Financial crisis

A man walks by an electronic stock board of a securities firm in Tokyo, Friday, Sept. 6, 2019. Asian shares rose Friday as investors cheered plans for more trade negotiations between Washington and Beijing and drew encouragement from positive data about the U.S. economy. (AP Photo/Koji Sasahara)
September 06, 2019 - 4:57 am
TOKYO (AP) — Global shares mostly rose Friday ahead of U.S. jobs data for August, on renewed hopes for U.S.-China trade negotiations next month, and as the Chinese central bank's cut one of its interest rates. Economists have forecast that U.S. businesses and governments added 160,000 jobs last...
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FILE - This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out by taxpayers at a total cost of $187 billion, Thursday, Sept. 5, 2019. (AP Photo/Manuel Balce Ceneta, File)
September 05, 2019 - 4:17 pm
WASHINGTON (AP) — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The...
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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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A man watches the television message that Hong Kong Chief Executive Carrie Lam makes an announcement on the extradition bill, at a home electronics retailer in Hong Kong, on Wednesday, Sept. 4, 2019. Chief Executive Lam has announced the government will formally withdraw an extradition bill that has sparked months of demonstrations in the city, bowing to one of the protesters' demands. The bill would have allowed Hong Kong residents to be sent to mainland China for trials. It sparked massive protests that have become increasingly violent and caused the airport to shut down earlier this month. (AP Photo/Vincent Yu)
September 04, 2019 - 8:35 am
HONG KONG (AP) — Hong Kong Chief Executive Carrie Lam announced Wednesday the withdrawal of an extradition bill that sparked months of demonstrations, bowing to one of the protesters' demands in the hope of ending the increasingly violent unrest. But activists rejected the decision as insufficient...
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In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun, center, meets with political leaders with the aim of finding solutions to the country's economic crisis, in the presidential palace, in Baabda, east of Beirut, Lebanon, Monday, Sept. 2, 2019. Aoun said in a speech at the opening of the one-day session that everyone should make "sacrifices" in order to get one of the world's most indebted countries out of its problems. (Dalati Nohra via AP)
September 04, 2019 - 6:50 am
BEIRUT (AP) — An international ratings agency warned Wednesday there is a risk that customer deposit flows, particularly by nonresidents, could continue to decline in Lebanon, resulting in an accelerated drawdown of foreign currency reserves that would test the highly indebted country's ability to...
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French President Emmanuel Macron, center left, and President Donald Trump, center right, participate in a G-7 Working Session on the Global Economy, Foreign Policy, and Security Affairs the G-7 summit in Biarritz, France, Sunday, Aug. 25, 2019. Also pictured is German Chancellor Angela Merkel, left, Canadian Prime Minister Justin Trudeau, second from left, British Prime Minister Boris Johnson, third from left, President of the European Council Donald Tusk, center, Italian Prime Minister Giuseppe Conte, top second from right, and Japanese Prime Minister Shinzo Abe, right. (AP Photo/Andrew Harnik, Pool)
August 25, 2019 - 5:45 pm
BIARRITZ, France (AP) — The Latest on President Donald Trump at the Group of Seven summit. (all times local): 12:25 a.m. President Donald Trump will have a partner at a news conference to mark the conclusion of a gathering of world leaders. The White House says French President Emmanuel Macron will...
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U.S President Donald Trump and French President Emmanuel Macron greet each other at the G-7 summit before a dinner at the Lighthouse of Biarritz, France, Saturday, Aug. 24, 2019. (AP Photo/Andrew Harnik)
August 24, 2019 - 12:14 pm
BIARRITZ, France (AP) — Under the threatening clouds of a global economic slowdown, President Donald Trump is confronting the consequences of his preference to go it alone, with low expectations that the leaders of the richest democracies can make substantive progress on an array of issues at their...
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French President Emmanuel Macron and his wife Brigitte welcome President Donald Trump and first lady Melania Trump at the Biarritz lighthouse, southwestern France, ahead of a working dinner Saturday, Aug.24, 2019. Shadowed by the threat of global recession, a U.S. trade war with China and the possibility of one against Europe, the posturing by leaders of the G-7 rich democracies began well before they stood together for a summit photo. (AP Photo/Markus Schreiber)
August 24, 2019 - 11:18 am
BIARRITZ, France (AP) — The Latest on President Donald Trump (all times local): 8:05 p.m. President Donald Trump is dining with world leaders attending the annual Group of Seven summit in France. The opening event of the meeting of the world's richest democracies is being held at the Biarritz...
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Screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rates are seen at the foreign exchange dealing room in Seoul, South Korea, Friday, Aug. 23, 2019. Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. (AP Photo/Lee Jin-man)
August 23, 2019 - 9:05 am
WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 12 noon. Some economists saw Federal Reserve Chairman Jerome Powell's speech in Jackson Hole as setting the stage for further interest rate cuts this year. A quarter-point rate cut reduction...
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In this Aug. 9, 2019 photo, former Vice President and Democratic presidential candidate Joe Biden speaks at the Iowa Democratic Wing Ding at the Surf Ballroom, in Clear Lake, Iowa. As the U.S. economy flashes recession warning signs, Democratic presidential candidates are leveling pre-emptive blame on President Donald Trump. They argue that his aggressive and unpredictable tariff policies are to blame for gloomy economic forecasts. (AP Photo/John Locher)
August 23, 2019 - 12:41 am
PROLE, Iowa (AP) — Campaigning under the stifling August sun, Joe Biden assailed President Donald Trump's trade war with China, accusing him of squandering a strong economy and putting Americans' financial security at risk. But he was quick to add that he was not hoping for the worst. "I never wish...
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