Financial crisis

November 16, 2017 - 7:32 pm
NEW YORK (AP) — The Venezuelan government and its state-owned oil company PDVSA have officially defaulted on billions of dollars' worth of bonds, the latest chapter of the country's deep financial collapse. The International Swaps and Derivatives Association, a group of banks and brokers that...
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FILE - In this Nov. 12, 2013, file photo, Consumer Financial Protection Bureau Director Richard Cordray testifies before a Senate Committee on Banking hearing on Capitol Hill in Washington. Cordray has announced plans to resign his office by the end of November 2017. He is expected to return to his home state of Ohio to run for governor. The Democrat has been a leading critic of President Donald Trump within the government. (AP Photo/Jacquelyn Martin, File)
November 15, 2017 - 12:43 pm
NEW YORK (AP) — Richard Cordray, the first director of the Consumer Financial Protection Bureau, said Wednesday he will leave the position by the end of the month. Corday was appointed by President Barack Obama. His early resignation will give President Donald Trump a chance to appoint his own...
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Armed Zimbabwean soldiers sit on top of a military tank in Harare, Zimbabwe Wednesday, Nov. 15, 2017. At least three explosions were heard in Zimbabwe's capital early Wednesday and military vehicles were seen in the streets after the army commander threatened to "step in" to calm political tensions over 93-year-old President Robert Mugabe's possible successor. The ruling party accused the commander of "treasonable conduct." (AP Photo/Tsvangirayi Mukwazhi)
November 14, 2017 - 9:06 pm
HARARE, Zimbabwe (AP) — At least three explosions were heard in Zimbabwe's capital early Wednesday and military vehicles were seen in the streets after the army commander threatened to "step in" to calm political tensions over 93-year-old President Robert Mugabe's possible successor. The ruling...
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November 13, 2017 - 5:36 pm
WASHINGTON (AP) — A bipartisan group of senators has announced an agreement on legislation to provide banks and credit unions relief from some of the stricter regulatory requirements approved after the financial crisis. The lawmakers say the agreement is targeted at helping local community banks,...
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In this Monday, Nov. 13, 2017, photo provided by General Electric, GE Chairman and CEO John Flannery addresses investors at a meeting in New York. Flannery said the company is weighing the future of its transportation, industrial, and lighting businesses so that it can focus more intently on its most profitable divisions. (Eli Kabillio/General Electric via AP)
November 13, 2017 - 4:28 pm
NEW YORK (AP) — General Electric slashed its dividend in half and will attempt to vastly narrow its focus to three key sectors — aviation, health care and energy — as the conglomerate with early ties to Thomas Edison considers shedding even its historic lighting business. The company also pulled...
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FILE - In this Tuesday, March 21, 2017, file photo, William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, speaks during a panel discussion at The Bank of England in London. Dudley will retire as president and CEO of the Federal Reserve Bank of New York in 2018. Dudley's term ends in 2019 and he plans the retirement for the middle of 2018 to make sure a successor is in place. (AP Photo/Kirsty Wigglesworth, Pool, File)
November 06, 2017 - 5:06 pm
WASHINGTON (AP) — A revamping of the Federal Reserve's leadership is widening with the announcement Monday that William Dudley, president of the New York Fed and the No. 2 official on the Fed's key interest rate panel, will retire next year. Just last week, President Donald Trump chose Fed board...
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November 04, 2017 - 1:08 pm
CAIRO (AP) — A prominent rights lawyer will run for president in next year's elections, three senior politicians said Saturday The move is unlikely to seriously challenge the incumbent general-turned-president's campaign but will test his popularity at a time of deep economic hardships and a...
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President Donald Trump announces Federal Reserve board member Jerome Powell as his nominee for the next chair of the Federal Reserve in the Rose Garden of the White House in Washington, Thursday, Nov. 2, 2017. (AP Photo/Alex Brandon)
November 02, 2017 - 3:52 pm
WASHINGTON (AP) — The Latest on President Donald Trump and the chair of the Federal Reserve (all times local): 3:43 p.m. President Donald Trump's announcement of his nominee to lead the Federal Reserve included one noticeable absence: current Chair Janet Yellen. Although he praised Yellen and...
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FILE- In this Sunday, Oct. 15, 2017, file photo, U.S. Federal Reserve Chair Janet Yellen speaks during the G30 International Banking Seminar, at Inter-American Development Bank headquarters in Washington. On Wednesday, Nov. 1, 2017, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. ( AP Photo/Jose Luis Magana, File)
November 02, 2017 - 11:13 am
WASHINGTON (AP) — President Donald Trump has selected Federal Reserve board member Jerome Powell as the next chairman of the nation's central bank, succeeding Janet Yellen, two senior administration officials said Thursday. Trump plans to make the announcement later in the day at a White House...
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Secretary of State Rex Tillerson listens as President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, Nov. 1, 2017, in Washington. (AP Photo/Evan Vucci)
November 01, 2017 - 5:38 pm
WASHINGTON (AP) — President Donald Trump on Wednesday signed the repeal of a banking rule that would have allowed consumers to join together to sue their bank or credit card company to resolve financial disputes. The president signed the measure at the White House in private. Journalists were not...
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