Banking and credit

FILE- This Sept. 10, 2017, file photo shows a night view of the Mangueira slum, seen from a squatter building that used to house the Brazilian Institute of Geography and Statistics IGBE) in the Mangueira slum of Rio de Janeiro, Brazil. Global poverty has fallen to a record low. The World Bank says 10 percent of the world’s population lived on less than $1.90 a day in 2015, down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million. (AP Photo/Felipe Dana, File)
September 19, 2018 - 7:46 am
WASHINGTON (AP) — Global poverty has fallen to a record low. The World Bank said Wednesday that 10 percent of the world's population lived on less than $1.90 a day in 2015 — the last year for which numbers were available — down from 11.2 percent in 2013. That means 735.9 million people lived below...
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September 19, 2018 - 5:41 am
COPENHAGEN, Denmark (AP) — The chief executive of Denmark's largest bank resigned Wednesday after an internal report into allegations of massive money laundering via an Estonian subsidiary showed that "the vast majority" of transactions were deemed to be "suspicious." Danske Bank commissioned the...
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FILE- In this June 15, 2017, file photo, credit cards are displayed in Haverhill, Mass. Visa and Mastercard say they and several banks will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions. (AP Photo/Elise Amendola, File)
September 18, 2018 - 12:28 pm
NEW YORK (AP) — Visa and Mastercard said Tuesday they will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions. Visa says it will pay $4.1 billion and Mastercard will pay about $900 million. The two companies say they've already set...
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FILE- In this Aug. 22, 2018, file photo specialist Anthony Matesic, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 13. (AP Photo/Richard Drew, File)
September 13, 2018 - 2:14 pm
NEW YORK (AP) — U.S. stocks made solid gains Thursday as Apple and Qualcomm led a rally in technology companies. Drugmakers and health insurers also rose. Apple changed course and rose a day after it introduced three new iPhone models and updates to the Apple Watch. Chipmakers recovered after a...
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FILE - In this Thursday, Aug. 30, 2018 file photo, Turkey's President Recep Tayyip Erdogan attends a military graduation ceremony on Victory Day, in Ankara, Turkey. Turkey's arrests of US evangelical pastor Andrew Craig Brunson and other Western citizens have thrust its troubled judicial system to the forefront of ties with allies, reinforcing suspicions that the Turkish government is using detainees as diplomatic leverage. (Presidential Press Service via AP, Pool, File)
September 13, 2018 - 8:19 am
ANKARA, Turkey (AP) — Turkey's central bank on Thursday raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem the currency crisis that has been destabilizing the country this summer. The bank's move is long overdue, many independent economists say,...
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FILE- In this Sept. 6, 2018, file photo Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 12. (AP Photo/Richard Drew, File)
September 13, 2018 - 5:34 am
SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods. Investors also appeared heartened by an interest rate increase by...
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September 12, 2018 - 10:04 pm
FRANKFURT, Germany (AP) — The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union's debt crisis. The bank's 25-member governing council...
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FILE- This Dec. 21, 2016, file photo shows the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 7, 2018. (AP Photo/Mark Lennihan, File)
September 07, 2018 - 8:46 am
NEW YORK (AP) — U.S. stock indexes churned on Friday, with high-dividend stocks falling and tech stocks rising, after a strong jobs report pushed investors to gird for higher interest rates. Not only was hiring better than expected last month, so were workers' wage gains. It's the latest evidence...
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FILE - In this file photo dated Tuesday, Jan. 10, 2017, British Airways planes are parked at Heathrow Airport in London.  British Airways announced a "very sophisticated malicious criminal attack" on its website Thursday Sept. 6, 2018, that compromised personal credit card information of its customers, and Chief Executive Alex Cruz said Friday the company is "100 percent committed" to compensating customers whose financial information was stolen. (AP Photo/Frank Augstein, FILE)
September 07, 2018 - 6:40 am
LONDON (AP) — Hackers obtained the credit card details of some 380,000 British Airways travelers during a two-week data breach this summer that leaves the customers vulnerable to financial fraud, the airline says. BA's CEO, Alex Cruz, said Friday that enough data was stolen to allow criminals to...
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August 31, 2018 - 6:28 am
LONDON (AP) — Unemployment across the 19-country eurozone has fallen to its lowest level since the most acute phase of the global financial crisis a decade ago. Eurostat, the European Union's statistics agency, revealed Friday that the unemployment rate in July was 8.2 percent. That was unchanged...
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