Banking and credit

A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Sept. 24, 2019. Shares have edged higher in Asia as U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks were due to resume in two weeks’ time. The Shanghai Composite index rose 0.8% and shares also rose in Tokyo and Hong Kong. (AP Photo/Koji Sasahara)
September 24, 2019 - 1:54 am
BANGKOK (AP) — World shares edged higher on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks were due to resume in two weeks' time. Germany's DAX was flat at 12,346.21, while the CAC 40 in Paris rose 0.2% to 5,641.93. Britain's FTSE 100 also edged 0.1%...
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A man carrying a national flag walks with his colleagues past by a floral decoration for the 70th anniversary of the founding of the People's Republic of China, on display along Chang'an street in Beijing, Tuesday, Sept. 24, 2019. China's central bank governor says policy will stay "stable and healthy," suggesting Beijing has no plans to join the United States and Europe in cutting interest rates to stimulate economic growth. (AP Photo/Andy Wong)
September 24, 2019 - 1:02 am
BEIJING (AP) — China's central bank governor said Tuesday its monetary policy will stay "stable and healthy," suggesting Beijing has no plans to join the United States and Europe in cutting interest rates to stimulate economic growth amid a tariff war with Washington. The People's Bank of China...
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European Central Bank President Mario Draghi addresses European Parliament members at the European Parliament in Brussels, Monday, Sept. 23, 2019. (AP Photo/Francisco Seco)
September 23, 2019 - 9:35 am
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economy in the 19-country eurozone is not showing signs of a rebound and urged governments to help by spending more on top of the central bank's latest package of stimulus measures. Mario Draghi said in remarks Monday before...
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During a trip organized by Saudi information ministry, a security guarder stands alert in front of Aramco's oil processing facility after the recent Sept. 14 attack on Aramco's oil processing facility in Abqaiq, near Dammam in the Kingdom's Eastern Province, Friday, Sept. 20, 2019. Saudi Arabia allowed journalists access Friday to the site of a missile-and-drone attack on a facility at the heart of the kingdom's oil industry, an assault that disrupted global energy supplies and further raised tensions between the U.S. and Iran. (AP Photo/Amr Nabil)
September 21, 2019 - 8:34 am
TEHRAN, Iran (AP) — Iran's powerful Revolutionary Guard is ready for combat and "any scenario," its chief commander said Saturday, as the country's nuclear deal with world powers collapses and the U.S. alleged Iran was behind a weekend attack on major oil sites in Saudi Arabia that shook global...
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FILE - In this Wednesday, Sept. 18, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. A peculiar thing is happening in financial markets this week _ a corner of the financial system where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion into the market over the past three days, with plans for another $75 billion on Friday. (AP Photo/Patrick Semansky, File)
September 20, 2019 - 12:56 pm
WASHINGTON (AP) — The Federal Reserve says it will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks. The New York Federal Reserve Bank, which handles the central bank's interactions with financial markets, said Friday that it will offer daily repurchase or...
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FILE - In this Sept. 16, 2019, file photo Gordon Charlop, center, and Christian Bader work at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 20. (AP Photo/Mark Lennihan, File)
September 20, 2019 - 12:51 pm
Stocks veered lower on Wall Street in afternoon trading Friday after reports that a Chinese delegation has cut short a visit to the U.S. fueled speculation that upcoming talks aimed at resolving the costly trade war between Washington and Beijing are in trouble. The selling, which erased modest...
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This Thursday, Oct. 16, 2014 file photo shows President and CEO of the Federal Reserve Bank of Boston Eric Rosengren in Chelsea, Mass. Rosengren,s who opposed the September 2019 quarter-point rate cut, says that the additional stimulus was not needed. (AP Photo/Michael Dwyer)
September 20, 2019 - 9:36 am
WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep divisions at the central bank. Eric Rosengren, head of the Fed's Boston regional bank and one of two officials who opposed the rate cut, said Friday that the...
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In this Thursday, Sept. 19, 2019, photo, a man holding a cup of coffee monitors the stock prices at a brokerage house in Beijing. Asian shares were mostly higher on Friday, Sept. 20, 2019 after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. (AP Photo/Andy Wong)
September 20, 2019 - 5:43 am
LONDON (AP) — Global stock markets traded in fairly narrow ranges on Friday at the end of a fairly eventful week that saw oil prices spike sharply after attacks on Saudi oil facilities and the Federal Reserve cut interest rates again. Though oil prices are up strongly on the week, there's been an...
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Bank of Japan Gov. Haruhiko Kuroda attends a meeting at its headquarters in Tokyo Thursday, Sept. 19, 2019. Japan’s central bank has opted to keep its monetary policy unchanged despite growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. (Muneyuki Tomori/Kyodo News via AP)
September 18, 2019 - 11:01 pm
TOKYO (AP) — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been...
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Stock traders John Santiago, left, and Paul Cosentino work at the New York Stock Exchange, Wednesday, Sept. 18, 2019. The Federal Reserve is expected to announce its benchmark interest rate later in the day. (AP Photo/Mark Lennihan)
September 18, 2019 - 9:02 pm
BANGKOK (AP) — Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Japan's central bank opted to keep...
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