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- A currency trader watches computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), center left, and the foreign exchange rate between U.S. dollar and South Korean won, center right, at a foreign exchange dealing room in Seoul, South Korea, Friday, March 11, 2022. Shares fell Friday in Asia as uncertainty over the war in Ukraine and persistently high inflation keep their sway over markets. (AP Photo/Lee Jin-man)
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Asian shares sink as war, inflation hold sway on markets
By ELAINE KURTENBACH - AP Business Writer
Thu,03/10/22-3:19AM , 449 Reads
BANGKOK (AP) — Shares fell Friday in Asia as uncertainty over the war in Ukraine and persistently high inflation keep their sway over markets.

Hong Kong fell 3.6% and Tokyo was 2.4% lower.

Investors are fretting over how the world economy may struggle with price pressures and slowing growth.
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- Gas prices are displayed at a Mobil gas station in West Hollywood, Calif., Tuesday, March 8, 2022. The average price for a gallon of gasoline in the U.S. hits a record $4.17 on Tuesday as the country prepares to ban Russian oil imports. (AP Photo/Jae C. Hong)
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Pressure builds on Biden to repay Venezuela's goodwill moves
By JOSHUA GOODMAN AND REGINA GARCIA CANO - Associated Press
Wed,03/09/22-11:00PM , 140 Reads
MIAMI (AP) — Pressure is building on the Biden administration to begin unwinding sanctions on Venezuela after President Nicolas Maduro freed two American prisoners and promised to resume negotiations with his opponents.
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- Price for a gallon of regular-grade gasoline is shown on a digital sign at a service station Wednesday, March 9, 2022, in Denver. (AP Photo/David Zalubowski)
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US inflation soared 7.9% in past year, a fresh 40-year high
By CHRISTOPHER RUGABER - AP Economics Writer
Wed,03/09/22-6:03PM , 125 Reads
WASHINGTON (AP) — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
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How major US stock indexes fared Wednesday
By THE ASSOCIATED PRESS
Wed,03/09/22-3:29PM , 149 Reads
Stocks had their biggest jump since June 2020 Wednesday as a sharp drop in oil prices eased fears that inflation was about to get worse around the globe.
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