Central banking

FILE - In this Dec. 27, 2017, file photo, a logo for the New York Stock Exchange is displayed above the trading floor. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept. 25, 2018. (AP Photo/Mark Lennihan, File)
September 25, 2018 - 2:02 pm
NEW YORK (AP) — Major U.S. indexes finished mostly lower Tuesday as rising interest rates hurt stocks that pay big dividends and higher oil prices pushed transportation and shipping companies lower. The S&P 500 index fell for the third day in a row. Oil prices continued to rise after a weekend...
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Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Thursday, Sept. 20, 2018. A wave of buying sent U.S. stocks solidly higher on Wall Street Thursday, pushing the Dow Jones Industrial Average above the all-time high it closed at in January. (AP Photo/Richard Drew)
September 20, 2018 - 2:50 pm
Wall Street delivered another set of milestones Thursday as a wave of buying sent U.S. stocks solidly higher, driving the Dow Jones Industrial Average above the all-time high it closed at in January. The S&P 500, the benchmark for many index funds, also hit a new high, eclipsing the peak it...
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September 14, 2018 - 2:26 pm
WASHINGTON (AP) — The Federal Reserve Bank of San Francisco on Friday announced the appointment of Mary Daly, a longtime Fed economist and a labor market specialist, as the next president of the regional bank. Daly replaces John Williams, who became president of the New York Federal Reserve Bank in...
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FILE- This June 25, 2018, file photo shows the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 14. (AP Photo/Seth Wenig, File, File)
September 14, 2018 - 9:00 am
NEW YORK (AP) — U.S. stocks are slightly higher Friday as banks climb but retailers and big-dividend stocks slide. The Federal Reserve said production of cars and energy jumped in August. Interest rates are climbing as investors expect continued economic growth and further interest rate increases...
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FILE- In this Aug. 22, 2018, file photo specialist Anthony Matesic, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 13. (AP Photo/Richard Drew, File)
September 13, 2018 - 2:14 pm
NEW YORK (AP) — U.S. stocks made solid gains Thursday as Apple and Qualcomm led a rally in technology companies. Drugmakers and health insurers also rose. Apple changed course and rose a day after it introduced three new iPhone models and updates to the Apple Watch. Chipmakers recovered after a...
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FILE - In this Thursday, Aug. 30, 2018 file photo, Turkey's President Recep Tayyip Erdogan attends a military graduation ceremony on Victory Day, in Ankara, Turkey. Turkey's arrests of US evangelical pastor Andrew Craig Brunson and other Western citizens have thrust its troubled judicial system to the forefront of ties with allies, reinforcing suspicions that the Turkish government is using detainees as diplomatic leverage. (Presidential Press Service via AP, Pool, File)
September 13, 2018 - 8:19 am
ANKARA, Turkey (AP) — Turkey's central bank on Thursday raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem the currency crisis that has been destabilizing the country this summer. The bank's move is long overdue, many independent economists say,...
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FILE- In this Sept. 6, 2018, file photo Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 12. (AP Photo/Richard Drew, File)
September 13, 2018 - 5:34 am
SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods. Investors also appeared heartened by an interest rate increase by...
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September 12, 2018 - 10:04 pm
FRANKFURT, Germany (AP) — The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union's debt crisis. The bank's 25-member governing council...
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August 31, 2018 - 6:28 am
LONDON (AP) — Unemployment across the 19-country eurozone has fallen to its lowest level since the most acute phase of the global financial crisis a decade ago. Eurostat, the European Union's statistics agency, revealed Friday that the unemployment rate in July was 8.2 percent. That was unchanged...
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August 30, 2018 - 11:23 am
BUENOS AIRES, Argentina (AP) — Argentina's Central Bank on Thursday increased its benchmark interest rate to 60 percent — the world's highest — in an effort to halt a sharp slide in the value of the peso, which plunged to a record low. The peso fell more than 15 percent against the dollar on...
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