Banking and credit

FILE - In this Friday, July 19 2019, file photo specialist Mark Otto, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 26. (AP Photo/Richard Drew, File)
July 26, 2019 - 7:50 am
NEW YORK (AP) — U.S. stock indexes rose Friday following strong profit reports from Google's parent company, Twitter and other big corporations. The S&P 500 climbed back toward its record and was on track to close out its third winning week in the last four. Companies are nearly midway through...
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FILE - In this Friday, July 19 2019, file photo trader Timothy Nick, left, and specialist Anthony Matesic work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 25. (AP Photo/Richard Drew, File)
July 25, 2019 - 7:17 pm
TOKYO (AP) — Asian shares are lower Friday as investors continued to watch the brewing trade conflict between China and the U.S., and any signs of what's in store from central banks. Japan's benchmark Nikkei 225 slid 0.6% to 21,637.21 in morning trading. Australia's S&P/ASX 200 lost 0.4% to 6,...
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In this Friday, July 19, 2019 photo, a For Sale sign is posted in front of a home in Miami. On Thursday, July 25, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Lynne Sladky)
July 25, 2019 - 9:21 am
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, edging toward three-year lows amid signals from Federal Reserve officials that they could cut their benchmark interest rate at their meeting next week. Mortgage buyer Freddie Mac says the average rate on the key 30-year mortgage dipped...
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In this Tuesday, Dec. 11, 2018 photo the European Central Bank (ECB) sits next to the river Main in Frankfurt, Germany. The European Central Bank could take action including a possible rate cut at its policy meeting on Thursday, as central banks around the globe get ready to rev up stimulus in order to support the long-running recovery from the Great Recession. (AP Photo/Michael Probst)
July 25, 2019 - 5:15 am
FRANKFURT, Germany (AP) — The European Central Bank joined the U.S Federal Reserve in saying that more stimulus could be coming soon to support an economy weakening in the face of global tensions over trade. The ECB said Thursday after a policy meeting that it could cut interest rates as its next...
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A window cleaner waves as he takes a break from repelling down the side of a high-rise building in Istanbul, Monday, July 15, 2019. (AP Photo/Lefteris Pitarakis)
July 25, 2019 - 4:19 am
ANKARA, Turkey (AP) — Turkey's central bank has slashed the key interest deeply, by 4.25 percentage points, in a first monetary policy meeting under its new governor. The interest rate was cut Thursday to 19.75% from 24%. President Recep Tayyip Erdogan dismissed the previous governor, Murat...
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FILE - In this April 13, 2019, file photo, International Monetary Fund (IMF) managing director Christine Lagarde speaks during a news conference after the International Monetary and Financial Committee (IMFC) conference at the World Bank/IMF Spring Meetings in Washington, Lagarde said Tuesday, July 16, 2019, she will resign as managing director of the International Monetary Fund in light of her nomination to be the next president of the European Central Bank. (AP Photo/Jose Luis Magana, File)
July 25, 2019 - 2:19 am
FRANKFURT, Germany (AP) — The European Central Bank's governing council has signed off on the nomination of International Monetary Fund head Christine Lagarde as the next head of Europe's top monetary authority. The council on Thursday delivered its opinion, required under the appointment procedure...
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FILE - In this Thursday, July 18, 2019, file photo trader Dennis Maguire works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 23. (AP Photo/Richard Drew, File)
July 23, 2019 - 9:50 am
NEW YORK (AP) — U.S. stocks moved higher in midday trading Tuesday on Wall Street as several major companies reported solid second quarter earnings. Corporate earnings are now in full swing after last week's relatively light load of mixed results. Nearly 150 companies in the S&P 500 will report...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, July 23, 2019. Asian stock markets rose on Tuesday on optimism over possible new U.S.-China talks despite rising Middle East tensions. (AP Photo/Koji Sasahara)
July 23, 2019 - 4:43 am
BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone...
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In this Tuesday, Dec. 11, 2018 photo the European Central Bank (ECB) sits next to the river Main in Frankfurt, Germany. The European Central Bank could take action including a possible rate cut at its policy meeting on Thursday, as central banks around the globe get ready to rev up stimulus in order to support the long-running recovery from the Great Recession. (AP Photo/Michael Probst)
July 22, 2019 - 8:01 am
FRANKFURT, Germany (AP) — The European Central Bank could take action including a possible rate cut at its policy meeting on Thursday, as central banks around the globe rev up stimulus to support the world economy through a period of heightened uncertainty from trade wars and Brexit. The ECB, which...
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A special gong is prepared for the launch of the SSE STAR Market in the hall of Shanghai Securities Exchange in Shanghai, China, Monday, July 22, 2019. Trading started Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. (Chinatopix via AP)
July 21, 2019 - 11:23 pm
TOKYO (AP) — Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Prices of the 25 companies listed on the Shanghai Stock Exchange's STAR Market more than doubled, with one company, Anji...
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