Economic Indicators

The U.S. says it will not send a high-ranking official to attend a major investment fair in China next month, in a move underscoring worsening trade frictions between the world's two largest economies.

Asian markets turned mixed on Wednesday as traders mulled over the impact of tariffs on corporate America, after big industrial companies admitted that they were facing rising costs.

French dairy company Lactalis has denied claims made by an investigative newspaper that it sold 8,000 tons of milk powder potentially contaminated with salmonella.

Deutsche Bank saw net profit fall 65 percent to 229 million euros ($262 million) in the third quarter but CEO Christian Sewing says the bank made progress cutting costs and would be profitable for the full year for the first time since 2014.

British bank Barclays says its third-quarter net earnings rose 72 percent as it set aside less money to cover bad loans despite economic uncertainty.

Ford Motor Co. has revamped its Asian operations and made its China business a stand-alone unit, recruiting the head of local automaker Chery Automobile to be its new CEO.

Asian markets were mixed on Wednesday as traders mulled over the impact of tariffs on corporate America, after big industrial companies admitted that they were facing rising costs.

U.S. stocks slumped broadly in early trading Tuesday, sending the Dow Jones Industrial Average down more than 500 points and extending the market's recent string of losses.

The White House's move to expand Washington's dispute with Beijing beyond trade and technology and into accusations of political meddling have sunk relations between the world's two largest economies to their lowest level since the end of the Cold War.

___ Stocks mostly recover from an early plunge on Wall Street NEW YORK (AP) — A turbulent day on Wall Street ended Tuesday with stocks climbing nearly all the way out of a steep, broad sell-off that at one point erased more than 500 points from the Dow Jones Industrial Average.

Stocks closed lower Tuesday after climbing back from an early plunge, giving the benchmark S&P 500 index its fifth-straight loss.

The European Commission has rejected Italy's proposed budget for next year, arguing its deficit and spending are out of line to keep its debt in control.

The latest on developments in financial markets (all times local): 9:35 a.m.

The president made the remarks as the midterm elections approach.

The Trump administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country.

A federal control board has approved a five-year fiscal plan for Puerto Rico, though Gov. Ricardo Rossello warns it's too austere and will affect government services.

The U.S. job market has undergone a disruptive restructuring, a new study shows.

McDonald's is putting up positive same-store sales growth for the 13th consecutive quarter and it's topped Wall Street profit and revenue expectations for the third quarter.

The growth will be achieved by the end of 2018.

A high-profile economic forum in Saudi Arabia has begun in Riyadh, the kingdom's first major event on the world stage since the killing of writer Jamal Khashoggi at the Saudi Consulate in Istanbul earlier this month.