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Northern Star

Northern Illinois University’s student news organization since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

Solid earnings send stock indexes higher on Wall Street

By ALEX VEIGA | February 12, 2020

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs.Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest...

Powell hears bipartisan Senate support for Fed independence

By CHRISTOPHER RUGABER | February 12, 2020

WASHINGTON (AP) — Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter.“Stay...

Cyprus urged to go after laundering of foreign illicit cash

February 12, 2020

NICOSIA, Cyprus (AP) — Cyprus needs to step up its fight against the laundering of illicit cash generated outside the east Mediterranean island nation, a leading European financial watchdog said Wednesday.Moneyval, which is part of the Council of Europe,...

Asian shares rise despite worries about virus outbreak

By YURI KAGEYAMA | February 11, 2020

TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments.Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00....

Global stock turn higher as investors watch virus impact

By JOE McDONALD | February 11, 2020

BEIJING (AP) — Global stock markets turned higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak.Indexes in London and Frankfurt advanced in Europe, while Shanghai, Hong Kong and Seoul closed higher. Tokyo fell for...

Africa shouldn’t need to beg for climate aid: Bank president

By ELIAS MESERET | February 11, 2020

ADDIS ABABA, Ethiopia (AP) — Africa shouldn’t have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, adding that polluting global powers “have to pay.”Akinwumi Adesina told The Associated...

Pope, with eye to Argentine debt, urges financial solidarity

February 5, 2020

VATICAN CITY (AP) —Pope Francis urged the International Monetary Fund and finance ministers from across Latin America to work together to end economic “injustices,” saying Wednesday that new forms of solidarity can give hope to the poorest.“We...

Asian shares up on China efforts despite virus worries

By YURI KAGEYAMA | February 4, 2020

TOKYO (AP) — Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak.Japan's benchmark Nikkei 225 gained 1.1% to 23,330.11 in morning trading. Australia's S&P/ASX...

World shares rise, Shanghai up 1.3%, as China boosts market

By ELAINE KURTENBACH | February 4, 2020

BANGKOK (AP) — Global stocks rallied Tuesday and Wall Street appeared set to open higher after China's central bank provided further support to markets to manage the impact of the virus outbreak.Germany's DAX rose 1.4% to 13,229 while in France the...

Asia shares gain, Shanghai up slightly after Wall St rebound

By ELAINE KURTENBACH | February 3, 2020

BANGKOK (AP) — Shares advanced in Asia on Tuesday, with the Shanghai Composite up 0.2% after a rebound on Wall Street overnight.Markets were still far from giving the all-clear on the virus outbreak that has spread to more than 20 countries and killed...

Former ECB chief Draghi gets German honor amid criticism

January 31, 2020

BERLIN (AP) — Former European Central Bank chief Mario Draghi was awarded Germany's highest honor on Friday, a recognition of his central role in helping preserve Europe's single currency that has met with some criticism in the eurozone's biggest economy.Draghi...

Asia shares mixed as WHO says China virus a global emergency

By ELAINE KURTENBACH | January 30, 2020

Shares were mixed in Asia after the World Health Organization declared the outbreak of a new virus that has spread from China to more than a dozen countries a global emergency.Markets in mainland China remained closed as the U.S. warned against all travel...