Banking and credit

FILE - In this June 4, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. The slightest hint that the Federal Reserve might lower interest rates often puts investors in a buying mood, stoking their expectations of greater stock market returns. But it doesn’t always work that way. (AP Photo/Kiichiro Sato, File)
June 14, 2019 - 12:22 pm
WASHINGTON (AP) — President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve's interest rate policies even though he knows he has made Chairman Jerome Powell's job more difficult. Trump told ABC News in an interview released Friday that he thinks economic...
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International Monetary Fund (IMF) Managing Director Christine Lagarde, right, and European Central Bank (ECB) President Mario Draghi, left, speak prior to G20 Finance Ministers' and Central Bank Governors' Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko, Pool)
June 13, 2019 - 7:41 am
FRANKFURT, Germany (AP) — The euro has gained ground on the dollar as a global currency used for government reserves, rebounding from historic lows as U.S. sanctions deter some countries' use of the U.S. currency. The dollar, however, is still very much the dominant international currency for trade...
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Federal Reserve Chairman Jerome Powell talks with U.S. Treasury Secretary Steven Mnuchin during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 10, 2019 - 2:30 pm
WASHINGTON (AP) — President Donald Trump complained Monday that President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China's central bank while Trump must deal with a Federal Reserve that is "very destructive to us." Trump made clear in an interview with...
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U.S. Treasury Secretary Steven Mnuchin, left bottom, and China's Finance Minister Liu Kun, right top, pose with other participants for a family photo of the G20 finance ministers and central bank governors meeting Sunday, June 9, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 09, 2019 - 8:07 am
FUKUOKA, Japan (AP) — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth. The G-20 finance leaders said in a joint communique that risks from trade and...
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U.S. Treasury Secretary Steven Mnuchin, left, talks with China's Central Bank Governor Yi Gang during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 09, 2019 - 5:15 am
FUKUOKA, Japan (AP) — The Latest on a meeting of financial leaders of the Group of 20 major economies (all times local): 6 p.m. Finance ministers and central bank chiefs of the Group of 20 major economies have wrapped up a meeting in Japan with a pledge to use all the policies they can to protect...
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Steven Mnuchin, U.S. Treasury Secretary speaks to media at the venue of G20 Finance Minister and Central Bank Governors Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 08, 2019 - 1:00 am
FUKUOKA, Japan (AP) — The Latest on the meeting of financial leaders of the Group of 20 major economies (all times local): 1:50 p.m. U.S. Treasury Secretary Steven Mnuchin says he plans to speak one-on-one with China's central bank governor about trade. Mnuchin said Saturday that he would hold...
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Police officers stand guard to check the vehicles near the venue of G20 Finance Ministers' and Central Bank Governors' Meeting Friday, June 7, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 07, 2019 - 7:41 pm
FUKUOKA, Japan (AP) — Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on longstanding issues such as how much global giants like Facebook and Amazon should pay in taxes. They're likely to end up focusing a large share of their attention, however,...
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In this Tuesday, June 4, 2019 photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. On Friday, June 7, the U.S. government issues the May jobs report. (AP Photo/Wilfredo Lee)
June 07, 2019 - 8:42 am
WASHINGTON (AP) — U.S. hiring slowed in May as employers added just 75,000 jobs, a sign that businesses may have become more cautious in the face of slowing global growth and widening trade conflicts. The tepid job growth, along with the rising pressures on the economy, make it likelier that the...
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FILE - This April 13, 2019, file photo, shows rows of homes, in suburban Salt Lake City. On Thursday, June 6, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rick Bowmer, File)
June 06, 2019 - 12:45 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of...
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The bull and bear in front of the stock market are painted all green in Frankfurt, Germany, Monday, June 3, 2019. They were painted on occasion of the upcoming "Green Sauce" week when Frankfurt celebrates its most popular dish. (AP Photo/Michael Probst)
June 06, 2019 - 11:17 am
FRANKFURT, Germany (AP) — The European Central Bank is weighing what to do about growth worries and sluggish inflation, just two days after the U.S. Federal Reserve opened the door to more stimulus. Speculation has grown that the bank could act to boost the economy against a background of sagging...
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