Banking and credit

A man checks stock prices through his smartphone at a brokerage house in Beijing, Tuesday, Jan. 22, 2019. Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. This came after China said its economy grew at the slowest pace in 30 years. (AP Photo/Andy Wong)
January 21, 2019 - 8:24 pm
SINGAPORE (AP) — Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was closed for a holiday on...
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International Monetary Fund Managing Director Christine Lagarde briefs the media during a news conference at the annual meeting of the World Economic Forum, WEF, in Davos, Monday, Jan. 21, 2019. (AP Photo/Markus Schreiber)
January 21, 2019 - 8:14 am
DAVOS, Switzerland (AP) — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to 3.5...
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The sun rises behind the buildings of the banking district in Frankfurt, Germany, Sunday, Jan. 20, 2019. (AP Photo/Michael Probst)
January 21, 2019 - 5:58 am
FRANKFURT, Germany (AP) — Multiple threats stalking Europe's economy mean the European Central Bank could keep interest rates at rock-bottom levels longer than expected, extending skimpy returns for savers — but supporting indebted companies and governments with low borrowing costs. Speculation...
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FILE - In this Tuesday, Dec. 18, 2018 file photo, The Huawei office building at its research and development centre at Dongguan in south China's Guangdong province. In a statement issues Thursday Jan. 17, 2019, Britain's Oxford University says it is suspending research grants and funding donations from Huawei amid growing security concerns about the Chinese telecom giant. (AP Photo/Andy Wong, FILE)
January 18, 2019 - 4:14 pm
TORONTO (AP) — The Latest on Canada (all times local): 7:10 p.m. Canadian Prime Minister Justin Trudeau spoke to German Chancellor Angela Merkel about China's actions against Canada and the importance of the rules-based international order to ensure the confidence of the international business...
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In this Thursday, Jan. 17, 2019 photo, U.S. Coast Guard Culinary Specialist Jerry Wright, right, and Petty Officer 2nd Class Lauren Laughlin, second from right, stack boxes of donated cereal at a pop-up food pantry created at the Coast Guard Academy in New London, Conn. The pantry was created by local Coast Guard-related advocacy groups to help hundreds of civilian and non-civilian Coast Guard employees to help makes ends meet during the partial federal government shutdown. (AP Photo/Susan Haigh)
January 18, 2019 - 1:43 pm
NEW LONDON, Conn. (AP) — The city of New London, Connecticut, and its neighbors have joined forces to help hundreds of Coast Guard employees who are not being paid because of the partial government shutdown. A pop-up food pantry has opened at the U.S. Coast Guard Academy, one of several Coast Guard...
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January 16, 2019 - 9:33 pm
TOKYO (AP) — The governor of Japan's central bank has warned of unforeseen risks in guiding economic policy as the country's population declines. Bank of Japan Gov. Haruhiko Kuroda told fellow financial leaders Thursday that policies must be devised to prevent the shrinking population from...
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Erwin Guzman drops a food and supply donation for TAS workers at Orlando International Airport Wednesday, Jan. 16, 2019, in Orlando, Fla. as the partial government shutdown moves through its fourth week Wednesday, Jan. 16, 2019, in Orlando, Fla. (AP Photo/John Raoux)
January 16, 2019 - 2:48 pm
The partial government shutdown is a double-whammy for Cara and Philip Mangone, a married couple from Philadelphia. Both are agents with the Transportation Safety Administration, both working full time at the Philadelphia airport. Neither knows when they might again start drawing their paychecks...
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FILE - In this Nov. 14, 2018 file photo, the shadow of a worker falls on a fence at the construction site of a convenience store in Victorville, Calif. On Wednesday, Jan. 16, 2019, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. The Beige Book is based on anecdotal reports from businesses and will be considered along with other data when Fed policymakers meet next. (James Quigg/The Daily Press via AP, File)
January 16, 2019 - 1:41 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday business contacts in many regions of the country are expressing less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war. In its latest report on economic conditions around the...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. The Goldman Sachs Group Inc. reports financial results Wednesday, Jan. 16, 2019. (AP Photo/Richard Drew, File)
January 16, 2019 - 6:13 am
NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018. The Wall Street firm said Wednesday that it earned $2.32 billion, or $6.04 a share, compared to a $...
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FILE - In this Nov. 20, 2018, file photo, Ivanka Trump, the daughter of President Donald Trump, arrives for a ceremony to pardon the National Thanksgiving Turkey in the Rose Garden of the White House in Washington. An ethics watchdog group asked the Justice Department on Friday to investigate whether President Donald Trump's daughter Ivanka violated federal conflict-of-interest law by promoting an Opportunity Zone tax break program from which she could potentially benefit. (AP Photo/Carolyn Kaster, File)
January 15, 2019 - 2:40 pm
WASHINGTON (AP) — The White House says Ivanka Trump will take part in the nomination process for a new head of the World Bank. The senior adviser was asked to participate by Treasury Secretary Steven Mnuchin because she has worked with World Bank leaders on a variety of projects. The White House...
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