Financial services

April 25, 2019 - 2:38 pm
MANAGUA, Nicaragua (AP) — A Nicaraguan bank close to the government has shut down after the United States imposed sanctions for alleged financial misdeeds on behalf of Venezuela's state-owned oil company. Eduardo Holmann Chamorro, one of Bancorp's three directors, says that the country's Banks and...
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A plane with Indonesian Vice President Jusuf Kalla taxies onto the special plane terminal of the Beijing International airport ahead of the Belt and Road Forum held in Beijing on Wednesday, April 24, 2019. (AP Photo/Ng Han Guan, Pool)
April 25, 2019 - 4:08 am
BEIJING (AP) — China's finance minister tried Thursday to dispel complaints its Belt and Road infrastructure-building initiative leaves developing countries with too much debt, promising "sustainable financing" as leaders gathered to celebrate the project. Liu Kun's comments came as Chinese...
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A man looks at an electronic board displaying stock prices at a brokerage house in Beijing, Wednesday, April 24, 2019. Shares were mostly lower in Asia on Wednesday despite the S&P 500’s all-time record high close the day before. (AP Photo/Andy Wong)
April 24, 2019 - 1:08 am
BANGKOK (AP) — Shares were mostly lower in Asia on Wednesday as the rally on Wall Street, where the S&P 500 logged an all-time record high close, ran out of steam. Japan's Nikkei 225 index lost 0.6% to 22,136.56 and the Hang Seng in Hong Kong fell 0.9% to 29,707.64. The Shanghai Composite index...
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FILE - In this March 12, 2019, file photo, trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 23. (AP Photo/Richard Drew, File)
April 23, 2019 - 7:54 pm
The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war...
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FILE - In this April 3, 2019 file photo, TobyMacFarlane departs federal court in Boston after facing charges in a nationwide college admissions bribery scandal. Authorities said Tuesday, April 23, that MacFarlane, a former senior executive at a title insurance company, will plead guilty to racketeering conspiracy and cooperate with federal authorities in the case. (AP Photos/Michael Dwyer, File)
April 23, 2019 - 5:20 pm
BOSTON (AP) — A former University of Southern California soccer coach and a California insurance executive became the latest people to agree to plead guilty in a college admissions cheating scandal that has netted prominent parents and Hollywood stars, federal prosecutors said Tuesday. Laura Janke...
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FILE - This Oct. 20, 2018, file photo shows marijuana clone plants displayed for sale by Interstate 5 Farms at the cannabis-themed Kushstock Festival at Adelanto, Calif. California legislators are considering a plan to encourage more banks to do business with its legal marijuana industry. (AP Photo/Richard Vogel, File)
April 22, 2019 - 8:41 pm
LOS ANGELES (AP) — California legislators considered a plan Monday intended to encourage more banks to do business with marijuana companies that have been frozen out of thousands of financial institutions. Most Americans live in states where marijuana is legally available in some form. But most...
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FILE - In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington. Trump says Herman Cain withdraws from consideration for Fed seat amid focus on past allegations. (AP Photo/Molly Riley, File)
April 22, 2019 - 12:47 pm
WASHINGTON (AP) — President Donald Trump said Monday that Herman Cain has withdrawn from consideration for a seat on the Federal Reserve's board amid a focus on past scandals. Cain is a former CEO of Godfather's Pizza who dropped out of the 2012 presidential race amid allegations of sexual...
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In this April 3, 2019, photo, former Nissan Chairman Carlos Ghosn, center, returns to his residence in Tokyo. Japanese prosecutors said Monday, April 22, 2019, they have indicted Nissan’s former chairman Ghosn with additional charges of breach of trust, with his alleged misconduct expanding outside Japan. (Mizuki Ikari/Kyodo News via AP)
April 22, 2019 - 5:49 am
TOKYO (AP) — Japanese prosecutors said Monday they have indicted Nissan's former chairman Carlos Ghosn with fresh breach of trust charges that expand their allegations of financial misconduct outside Japan. After the indictment, Ghosn's lawyers filed a request for his release on bail, the Tokyo...
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FILE - In this March 26, 2019 file photo, an evening commuter is silhouetted against the glistening New York City skyline at sunset as he walks along Hudson River shoreline in Jersey City, N.J. On Wednesday, April 17, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/J. David Ake, File)
April 17, 2019 - 2:45 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest. In its latest report on economic conditions around the country, the Fed said that some...
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FILE - In this April 12, 2019, file photo specialist Peter Mazza, left, and trader Jonathan Corpina, center, work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, April 17. (AP Photo/Richard Drew, File)
April 17, 2019 - 10:41 am
Major U.S. stock indexes fell in morning trading Wednesday as losses by health care companies outweighed gains elsewhere in the market. Anthem, Cigna and UnitedHealth Group were among the biggest decliners in the health care sector for the second straight day. Investors are hammering insurers amid...
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