Banking and credit

Incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels, Wednesday, Sept. 4, 2019. (AP Photo/Francisco Seco)
September 04, 2019 - 10:01 am
FRANKFURT, Germany (AP) — Incoming European Central Bank head Christine Lagarde is defending the bank's record low rates and other stimulus measures as she prepares to take over with the economy facing trouble from trade wars and Brexit. During hearings in the European parliament Wednesday, Lagarde...
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In this June 14, 2019, photo a pair of shoppers, center, in the Levi's store in New York's Times Square, survey a T-shirt display. On Friday, Aug. 30, the Commerce Department issues its July report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Richard Drew)
August 30, 2019 - 7:46 am
WASHINGTON (AP) — U.S. consumer spending grew 0.6% in July, a healthy gain that suggests American shoppers are largely ignoring concerns about trade tensions and driving the economy forward. The Commerce Department said Friday that personal incomes rose just 0.1%, the smallest gain in 10 months...
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Two people steer their paddle boards over the river Main with the buildings of the banking district in background in Frankfurt, Germany, late Tuesday, Aug. 27, 2019. (AP Photo/Michael Probst)
August 30, 2019 - 2:34 am
BRUSSELS (AP) — Inflation in the 19-country eurozone was stuck at a low annual rate of 1% in August, potentially bolstering the argument for the European Central Bank to provide more stimulus to the economy when it meets next month. Statistics agency Eurostat said Friday that the inflation rate was...
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President Donald Trump and first lady Melania Trump arrive at Andrews Air Force Base, Md., Tuesday, Aug. 27, 2019, for a short trip to the White House after returning from the G-7 Summit in Biarritz, France (AP Photo/Andrew Harnik)
August 27, 2019 - 3:41 pm
WASHINGTON (AP) — A former top Federal Reserve official suggested Tuesday that the Fed avoid responding to the effects of President Donald Trump's trade war with China and even consider how its actions might affect Trump's re-election prospects — an argument that drew an unusual rejection from the...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 26, 2019. Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what U.S. President Donald Trump might say next. (AP Photo/Ahn Young-joon)
August 26, 2019 - 1:51 am
TOKYO (AP) — Shares mostly fell Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next. France's CAC 40 recouped early losses to inch up nearly 0.1% in early trading to 5,330...
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FILE - In this Aug. 6, 2019, file photo, a man walks by a money exchange shop decorated with Chinese yuan banknotes and other countries currency banknotes at Central, a business district in Hong Kong. China allowed its yuan to sink to an 11-year low against the dollar after U.S. President Donald Trump threatened to block American companies from doing business with this country. The yuan declined Monday, Aug. 26, 2019 to 7.1468 to the dollar, its weakest rate since January 2008. (AP Photo/Kin Cheung, File)
August 26, 2019 - 12:52 am
BEIJING (AP) — China allowed its yuan to sink to an 11-year low Monday after President Donald Trump sent jittery financial markets tumbling by announcing new tariff hikes and threatening to block American companies from doing business with this country. The escalation in the fight over trade and...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 26, 2019. Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what U.S. President Donald Trump might say next. (AP Photo/Ahn Young-joon)
August 25, 2019 - 8:22 pm
TOKYO (AP) — Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next. Japan's benchmark Nikkei 225 started plummeting as soon as trading began and stood at...
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FILE - In this June 29, 2019, file photo, President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has announced it will raise tariffs on $75 billion of U.S. products in retaliation for President Donald Trump's planned Sept. 1 duty increase in a war over trade and technology policy. (AP Photo/Susan Walsh, File)
AP News
August 24, 2019 - 9:46 am
WASHINGTON (AP) — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there. He also blamed his appointed head of the U.S. central bank, Federal Reserve Chairman Jerome Powell, for the...
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Federal Reserve Chairman Jerome Powell, left, and Bank of England Governor Mark Carney, right, pause in front of Mt. Moran after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 23, 2019, in Jackson Hole, Wyo. (AP Photo/Amber Baesler)
AP News
August 23, 2019 - 7:15 pm
WASHINGTON (AP) — President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or China's leader. The outburst came after...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Aug. 23, 2019. Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. (AP Photo/Richard Drew)
August 23, 2019 - 7:14 pm
The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss. Stocks tumbled after President Donald Trump responded angrily...
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