Banking and credit

FILE - In this Aug. 6, 2019, file photo, a man walks by a money exchange shop decorated with Chinese yuan banknotes and other countries currency banknotes at Central, a business district in Hong Kong. China allowed its yuan to sink to an 11-year low against the dollar after U.S. President Donald Trump threatened to block American companies from doing business with this country. The yuan declined Monday, Aug. 26, 2019 to 7.1468 to the dollar, its weakest rate since January 2008. (AP Photo/Kin Cheung, File)
August 26, 2019 - 12:52 am
BEIJING (AP) — China allowed its yuan to sink to an 11-year low Monday after President Donald Trump sent jittery financial markets tumbling by announcing new tariff hikes and threatening to block American companies from doing business with this country. The escalation in the fight over trade and...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 26, 2019. Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what U.S. President Donald Trump might say next. (AP Photo/Ahn Young-joon)
August 25, 2019 - 8:22 pm
TOKYO (AP) — Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next. Japan's benchmark Nikkei 225 started plummeting as soon as trading began and stood at...
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FILE - In this June 29, 2019, file photo, President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has announced it will raise tariffs on $75 billion of U.S. products in retaliation for President Donald Trump's planned Sept. 1 duty increase in a war over trade and technology policy. (AP Photo/Susan Walsh, File)
AP News
August 24, 2019 - 9:46 am
WASHINGTON (AP) — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there. He also blamed his appointed head of the U.S. central bank, Federal Reserve Chairman Jerome Powell, for the...
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Federal Reserve Chairman Jerome Powell, left, and Bank of England Governor Mark Carney, right, pause in front of Mt. Moran after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 23, 2019, in Jackson Hole, Wyo. (AP Photo/Amber Baesler)
AP News
August 23, 2019 - 7:15 pm
WASHINGTON (AP) — President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or China's leader. The outburst came after...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Aug. 23, 2019. Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. (AP Photo/Richard Drew)
August 23, 2019 - 7:14 pm
The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss. Stocks tumbled after President Donald Trump responded angrily...
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Screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rates are seen at the foreign exchange dealing room in Seoul, South Korea, Friday, Aug. 23, 2019. Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. (AP Photo/Lee Jin-man)
August 23, 2019 - 9:05 am
WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 12 noon. Some economists saw Federal Reserve Chairman Jerome Powell's speech in Jackson Hole as setting the stage for further interest rate cuts this year. A quarter-point rate cut reduction...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 2:14 pm
A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and...
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President Donald Trump speaks with reporters before departing on Marine One on the South Lawn of the White House, Wednesday, Aug. 21, 2019, in Washington. Trump is headed to Kentucky. (AP Photo/Alex Brandon)
August 22, 2019 - 12:04 am
WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump on Wednesday changed course and said he would abandon the idea because the nation already had "a strong economy." Trump's flip-flop came after recent market volatility and economic uncertainty...
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German Chancellor Angela Merkel, right, and German Finance Minister Olaf Scholz, left, talk as they arrive for the weekly cabinet meeting at the Chancellery in Berlin, Germany, Wednesday, Aug. 21, 2019. The German government sold 30-year bonds at a negative interest rate Wednesday Aug. 21, 2019, in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way.(AP Photo/Michael Sohn)
August 21, 2019 - 1:56 pm
FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds...
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People stand by an electronic stock board of a securities firm in Tokyo, Wednesday, Aug. 21, 2019. Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. (AP Photo/Koji Sasahara)
August 21, 2019 - 4:59 am
BEIJING (AP) — Global stock markets were back in positive territory Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Market benchmarks in London and Frankfurt rose in early trading. On Wall Street, the...
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