Financial services

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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In this July 31, 2019, photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. In a strong rebuke to President Donald Trump, the four living former leaders of the Federal Reserve say that the head of the nation's central bank should be able to make interest-rate decisions free of political pressure and the threat of being removed or demoted. Current Fed Chairman Powell has come under heavy attacks from Trump, who has repeatedly attacked Powell's decisions and has reportedly explored the possibility of either firing Powell or demoting him as Fed chairman. (AP Photo/Manuel Balce Ceneta)
August 06, 2019 - 4:15 pm
WASHINGTON (AP) — In a strong rebuke to President Donald Trump, the four living former leaders of the Federal Reserve say that the head of the nation's central bank should be able to make interest-rate decisions free of political pressure and the threat of being removed or demoted. The former...
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FILE - In this Nov. 16, 2018, file photo credit union members stand in line at Blackhawk Community Credit Union on East Milwaukee Street in Janesville, Wis. Credit unions, with their great savings and loan rates and excellent service, offer an alternative to traditional banks. (The Janesville Gazette via AP)
August 06, 2019 - 8:00 am
An underused money tool that could help a new generation of adults on their path to prosperity isn't a smartphone app, a virtual currency or a digital payment system. It's an old-timey credit union. Credit unions , if you're unfamiliar, are like nonprofit banks. They may not satisfy all your money-...
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FILE - In this Tuesday, June 9, 2015 file photo, the HSBC logo is seen through a window where buildings are reflected on to, at a branch in London. HSBC announced on Monday Aug. 5, 2019, the surprise departure of CEO John Flint after 18 months in the job, saying the bank needs new leadership. (AP Photo/Kirsty Wigglesworth, File)
August 06, 2019 - 4:12 am
BRUSSELS (AP) — Belgian prosecutors say they have reached a settlement worth nearly 300 million euros ($335 million) with a Swiss private banking branch of HSBC over a longstanding fraud and tax dodging case. The Brussels prosecutor's office said Tuesday it was able to reach a settlement partly...
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FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. The U.S. Treasury Department labeled China a currency manipulator Monday, Aug. 5, after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 3:36 pm
WASHINGTON (AP) — The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. The decision, which came hours after President Donald Trump accused...
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August 05, 2019 - 12:18 pm
NEW YORK (AP) — Two of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline of printed editions. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in...
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