Banking and credit

FILE - In this Aug. 6, 2019, file photo, a woman walks by a money exchange shop decorated with different countries currency banknotes at Central, a business district in Hong Kong. The IMF’s latest World Economic Outlook comes on the eve of meetings in Washington this week of the IMF and its sister lending organization, the World Bank. (AP Photo/Kin Cheung, File)
October 15, 2019 - 8:48 am
WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF's latest World Economic Outlook released Tuesday...
Read More
October 15, 2019 - 8:46 am
WASHINGTON (AP) — The International Monetary Fund said Tuesday it welcomes the decision by Ecuadorian President Lenín Moreno to cancel an austerity package following more than a week of protests. Gita Gopinath, IMF's chief economist, said the agency welcomes the attempt "to bring in all...
Read More
October 10, 2019 - 12:43 pm
WASHINGTON (AP) — The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. The Fed's rule changes approved...
Read More
The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
October 10, 2019 - 5:17 am
FRANKFURT, Germany (AP) — Top European Central Bank officials were united over the need for more stimulus at their last meeting but a number of them objected to the decision to launch bond purchases involving the injection of newly printed money into the economy. The written account of the meeting...
Read More
FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell attends a panel at the Federal Reserve Board Building in Washington. On Wednesday, Oct. 9, the Federal Reserve releases minutes from its September meeting when it cut interest rates for a second time this year. (AP Photo/Jacquelyn Martin, File)
October 09, 2019 - 11:06 am
WASHINGTON (AP) — Federal Reserve officials were sharply divided last month when they decided to cut their key policy rate for a second time this year, a split that indicates the path forward for future rate cuts remains cloudy. Minutes of the discussion at the September meeting showed that the...
Read More
October 08, 2019 - 3:08 pm
GENEVA (AP) — The United States is less competitive than it was a year ago and the global economy remains hobbled by low productivity despite a decade of cheap money from central banks, the World Economic Forum said Wednesday. In its latest assessment of the factors behind productivity and long-...
Read More
FILE - In this Sept. 18, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. On Tuesday, Oct. 8, Powell is scheduled to speak about the Fed’s interest rate policy in Denver at the annual meeting of the National Association for Business Economics. (AP Photo/Patrick Semansky, File)
October 08, 2019 - 12:03 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, announced in...
Read More
Federal Reserve Chairman Jerome Powell speaks Monday, Oct. 7, 2019, in Salt Lake City, before the premiere of a film commemorating Marriner Eccles, who led the Fed from 1934 until 1948. Powell is stressing the importance of an independent central bank "absolutely free" from politics. Powell's comments Monday in Salt Lake City came after President Donald Trump has repeatedly pressured Powell to lower interest rates and said the United States is missing out on economic opportunities because of "boneheads" at the Federal Reserve. (AP Photo/Rick Bowmer)
October 07, 2019 - 1:34 pm
SALT LAKE CITY (AP) — Federal Reserve Chairman Jerome Powell on Monday stressed the importance of an independent central bank "absolutely free" from politics in the wake of increasing pressure from President Donald Trump urging the central bank to lower interest rates. Powell spoke to a crowd of...
Read More
Specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange, Monday, Oct. 7, 2019. Stocks are opening broadly lower on Wall Street, extending the market's losing streak into a fourth week. (AP Photo/Richard Drew)
October 07, 2019 - 11:07 am
Stocks veered modestly higher on Wall Street Monday afternoon following a choppy day of trading that had the market on track to recoup some of its losses from last week. Communication services stocks, technology companies and banks drove much of the gains, offsetting losses in consumer product...
Read More
October 04, 2019 - 11:06 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell notes that unemployment is at a half-century low and inflation is running...
Read More

Pages