Central banking

FILE - In this Aug. 13, 2019, file photo trader Steven Gohl monitors screens at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 16. (AP Photo/Richard Drew, File)
August 16, 2019 - 7:21 am
NEW YORK (AP) — Stocks rose broadly in morning trading on Wall Street Friday as investors look to end a turbulent week on a positive note. The S&P 500 rose 0.8% as of 10 a.m. Eastern time and the Dow Jones Industrial Average also gained ground. But both indexes are still headed for a third...
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August 09, 2019 - 2:43 pm
WASHINGTON (AP) — The International Monetary Fund sees little evidence that China's central bank has deliberately reduced the value of the nation's currency — a position at odds with the Trump administration's decision this week to accuse Beijing of manipulating the yuan. The IMF said Friday in its...
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Trader Gordon Charlop, left, and specialist Mario Picone work on the floor of the New York Stock Exchange, Thursday, Aug. 8, 2019. Stock prices rose Thursday as investors braced for the next development in the U.S.-Chinese trade war, which has caused volatility in world markets this week, and after Beijing reported a rise in exports, easing some concerns about its economic slowdown. (AP Photo/Richard Drew)
August 08, 2019 - 2:03 pm
Technology companies powered stocks broadly higher on Wall Street Thursday, driving the S&P 500 to its best day in more than two months and erasing its losses for the week. The rally, which pushed the Dow Jones Industrial Average up by more than 370 points, followed an early rise in bonds...
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FILE - In this Aug. 2, 2019 file photo, President Donald Trump speaks to reporters before departing the White House in Washington. Trump is not letting up on his attacks on the Federal Reserve, calling for “substantial” Fed rate cuts to allow the dollar to fall in value against foreign currencies. In a series of tweets Thursday, Aug. 8, Trump says, “As your president, one would think that I would be thrilled with our very strong dollar. I am not!” (AP Photo/Carolyn Kaster, File)
August 08, 2019 - 9:59 am
WASHINGTON (AP) — President Donald Trump is not letting up on his attacks on the Federal Reserve, calling for "substantial" Fed rate cuts to allow the dollar to fall in value against foreign currencies. In a series of tweets Thursday, Trump said, "As your president, one would think that I would be...
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August 08, 2019 - 1:19 am
BEIJING (AP) — China has lowered the trading range for its currency again, showing its potential for use as a trade weapon against Washington, but the exchange rate steadied following declines that alarmed financial markets. The central bank on Thursday set the starting point for the yuan's daily...
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FILE - In this Aug. 6, 2019, file photo trader Jonathan Mueller works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug. 7. (AP Photo/Richard Drew, File)
August 07, 2019 - 8:24 am
NEW YORK (AP) — U.S. stocks fell broadly in midday trading Wednesday as central banks around the world cut interest rates and increased fears that global growth is being crimped by the U.S.-China trade war. Every major U.S. index fell and put stocks back on a course for losses after briefly...
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August 07, 2019 - 3:09 am
THE HAGUE, Netherlands (AP) — The Netherlands' central bank has ordered ABN AMRO to check all of its retail customers for possible financial crimes as part of a government crackdown. ABN AMRO revealed the order Wednesday alongside second-quarter results that showed its net profit edged up 1% from...
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August 07, 2019 - 12:00 am
NEW DELHI (AP) — India's central bank has cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy, with consumer spending and corporate investment faltering and the production of capital goods and consumer durables decelerating. In...
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Lashing back against Trump's latest tariff threat, China lets yuan drop to 11-year low, suspends farm purchases.;
August 06, 2019 - 8:45 pm
BEIJING (AP) — China's yuan has weakened again after signs its decline was stabilizing helped to reassure jittery financial markets. The currency edged down to 7.0488 to the U.S. dollar on Wednesday, about 0.4 percent below its level late the previous day. Financial markets tumbled after Beijing...
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August 06, 2019 - 7:50 pm
WELLINGTON, New Zealand (AP) — New Zealand's central bank has cut its benchmark interest rate to an all-time low of 1% as it forecasts tougher economic conditions ahead. The cut of half a percentage point by the Reserve Bank was a surprise with most economists forecasting a rate cut of 0.25%. The...
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