Australia cut interest rates to a fresh record low and said there are signs of improving household spending, sending the currency and bond yields higher as markets bet policy makers won't ease further.
The US economy slowed sharply in the first quarter of the year, with annualised GDP growth falling to just 0.2% from 2.2% in the final quarter of 2014.
HONG KONG (AP) - Australian stocks slipped Tuesday even as the central bank cut interest rates to a record low to stimulate the limping economy.
SACRAMENTO, Calif. (AP) - California water regulators are considering sweeping restrictions to enforce Gov. Jerry Brown's drought conservation order.
LOS ANGELES (AP) - Wells Fargo Bank could be writing a big check after the city of Los Angeles filed a lawsuit over unfair practices in which employees opened unauthorized accounts for customers, sticking them with fees and damaging their credit.