Roberto Cardarelli, mission chief for Argentina, left, and Alejandro Werner, director of the International Monetary Fund’s Western Hemisphere Department, hold a news conference at IMF headquarters in Washington, Friday June 8, 2018. (AP Photo/Luis Alonso Lugo)
June 08, 2018 - 4:35 pm
WASHINGTON (AP) — The International Monetary Fund said Friday that fiscal targets set for Argentina as part of a $50 billion deal are possible but will require a strong commitment from the South American country. Argentina and the IMF agreed Thursday on a three-year standby financing deal aimed at...
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FILE - In this May 10, 2018 file photo, International Monetary Fund (IMF) Managing Director Christine Lagarde, right, meets with Argentina's Treasury Minister Nicolas Dujovne, at the IMF in Washington. Argentina and the IMF have agreed on a $50 billion stand-by deal aimed at strengthening the South American country's economy, announced on Thursday, June 7, 2018. (AP Photo/Jacquelyn Martin, File)
June 07, 2018 - 8:24 pm
WASHINGTON (AP) — Argentina and the International Monetary Fund agreed Thursday on a three-year $50 billion stand-by financing deal aimed at strengthening the South American country's economy and helping it fight inflation. The IMF said the staff-level agreement will be subject to approval by the...
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June 06, 2018 - 7:57 am
NEW DELHI (AP) — India's central bank raised its benchmark lending rate Wednesday to tamp down rising inflation following an increase in oil prices. The increase of one-quarter percentage point to 6.25 percent is the first since January 2014 and comes at a time when consumer inflation is at a four-...
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FILE- In this May 7, 2018, file photo, a long line of 2018 and 2019 Cooper Countryman models sits at a Mini Cooper dealership in Highlands Ranch, Colo. On Thursday, May 31, the Commerce Department issues its April report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/David Zalubowski, File)
May 31, 2018 - 1:35 pm
WASHINGTON (AP) — Americans boosted their spending by 0.6 percent in April, the biggest increase in five months and a strong indication that the economy is reviving after a winter slowdown. The Commerce Department said Thursday that last month's increase in consumer spending was the largest...
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The buildings of the banking district are reflected in the river Main as the sun sets in Frankfurt, Germany, Monday evening, May 28, 2018. (AP Photo/Michael Probst)
May 31, 2018 - 5:02 am
BRUSSELS (AP) — Official figures show that a big jump in energy prices has pushed inflation across the 19-country eurozone back to the European Central Bank's goal in May. Eurostat, the European Union's statistics agency, said consumer prices were up by an annual rate of 1.9 percent in May, way...
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May 30, 2018 - 8:47 am
BERLIN (AP) — Germany's unemployment rate slid to 5.1 percent in May as the labor market benefited from a traditional spring pickup and the country's robust economic performance. The Federal Labor Agency said Wednesday that the unadjusted jobless rate — the headline figure in Germany — was down...
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May 25, 2018 - 9:38 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed's independence from political pressure is key in enabling the central bank to fight inflation, stabilize the economy, and regulate the financial system. His remarks Friday come after Kevin Warsh, a former Fed official who...
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Bank of England Governor Mark Carney delivers a speech, during the Bank of England Markets Forum 2018, at Bloomberg, in central London, Thursday May 24, 2018. (Victoria Jones/Pool Photo via AP)
May 25, 2018 - 5:23 am
LONDON (AP) — A day after the Bank of England's governor warned about the damaging consequences of a "disorderly" Brexit, official figures Friday confirmed that the British economy barely grew in the first three months of the year. The Office for National Statistics said the economy expanded by a...
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FILE- In this April 6, 2018, file photo, Federal Reserve Chairman Jerome Powell listens as he tours mHUB during a visit to Chicago. The Federal Reserve releases minutes from its most recent policymakers’ meeting on Wednesday, May 23. (AP Photo/Charles Rex Arbogast, File)
May 23, 2018 - 5:02 pm
WASHINGTON (AP) — Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies. The minutes of the Fed's May...
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An employee of a currency exchange shop uses his mobile outside the shop in a market in Istanbul, Wednesday, May 23, 2018. Turkey's currency has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. (AP Photo/Lefteris Pitarakis)
May 23, 2018 - 3:20 pm
ANKARA, Turkey (AP) — Under pressure to act, Turkey's central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support the beleaguered currency. The Turkish lira regained some of its value after the bank's monetary...
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