Banking and credit

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 08, 2020 - 5:57 pm
WASHINGTON (AP) — The Federal Reserve is expanding the range of companies that will qualify for its soon-to-begin Main Street Lending Program, in which the Fed will lend directly to individual companies for the first time since the Great Depression. Under the changes announced Monday, the Fed will...
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Signs recommending people wear face coverings to help stop the spread of coronavirus are displayed in Waterloo station, London, Thursday, June 4, 2020. Waterloo station, which is wide recognised as the busiest train station in Britain, is still much quieter than normal as most commuters are working from home and not commuting into central London offices. (AP Photo/Matt Dunham)
June 04, 2020 - 12:13 pm
LONDON (AP) — British Airways, Marks & Spencer and even Premier League soccer club Tottenham Hotspur are among 53 big companies to take advantage of a special coronavirus loan scheme from the Bank of England to tide them over during the pandemic. The central bank revealed Thursday for the first...
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The buildings of the banking district are seen in Frankfurt, Germany, at dawn on early Sunday, May 31, 2020. (AP Photo/Michael Probst)
June 04, 2020 - 7:51 am
FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. The central bank...
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FILE- In this file photo taken Thursday, April 30, 2020, Women carrying their children lineup to receive vegetables from the Jan Hofmeyer community services in the Vrededorp neighborhood of Johannesburg. South Africa is struggling to balance its fight against the coronavirus with its dire need to resume economic activity. The country with the Africa’s most developed economy also has its highest number of infections — more than 19,000. (AP Photo/Jerome Delay, file)
May 28, 2020 - 7:40 pm
UNITED NATIONS (AP) — The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a...
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May 27, 2020 - 2:57 pm
WASHINGTON (AP) — The Federal Reserve detailed Wednesday what most of the nation is already acutely aware of: Economic activity fell sharply around the country in April and May as measures to combat the spread of the coronavirus outbreak took hold. Drawing on reports from its 12 regions, the Fed...
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In this image provided by the New York Stock Exchange, New York State Gov. Andrew Cuomo, center, applauds as he rings the opening bell of the New York Stock Exchange with with New York Stock Exchange President Stacey Cunningham, right, Tuesday, May 26, 2020 in New York. The NYSE allowed a limited number of traders back to the floor with social distancing guidelines and face masks. (Courtney Crow/New York Stock Exchange via AP)
May 26, 2020 - 4:20 pm
Wall Street is closing higher as hopes for economic recovery overshadow worries over the coronavirus pandemic. The S&P 500 jumped to a nearly 3-month high, recovering much of its post-pandemic losses. Investors are shifting their focus to how various nations are adapting to getting back to...
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FILE - In this Aug. 7, 2019, file photo, Reserve Bank of India (RBI) Governor Shaktikanta Das speaks during a press conference in Mumbai, India. India’s central bank on Friday, May 22, 2020, cut its key interest rate to 4% to revive the economy severely hit the coronavirus outbreak and a two-month lockdown. Reserve Bank of India Governor Das also said India's gross domestic product in financial 2020-21 was expected to have negative growth. (AP Photo/Rajanish Kakade, File)
May 22, 2020 - 2:36 am
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it. Reserve Bank of India Governor Shaktikanta Das forecast that the economy will contract in fiscal 2020-21. He did not...
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May 21, 2020 - 3:21 pm
WASHINGTON (AP) — Efforts to forecast the U.S. economy's path to recovery from the current deep downturn face “a whole new level of uncertainty," Federal Reserve Chairman Jerome Powell said Thursday. Not only is there the difficulty predicting how the coronavirus pandemic will play out, it is also...
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FILE - This Feb. 18, 2020, photo shows a real estate sign in front of a home for sale in San Francisco. An estimated 4.1 million Americans have their mortgage in forbearance, according to data released Monday, May 18, by the Mortgage Bankers Association.(AP Photo/Jeff Chiu, File)
May 20, 2020 - 12:11 pm
Suddenly out of work or making due with reduced paychecks, an estimated 4.1 million Americans have sought forbearance on their mortgage, according to data released Monday by the Mortgage Bankers Association. That's a staggering number, and experts anticipate more homeowners will seek this...
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In this Saturday, May, 2, 2020, photo, a man uses banknotes to pay for his purchases at the mall in Basra, Iraq. The coronavirus pandemic has reawakened debate about the continued viability of what has been the physical lifeblood of global economies: paper money and coins. (AP Photo/Nabil al-Jurani)
May 20, 2020 - 2:07 am
BEIRUT (AP) — In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus,...
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