Banking and credit

FILE - In a Wednesday, March 7, 2018 file photo, World Bank Chief Executive Officer Kristalina Georgieva speaks during a panel at the European headquarters of the United Nations in Geneva, Switzerland. Georgieva is in line to become the next head of the International Monetary Fund after the organization said Monday, September 9, 2019 Kristalina Georgieva is the one nominated for the job.(Salvatore Di Nolfi/Keystone via AP, File)
September 09, 2019 - 1:58 pm
WASHINGTON (AP) — A top World Bank official from Europe is in line to head the International Monetary Fund with the organization saying that there is only one person nominated for the job. Nominations are no longer being accepted, the IMF said Monday, and the group's executive board will conduct...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Monday, Sept. 9, 2019. (AP Photo/Lee Jin-man)
September 09, 2019 - 8:10 am
TOKYO (AP) — Global stocks mostly rose Monday as investors digested economic data and hoped for central banks to step in to nudge up growth. Germany's DAX was up 0.3% to 12,224, while France's CAC 40 fell 0.2% to 5,595 and Britain's FTSE 100 shed 0.6% to 7,238. U.S. shares were set to drift higher...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 6. (AP Photo/Frank Franklin II, File)
September 06, 2019 - 4:55 pm
Stocks edged higher on Wall Street in midday trading Friday as investors weighed new data showing U.S. employers added fewer than expected jobs in August even as the unemployment rate remained near the lowest level in five decades. The Labor Department's report also showed more people entered the...
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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 - 7:57 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 - 7:17 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 - 9:10 am
FRANKFURT, Germany (AP) — Christine Lagarde, the nominee to succeed Mario Draghi as head of the European Central Bank, has defended the bank's record low interest rates and extraordinary stimulus measures deployed in the wake of the Great Recession and eurozone debt crisis. Lagarde, who is leaving...
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People use the ATMs of a bank in central Athens, Monday, Aug. 26, 2017. Greece's prime minister Kyriakos Mitsotakis says the country will soon lift the last remaining restrictions imposed on bank depositors more than four years ago at the height of the country's financial crisis. (AP Photo/Thanassis Stavrakis)
September 02, 2019 - 9:25 am
ATHENS, Greece (AP) — Greece has formally ended the last remaining banking restrictions imposed four years ago during a financial crisis that saw the country nearly crash out of the eurozone. The decision announced last week took full effect Monday as limits were lifted on international business...
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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 - 5:19 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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In this Aug. 11, 2019, photo, U.S. currency and credit cards sit on a table at a restaurant in New Orleans. Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. (AP Photo/Jenny Kane)
August 29, 2019 - 9:38 am
Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. In recent months, two of the largest credit card issuers...
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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 - 4:20 pm
WASHINGTON (AP) — President Donald Trump, who last week suggested Fed Chairman Jerome Powell could be an enemy, is now saying that the central bank "loves" the troubles U.S. manufacturers are facing. The president's tweet Tuesday appears to be his latest effort pressure the central bank to lower...
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