Financial crisis

People walk in a market in Istanbul, Monday, Aug. 13, 2018. Turkey's central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis. The Turkish lira has nosedived over the past week and tumbled another 7 percent on Monday as the central bank's measures failed to restore investor confidence. (AP Photo/Mucahid Yapici)
August 14, 2018 - 4:45 am
ANKARA, Turkey (AP) — The Turkish currency has stabilized near record lows as investors gauge the government's next move to avoid a full-blown financial crisis. The Turkish lira has been hit by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with...
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A woman walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank Monday, Aug. 13, 2018. Asian stock prices sank Monday as Turkey’s financial turmoil fueled fears contagion might spread to other emerging markets. (AP Photo/Vincent Yu)
August 13, 2018 - 7:47 am
BEIJING (AP) — Global stock prices sank Monday as Turkey's financial turmoil fueled fears of contagion in other emerging markets. KEEPING SCORE: Germany's DAX declined 0.6 percent to 12,346 and London's FTSE 100 retreated 0.5 percent to 7,625. France's CAC 40 lost 0.2 percent to 5,401. On Wall...
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Turkey's President Recep Tayyip Erdogan announces plan of action for the first 100 days of his new presidency, in Ankara, Turkey, Friday, Aug. 3, 2018. (AP Photo/Burhan Ozbilici)
August 10, 2018 - 11:05 am
ANKARA, Turkey (AP) — The Latest on Turkey's financial turmoil (all times local): 6:05 p.m. Turkish President Recep Tayyip Erdogan says his country will continue to grow despite what he described as an "attack" on the Turkish lira. Delivering a speech in the northern city of Gumushane on Friday,...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Aug. 10, 2018. Shares were lower in Asia on Friday, tracking losses on Wall Street, despite the release of data showing Japan’s economy resumed its longtime expansion in the last quarter. (AP Photo/Eugene Hoshiko)
August 10, 2018 - 7:36 am
BANGKOK (AP) — World stock markets fell Friday, particularly in Europe, as investors worried about the financial stability of Turkey, where the currency has nosedived. KEEPING SCORE: Germany's DAX fell 1.7 percent to 12,466 and the CAC 40 in France fell 1.2 percent to 5,436. Britain's FTSE 100 sank...
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Various currencies are displayed without the going rate on a money exchange shop window in downtown Tehran, Iran, Tuesday, Aug. 7, 2018. Money exchange shops across Iran cautiously reopened on Tuesday after being shut for five months amid economic turmoil fanned by America's withdraw from the nuclear deal. (AP Photo/Ebrahim Noroozi)
August 08, 2018 - 7:22 am
TEHRAN, Iran (AP) — Iranian lawmakers Wednesday voted to sack President Hassan Rouhani's labor minister, a victory for hard-liners opposed to the relative moderate amid a worsening economic crisis. Parliament speaker Ali Larijani said 129 of 243 lawmakers present voted to oust Labor Minister Ali...
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A supporter Venezuela's President Nicolas Maduro holds up an image of him outside Miraflores presidential palace during a rally in Caracas, Venezuela, Monday, Aug. 6, 2018. Investigators are hunting for assailants behind a failed attempt to assassinate Maduro with explosives-laden drones, according to the government. (AP Photo/Ariana Cubillos)
August 06, 2018 - 5:58 pm
CARACAS, Venezuela (AP) — Pro-government factions mobilized thousands of Venezuelans dressed in red — the color of the ruling socialist party — onto the streets of the capital on Monday in a bid to show the country remains united around President Nicolas Maduro after what the government described...
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Press members wait as they try to get access to an apartment complex where an allegedly armed drone crashed, causing a fire, in Caracas, Venezuela, Sunday, Aug. 5, 2018. Venezuelan President Nicolas Maduro dodged an apparent assassination attempt the previous day when drones armed with explosives detonated while he was delivering a speech to hundreds of soldiers being broadcast live on television, according to officials. (AP Photo/Ariana Cubillos)
August 05, 2018 - 9:35 pm
CARACAS, Venezuela (AP) — Authorities detained six people suspected of using explosives-laden drones in a failed bid to assassinate Venezuelan President Nicolas Maduro, officials said Sunday, in what one witness described as a terrifying attack that shook her apartment building. The government...
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FILE - In this July 20, 2017 file photo, devalued Bolivar bank notes and coins, taped together, serve as makeshift rope at a roadblock set up by anti-government protesters in Caracas, Venezuela. The Venezuelan government presented to the Constitutional Assembly on Thursday, August 2, 2018, a decree that would make all operations at foreign exchange houses legal again. (AP Photo/Ariana Cubillos, File)
August 02, 2018 - 6:43 pm
CARACAS, Venezuela (AP) — Venezuela's socialist government on Thursday relaxed strict controls that for years have limited currency exchanges, choking an economy that's in a historic freefall. The ruling party's National Constitutional Assembly voted to legalize certain transactions in currency...
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Bank of England Governor, Mark Carney, speaks during a media conference to present the central bank's quarterly Inflation Report, in London, Thursday Aug. 2, 2018. The Bank of England raised its main interest rate for only the second time since the 2008 financial crisis, from 0.50 percent to 0.75 percent, as it weighed conflicting signs about the economy and growing concerns about Brexit.(Daniel Leal-Olivas/Pool via AP)
August 02, 2018 - 11:06 am
LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise the rate...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, Aug. 2, 2018. Share benchmarks in Asia are sliding, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports. (AP Photo/Kin Cheung)
August 02, 2018 - 7:50 am
BANGKOK (AP) — World stocks were falling again Thursday on reports that the Trump administration is considering a higher tax rate on Chinese imports, increasing the stakes in the economic powers' trade war. KEEPING SCORE: The DAX index in export-reliant Germany tumbled 1.6 percent to 12,534 and the...
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