Banking and credit

President Donald Trump speaks during a news conference about the coronavirus in the James Brady Briefing Room at the White House, Saturday, March 14, 2020, in Washington. (AP Photo/Alex Brandon)
March 14, 2020 - 9:21 pm
WASHINGTON (AP) — President Donald Trump said Saturday he had the power to fire or demote Federal Reserve Chairman Jerome Powell, adding new fuel to his long-running animus toward the central bank’s leader at a moment when the economy was at risk of edging into recession. Trump told reporters that...
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A Thai investor checks an electronic board showing stock prices at Asia Plus Securities, a private stock trading floor, in Bangkok, Thailand, Friday, March 13, 2020. Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Sakchai Lalit)
March 13, 2020 - 8:56 am
The Latest on financial markets: The European Commission says it will set up a 37 billion-euro ($41 billion) investment fund and allow “maximum flexibility” on state aid and fiscal rules to help member states weather the economic hit by the coronavirus outbreak. European Commission president Ursula...
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Michael Conlon, center, works with fellow traders on the floor of the New York Stock Exchange, Thursday, March 12, 2020. Stocks are sharply lower after resuming trading as traders fear that not enough is being done to contain the economic damage from the coronavirus pandemic. (AP Photo/Richard Drew)
March 12, 2020 - 4:42 pm
NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 4:40 p.m. A big part of the uncertainty driving the selling on Wall Street is questions how much corporate profits will be hurt by the effort to limit the spread of the coronavirus. American Airlines, Ralph Lauren...
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The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 8:57 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank decided Thursday to buy up 120 billion euros more in bonds, money that is newly created and injected into the financial system. It is...
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A pedestrian wearing face masks walk past the Bank of England in London, Wednesday, March 11, 2020. Britain's Chancellor of the Exchequer Rishi Sunak will announce the first budget since Britain left the European Union. (AP Photo/Matt Dunham)
March 11, 2020 - 6:40 am
LONDON (AP) — The Bank of England slashed its key interest rate by half a percentage point to 0.25% on Wednesday, as part of an emergency package of measures to cushion the “economic shock" of the coronavirus outbreak. The central bank said the move would “help support businesses and consumer...
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European Central Bank President Christine Lagarde talks to German Finance Minister Olaf Scholz during a meeting of European Union Finance Ministers in Eurogroup format at the Justus Lipsius building in Brussels, Monday, Feb. 17, 2020. (AP Photo/Francisco Seco)
March 11, 2020 - 1:00 am
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy. Expectations...
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A man wears a mask as he walks in the train station in Florence, Italy, Tuesday, March 10, 2020. Italy entered its first day under a nationwide lockdown after a government decree extended restrictions on movement from the hard-hit north to the rest of the country to prevent the spreading of coronavirus. (Jennifer Lorenzini/LaPresse via AP)
March 10, 2020 - 7:52 pm
Seven weeks after the first case of COVID-19 was confirmed in the U.S., the spread of the virus that causes the disease has done widespread damage to critical economic sectors in the country. Airlines are cutting capacity, people are working from home, major public events that raise millions of...
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Sal Suarino, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, March 10, 2020. Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade. (AP Photo/Richard Drew)
March 10, 2020 - 3:54 pm
NEW YORK (AP) — Stocks are moving sharply higher on Wall Street Tuesday after whipping up and down all day along with hopes that the U.S. and other governments will cushion the global economy from the pain of the coronavirus. The Dow Jones Industrial Average is up 1,000 points, or 4.4%, shortly...
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A woman's image is reflected in the window at the Australian Stock Exchange in Sydney, Monday, March 9, 2020. Asian stock markets plunged Monday after oil prices nosedived on worries a global economy weakened by a virus outbreak might be awash in too much crude. (AP Photo/Rick Rycroft)
March 09, 2020 - 8:21 am
BEIJING (AP) — Global stock markets and oil prices plunged Monday after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak. The main stock indexes in Britain and Germany were down by almost 7%. Japan's benchmark closed...
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Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, March 9, 2020. Asian stock markets plunged Monday after global oil prices nosedived on worries a global economy weakened by a virus outbreak might be awash in too much crude. Tokyo's benchmark tumbled 4.7%. (AP Photo/Eugene Hoshiko)
March 09, 2020 - 1:33 am
BEIJING (AP) — Asian stock markets plunged Monday after oil prices nosedived on worries a global economy weakened by a virus outbreak might be awash in too much crude. Tokyo's benchmark tumbled 6.2%, while Sydney fell 6.1%. Seoul sank 4.4% and Hong Kong lost 3.9%. Shares also sank in Middle East...
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