Banking and credit

The sky is orange over the European central Bank in Frankfurt, Germany, before sunrise on Tuesday, Oct. 22, 2019. (AP Photo/Michael Probst)
October 24, 2019 - 4:57 am
FRANKFURT, Germany (AP) — European Central Bank chief Mario Draghi, whose vow to do "whatever it takes" is seen as a turning point in the eurozone's debt crisis, presided over his last policy meeting Thursday amid unusually strong internal opposition to the latest stimulus package that will be part...
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Anti-government protesters sit in front of a barbed-wire barrier on a road that leads to the Government House, during a protest in Beirut, Lebanon, Tuesday, Oct. 22, 2019. Prime Minister Saad Hariri briefed western and Arab ambassadors Tuesday of a reform plan approved by the Cabinet that Lebanon hopes would increase foreign investments to help its struggling economy amid wide skepticism by the public who continued in their protests for the sixth day. (AP Photo/Hassan Ammar)
October 22, 2019 - 8:45 am
BEIRUT (AP) — Lebanon's embattled prime minister sought international support Tuesday for economic reforms announced a day earlier, which were intended to pacify massive protests calling for his government to resign. Saad Hariri hopes the reform package will increase foreign investments and help...
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Anti-government protesters with the colors of the Lebanese national flag painted on their faces and with Arabic that reads "Revolution," pose for a photograph in front of the government palace in Beirut, Lebanon, Monday, Oct. 21, 2019. Protesters have closed major roads around Lebanon ahead of an emergency Cabinet meeting to discuss a rescue plan for the country's crumbling economy. AP Photo/Hassan Ammar)
October 21, 2019 - 9:21 am
BEIRUT (AP) — Lebanon's Cabinet approved a package of economic reforms and a 2020 budget with no new taxes on Monday, hoping to appease the thousands of protesters that have taken to the streets for the last five days to demand the government step down. Prime Minister Saad Hariri described the...
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October 21, 2019 - 3:03 am
KYIV, Ukraine (AP) — Ukrainian officials on Monday lashed out at a parody song targeting Ukraine's former central bank chief and mocking a recent arson attack on her home. Kvartal 95 is arguably the country's most beloved comedy show and was led by Volodymyr Zelenskiy before he was elected...
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
October 17, 2019 - 10:16 am
WASHINGTON (AP) — The International Monetary Fund's new leader says a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that higher...
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FILE - In this July 31, 2019, file photo workers clean the outside facade of State Farm Stadium in Glendale, Ariz. On Wednesday, Oct. 16, the Federal Reserve releases its latest ‘Beige Book’ survey of economic conditions. (AP Photo/Ross D. Franklin)
October 16, 2019 - 11:36 am
WASHINGTON (AP) — The U.S. economy was expanding at a modest pace in September and into October despite the fact manufacturing was being hurt by rising trade tensions and weaker global growth while adverse weather was affecting farmers. The Federal Reserve, issuing its latest assessment of business...
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October 15, 2019 - 8:46 am
WASHINGTON (AP) — The International Monetary Fund said Tuesday it welcomes the decision by Ecuadorian President Lenín Moreno to cancel an austerity package following more than a week of protests. Gita Gopinath, IMF's chief economist, said the agency welcomes the attempt "to bring in all...
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October 11, 2019 - 9:01 am
WASHINGTON (AP) — The Federal Reserve said Friday that it will buy short-term Treasury bills each month until the second quarter of 2020 to inject cash into the banking system and make it easier to control overnight lending rates. The action marks the Fed's latest response to a shortage of cash...
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October 10, 2019 - 12:43 pm
WASHINGTON (AP) — The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. The Fed's rule changes approved...
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The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
October 10, 2019 - 6:13 am
FRANKFURT, Germany (AP) — Top European Central Bank officials were united over the need for more stimulus at their last meeting but some pushed back against the eventual decision to launch bond purchases that inject newly printed money into the economy. The written account of the meeting released...
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