Banking and credit

A trader works at the New York Stock Exchange, Friday, July 5, 2019 in New York. (AP Photo/Mark Lennihan)
July 05, 2019 - 12:29 pm
U.S. stocks edged lower and bond yields rose Friday afternoon as Wall Street closed in on a downbeat finish to an otherwise solid week of gains for the broader market. Stocks hovered slightly lower after nearly recovering from an early slide that briefly had the Dow Jones Industrial Average down...
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July 05, 2019 - 8:05 am
WASHINGTON (AP) — The Federal Reserve repeats its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest rates. The Fed's statement on interest...
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In this June 18, 2019, photo, a woman walks by an electronic stock board of a securities firm in Tokyo. Asian stocks fell Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. (AP Photo/Koji Sasahara)
July 04, 2019 - 11:33 pm
BEIJING (AP) — Asian stocks advanced Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. Benchmarks in Shanghai, Tokyo and Hong Kong rose while South Korea's was unchanged. Investors looked ahead to monthly U.S. jobs data due out Friday, which are...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 4, 2019. Shares opened higher in Asia on Thursday after U.S. stocks closed broadly higher, sending the S&P 500 and other major indexes to record highs.(AP Photo/Ahn Young-joon)
July 04, 2019 - 9:28 pm
BEIJING (AP) — Asian stocks fell Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. Benchmarks in Shanghai, Tokyo and Hong Kong fell while Australia edged up. Investors looked ahead to monthly U.S. jobs data due out Friday, which are expected to be a...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. President Donald Trump says on Twitter he will nominate economists Christopher Waller and Judy Shelton to fill two vacancies on the Federal Reserve Board of Governors. (AP Photo/Andrew Harnik, File)
July 02, 2019 - 6:37 pm
WASHINGTON (AP) — President Donald Trump, who has criticized the Federal Reserve for not cutting interest rates, said Tuesday that he intends to nominate two economists to fill influential positions on the central bank's Board of Governors. Trump said he would name to the board Christopher Waller,...
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Belgian Prime Minister Charles Michel arrives for an EU summit in Brussels, Sunday, June 30, 2019. European Union leaders on Tuesday, July 2, 2019, after a lengthy session of talks, have named current Belgian Prime Minister Charles Michel for the post of President of the European Commission. (Francois Lenoir, Pool Photo via AP, File)
July 02, 2019 - 11:48 am
BRUSSELS (AP) — The Latest on the European Union summit (all times local): 8:45 p.m. Belgian Prime Minister Charles Michel says it's a "great honor, a privilege" to be named as the next president of the European Council and that he will do his utmost to live up to the expectations of the role...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, July 2, 2019. Most Asian stock markets have risen after Wall Street’s benchmark hit a new high following the latest U.S.-Chinese trade truce. (AP Photo/Koji Sasahara)
July 02, 2019 - 6:00 am
LONDON (AP) — Global stock markets traded in fairly narrow ranges Tuesday as investors moved on from the latest truce in the costly U.S.-Chinese trade war. Investors were encouraged Monday by the agreement between Presidents Donald Trump and Xi Jinping of China at a weekend meeting of the Group of...
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FILE - In this May 6, 2019, file photo, a woman looks at display boards at the Australian Stock Exchange in Sydney, Australia. Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1% in a bid to boost the economy. (AP Photo/Rick Rycroft, File)
July 01, 2019 - 11:44 pm
CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1% in a bid to boost the economy. The cut is the second in consecutive months. Previously the Reserve Bank of Australia had not shifted the rate in...
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In this June 12, 2019, photo, a man walks past an entrance to the International Finance Corporation, a unit of the World Bank Group, in Washington. The unit of the World Bank has been dragged onto the edges of Latin America’s biggest corruption scandal involving a highway connecting the Colombian capital to busy Caribbean ports. (AP Photo/Patrick Semansky)
July 01, 2019 - 9:05 pm
BOGOTA, Colombia (AP) — A unit of the World Bank has been dragged into the edges of Latin America's biggest corruption scandal. The scandal involves a 1,000-kilometer (620-mile) highway across mountainous terrain connecting the Colombian capital to busy Caribbean ports. An investment officer for...
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Trader Jonathan Muller works in his booth on the floor of the New York Stock Exchange, Monday, July 1, 2019. Stocks are rallying early Monday after the U.S. and China agreed to resume trade talks. (AP Photo/Richard Drew)
July 01, 2019 - 2:15 pm
Wall Street kicked off July with a record high for S&P 500 index after a cease-fire in the U.S. trade war with China put investors in a buying mood. The milestone marks the second time in less than two weeks that the benchmark index closed at a record high. The S&P 500 is now up 18.3% for...
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