Banking and credit

FILE - In this Sept. 13, 2019, file photo trader Timothy Nick, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept. 17. (AP Photo/Richard Drew)
September 17, 2019 - 8:58 am
NEW YORK (AP) — U.S. stocks stalled in midday trading Tuesday as investors await updates on oil output at a damaged Saudi Aramco facility and look ahead to a key interest rate decision from the Federal Reserve. Energy companies gave back some of Monday's gains as the price of oil retreated. U.S...
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FILE - In this Monday, April 10, 2017 file photo, the chief of the Ukrainian Central Bank Valeria Gontareva makes a statement on her resignation during a press conference in Kyiv, Ukraine. Police said in a statement on Tuesday Sept. 17, 2019, that they are investigating a suspected arson attack late Monday on the house of Valeria Gontareva outside the capital, Kyiv, in the third chilling incident concerning the banker. (AP Photo/Sergei Chuzavkov, File)
September 17, 2019 - 5:58 am
MINSK, Belarus (AP) — The home of Ukraine's former central bank chief has been burned to the ground, the third chilling incident involving the banker over the past few weeks. Police said in a statement Tuesday that they are investigating a suspected arson attack late Monday on the house of Valeria...
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FILE - In this Jan. 12, 2018, file photo, Asian Development Bank (ADB) President Takehiko Nakao gestures during a forum with foreign correspondents at the bank's headquarters in Manila, Philippines. The regional lender announced Nakao’s plan to resign on Tuesday, Sept. 17, 2019. Japanese officials have usually headed the ADB, and Finance Minister Taro Aso said Tokyo would nominate a “high-caliber candidate” as Nakao’s successor. (AP Photo/Bullit Marquez, File)
September 17, 2019 - 4:03 am
TOKYO (AP) — The president of the Asia Development Bank, Takehiko Nakao, plans to step down early next year, the regional lender said Tuesday. Japan has usually headed the ADB as a top donor. Finance Minister Taro Aso said in a statement that Tokyo would soon nominate a "high-caliber candidate" as...
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Greece's Prime Minister Kyriakos Mitsotakis center left, and Greek Finance Minister Christos Staikouras, center right, arrive at a meeting in Athens, on Wednesday, Sept. 11, 2019. Mitsotakis chaired Wednesday a meeting of cabinet ministers on economic policy. (AP Photo/Petros Giannakouris)
September 16, 2019 - 11:03 am
ATHENS, Greece (AP) — Greece has asked its European creditors to approve the early repayment of part of its bailout loans from the International Monetary Fund, the country's finance minister said Monday. Christos Staikouras said paying off the IMF loans ahead of schedule would reduce debt servicing...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 16, 2019 - 9:37 am
WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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John Wilson, with the New York Stock Exchange, monitors stock activity, Monday, Sept. 16, 2019. Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. (AP Photo/Mark Lennihan)
September 16, 2019 - 8:36 am
NEW YORK (AP) — Stock markets around the world took an apprehensive step backward Monday after an attack on Saudi Arabia's biggest oil processing facility sent the price of oil surging. The attack, which Yemeni rebels said they were behind, raised worries about the risk of more disruptions for oil...
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FILE - In this March 2, 2018 file photo, a worker cleans big machine parts of presses manufacturer Schüler AG in Goeppingen, Germany. German factory orders, a leading indicator of the health of Europe's biggest economy, dropped strongly in July, erasing gains from the previous month. The Federal Statistical Office reported Thursday industrial orders dropped 2.7% in July over June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase. (Marijan Murat/dpa via AP)
September 12, 2019 - 5:06 am
FRANKFURT, Germany (AP) — The European Central Bank on Thursday delivered a new blast of monetary stimulus to help the economy in the face of uncertainties like the U.S.-China trade conflict and Brexit. The central bank for the 19 countries that use the euro cut the rate on deposits it takes from...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Sept. 12, 2019. Asian shares were mixed Thursday after China moved to ease trade tensions. (AP Photo/Eugene Hoshiko)
September 12, 2019 - 4:11 am
BANGKOK (AP) — World stock markets rose cautiously Thursday as investors awaited the European Central Bank's decision on how much stimulus it will provide the economy. Sentiment also was brightened by hopes that China and the U.S. are moving to ease trade tensions. Germany's DAX edged 0.2% higher...
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A party boat cruises over the river Main in Frankfurt, Germany, on a warm Saturday evening, Aug. 31, 2019. (AP Photo/Michael Probst)
September 11, 2019 - 8:22 am
FRANKFURT, Germany (AP) — The European Central Bank appears to be preparing a new shot of stimulus to prop up the economy, amid broader questions about whether central banks like the ECB and the U.S. Federal Reserve can re-energize global growth on their own. Analysts say the bank is likely to cut...
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President Donald Trump speaks at the 2019 National Historically Black Colleges and Universities Week Conference in Washington, Tuesday, Sept. 10, 2019. (AP Photo/Carolyn Kaster)
September 11, 2019 - 4:30 am
WASHINGTON (AP) — President Donald Trump says the U.S. is missing out economically because "Boneheads" at the Federal Reserve won't lower interest rates at his insistence. The Fed is meeting next week and is expected to trim its benchmark rate by another quarter point after cutting the rate for the...
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