and no cash, Sri Lanka keeps schools closed

Cash-strapped Sri Lanka has extended school closures for one week because there isn't enough fuel for teachers and parents to get children to classrooms

July 03

FILE- People wait to buy fuel at a fuel station in Colombo, Sri Lanka, June 27, 2022. Cash-strapped Sri Lanka on Sunday announced closing schools for one week and appealed to the country's expatriates to send money home through the banks to pay for new oil purchases amid a worsening shortage of fuel. (AP Photo/Eranga Jayawardena, File)

West Africa leaders lift sanctions on military-led neighbors

West African leaders attending a regional summit Sunday lifted sanctions against three neighbors led by military regimes now promising a return to democratic rule

July 03

Germany, Ireland slam UK move toward overriding Brexit deal

The foreign ministers of Germany and Ireland have reiterated their condemnation of the U

July 03

German Foreign Minister Annalena Baerbock, briefs the media after a meeting with her counterpart from Slovenia Tanja Fajon at the foreign ministry in Berlin, Germany, Friday, July 1, 2022. (AP Photo/Markus Schreiber)

Russian diplomats to depart Bulgaria amid soaring tensions

A Russian diplomat says two airplanes have departed Bulgaria with scores of Russian diplomatic staff and their families amid a mass expulsion that has sent relations soaring between the two historically close nations

July 03

A Russian plane lands at Sofia's Airport, Sunday, July 3 2022. Two Russian airplanes were set to depart Bulgaria on Sunday with scores of Russian diplomatic staff and their families amid a mass expulsion that has sent tensions soaring between the historically close nations, a Russian diplomat said. (AP Photo/Valentina Petrova)

French soccer tournament celebrates diversity, fights racism

An amateur soccer tournament in France aimed at celebrating ethnic diversity is attracting talent scouts, sponsors and increasing public attention by uniting young players from low-income neighborhoods with high-profile names in the sport

July 03

Players wait before entering the field prior to the final women's game of the national cup of working-class neighborhoods betwwen a team representing players with Malian heritage against one with Congolese roots, in Creteil, outside Paris, France, Saturday, July 2, 2022. This amateur tournament aims to celebrate the diversity of youth from low-income communities with high immigrant populations, areas long stigmatized by some observers and politicians as a breeding ground for crime, riots, and Islamic extremism. (AP Photo/ Christophe Ena)

Despite potential, Midwestern farms struggle to market fish

Although fish and seafood consumption is on the rise in the U.S., the number of Midwest aquaculture farms is declining, and many fish producers say they face challenges getting their produce to consumers

July 03

Trout, approximately 12-months old, are checked of size at a trout farm in Seymour, Ind., Wednesday, June 29, 2022. White Creek Farms of Indiana produces about 18,000 pounds of trout annually. (AP Photo/Michael Conroy)

Ruling could dampen government efforts to rein in Big Tech

The Supreme Court's latest climate change ruling could dampen efforts by federal agencies to rein in the tech industry, which went largely unregulated for decades as the government tried to catch up to changes wrought by the internet

July 03

FILE - Lina Khan, nominee for Commissioner of the Federal Trade Commission, speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, April 21, 2021. The Supreme Court's latest climate change ruling could dampen efforts by federal agencies to rein in the tech industry, which went largely unregulated for decades as the government tried to catch up to changes wrought by the internet. Under Chair Khan, the FTC also has widened the door to more actively writing new regulations in what critics say is a broader interpretation of the agency's legal authority. (Graeme Jennings/Washington Examiner via AP, Pool, File)

Google to erase more location info as abortion bans expand

Google will automatically purge information about users who visit abortion clinics and other places that could trigger legal problems now that the U.S. Supreme Court has opened the door for states to ban the termination of pregnancies

July 02

FILE - In this Monday, Nov. 18, 2019 file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. Google will automatically purge information about users who visit abortion clinics or other places that could trigger legal problems now that the U.S. Supreme Court has opened the door for states to ban the termination of pregnancies. (AP Photo/Michel Euler, File)

Hard Rock deal ends casino strike threat in Atlantic City

The casino reached agreement with Atlantic City's main casino workers union.

July 02

Clouds pass behind the guitar sculpture at the entrance to the Hard Rock casino in Atlantic City, N.J., on June 28, 2022. On Saturday, July 2, 2022, Hard Rock reached agreement with Atlantic City's main casino workers union, ending the last possibility of a strike during the busy July Fourth weekend. (AP Photo/Wayne Parry)

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Source: https://abcnews.go.com/business

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