• This July 9, 2015, file photo, shows a Wall Street sign near the New York Stock Exchange. A weak Chinese manufacturing survey weighed on European markets Tuesday, May 3, 2016. Australia's stock index was the standout performer after the Australian central bank surprised many in the markets by cutting interest rates. (AP Photo/Seth Wenig, File)

    Weak Chinese manufacturing survey weighs on markets

    NEW YORK (AP) — A weak Chinese manufacturing survey weighed on U.S. and European markets on Tuesday, renewing concerns that the world’s second-largest economy might be slowing down.

  • A man walks past an electronic stock indicator of a securities firm in Tokyo, Monday, May 2, 2016. Asian stock markets fell Monday as investors displayed their disappointment over the lack of further stimulus from Japan's central bank. The surge in the Japanese yen and a bleak outcome from a monthly factory managers' survey did little to lighten the gloom. (AP Photo/Shizuo Kambayashi)

    Markets Right Now: Weak Chinese survey weighs on Europe

    NEW YORK (AP) — The Latest on global financial markets (all times local):

    Updated: 7:45 am

  • In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol as in San Juan, Puerto Rico. Puerto Rico Gov. Alejandro Javier Garcia Padilla said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Ricardo Arduengo, File)

    Q&A: Puerto Rico’s debt crisis explained

    NEW YORK (AP) — Puerto Rico’s debt crisis has reached a new level, with the island’s governor saying Puerto Rico will not pay most of its $470 million in debt payments due by Monday.

  • In this Dec. 16, 2015, file photo, Puerto Rico Gov. Alejandro Javier Garcia Padilla speaks at a luncheon at the National Press Club in Washington. Garcia said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Sait Serkan Gurbuz, File)

    Puerto Rico won’t make $370 million in debt payments Monday

    SAN JUAN, Puerto Rico (AP) — A spiraling Puerto Rico debt crisis reached a new milestone as the island missed nearly $370 million on a bond payment Monday and officials warned of worse to come if the U.S. Congress doesn’t help it dig out from a mountain of debt.

  • In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol as in San Juan, Puerto Rico. Puerto Rico Gov. Alejandro Javier Garcia Padilla said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Ricardo Arduengo, File)

    Q&A: Puerto Rico’s debt crisis explained

    NEW YORK (AP) — Puerto Rico’s debt crisis reached a new level late Sunday, when the island’s governor said Puerto Rico would not pay most of its $470 million in debt payments that are due by Monday.

  • In this Dec. 16, 2015, file photo, Puerto Rico Gov. Alejandro Javier Garcia Padilla speaks at a luncheon at the National Press Club in Washington. Garcia said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Sait Serkan Gurbuz, File)

    Puerto Rico won’t make $370 million in debt payments Monday

    SAN JUAN, Puerto Rico (AP) — Gov. Alejandro Garcia Padilla announced that Puerto Rico’s government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory’s spiraling public debt crisis.

  • In this Monday, April 25, 2016 photo, construction employees work at The Asbury hotel in Asbury Park, N.J. The Asbury, the first new hotel in more than 50 years is set to open in Asbury Park at the end of May. (AP Photo/Mel Evans)

    Greetings from Asbury Park, opening first hotel in 50 years

    ASBURY PARK, N.J. (AP) — In the Jersey shore city that gave Bruce Springsteen’s debut album its name, owners of the first new hotel to open there in more than 50 years hope they can convince locals and tourists alike that what was once considered a slum by the sea is now a destination with a bright future.

  • This July 31, 2012 file photo shows the euro sculpture in front of the headquarters of the European Central Bank, ECB, in Frankfurt, Germany. The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday April 29, 2016. showed that the 19-country single currency bloc expanded by a quarterly rate of 0.6 percent in the first three months of the year. (AP Photo/Michael Probst, File)

    Eurozone economy regains size of 2008 but remains shaky

    LONDON (AP) — It’s been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis.