Banking and credit

In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 3:46 am
ANKARA, Turkey (AP) — Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central bank governor, reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat...
Read More
A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 08, 2019 - 3:26 am
BEIJING (AP) — Global stocks tumbled Monday after unexpectedly strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in London, Frankfurt, Tokyo and Shanghai all declined. Fed leaders have said they are ready to cut rates to support economic growth amid...
Read More
A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 07, 2019 - 8:38 pm
BEIJING (AP) — Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a...
Read More
Dark clouds cover the sky over the headquarter of Deutsche Bank in Frankfurt, Germany, Sunday, July 7, 2019. The supervisory board of the bank meets on Sunday to decide about further strategies. (AP Photo/Michael Probst)
July 07, 2019 - 12:55 pm
FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns to shareholders. The Frankfurt-headquartered bank said it...
Read More
July 06, 2019 - 2:18 am
ISTANBUL (AP) — Turkey's president has fired the central bank governor amid the country's economic downturn. Murat Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday. President Recep Tayyip Erdogan has the authority to make such appointments,...
Read More
In this Tuesday, June 4, 2019 photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. On Friday, July 5, the U.S. government issues the June jobs report. (AP Photo/Wilfredo Lee)
July 05, 2019 - 1:23 pm
WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve...
Read More
A trader works at the New York Stock Exchange, Friday, July 5, 2019 in New York. (AP Photo/Mark Lennihan)
July 05, 2019 - 12:29 pm
U.S. stocks edged lower and bond yields rose Friday afternoon as Wall Street closed in on a downbeat finish to an otherwise solid week of gains for the broader market. Stocks hovered slightly lower after nearly recovering from an early slide that briefly had the Dow Jones Industrial Average down...
Read More
July 05, 2019 - 8:05 am
WASHINGTON (AP) — The Federal Reserve repeats its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest rates. The Fed's statement on interest...
Read More
In this June 18, 2019, photo, a woman walks by an electronic stock board of a securities firm in Tokyo. Asian stocks fell Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. (AP Photo/Koji Sasahara)
July 04, 2019 - 11:33 pm
BEIJING (AP) — Asian stocks advanced Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. Benchmarks in Shanghai, Tokyo and Hong Kong rose while South Korea's was unchanged. Investors looked ahead to monthly U.S. jobs data due out Friday, which are...
Read More
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 4, 2019. Shares opened higher in Asia on Thursday after U.S. stocks closed broadly higher, sending the S&P 500 and other major indexes to record highs.(AP Photo/Ahn Young-joon)
July 04, 2019 - 9:28 pm
BEIJING (AP) — Asian stocks fell Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. Benchmarks in Shanghai, Tokyo and Hong Kong fell while Australia edged up. Investors looked ahead to monthly U.S. jobs data due out Friday, which are expected to be a...
Read More

Pages