Economic Indicators

Asian economies grateful for reprieve on Iran oil imports

Japan, South Korea and other major oil importers welcomed Tuesday the decision by the Trump administration to let them continue to import Iranian crude oil and other petroleum products despite the re-imposition of sanctions on Tehran.

Business Highlights

___ Fed likely to keep rates on hold and sketch a bright outlook WASHINGTON (AP) — With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.

Iran president warns of 'war situation' as sanctions resume

Iran greeted the re-imposition of U.S. sanctions on Monday with air defense drills and an acknowledgement from President Hassan Rouhani the nation faces a "war situation," raising Mideast tensions as America's maximalist approach to the Islamic Republic takes hold.

China's Xi promises market opening as import fair begins

President Xi Jinping has promised to open China's market wider as he opened a trade fair meant to promote the country's image as an importer, but he offered no response to U.S. and European complaints about technology policy and curbs on foreign business.