Banking and credit

May 20, 2019 - 7:00 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. In remarks prepared for a banking conference in Fernandina Beach, Florida, Powell...
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May 13, 2019 - 4:04 pm
MOSCOW (AP) — A Ukrainian court has rejected an appeal of a lower court ruling that said the nationalization of the country's largest commercial bank had been illegal. Ukraine's central bank requested the appeal refused Monday. The National Bank of Ukraine said it would ask a higher appeals court...
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May 12, 2019 - 3:37 pm
ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms. Pakistan and the international lender reached a "staff level agreement" subject to approval by the...
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FILE - In this May 1, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. Powell says the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. (AP Photo/Patrick Semansky, File)
May 09, 2019 - 12:03 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class...
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May 08, 2019 - 5:19 pm
LOS ANGELES (AP) — Attorneys general from 33 states on Wednesday urged Congress to approve a proposal intended to fully open the doors of the U.S. banking system to the legal marijuana industry. Most Americans live in states where marijuana is legally available in some form. But most banks don't...
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May 07, 2019 - 5:33 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank has cut interest rates for the first time in nearly three years to help support growth and counter risks from a global slowdown, trade tensions and extended weakness in commodity prices. Bank Negara Malaysia says it decided to reduce its...
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President Donald Trump speaks during a National Day of Prayer event in the Rose Garden of the White House, Thursday, May 2, 2019, in Washington. (AP Photo/Evan Vucci)
May 02, 2019 - 9:06 pm
WASHINGTON (AP) — Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women. Trump tweeted the news of...
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May 02, 2019 - 7:13 am
LONDON (AP) — The Bank of England kept its main interest rate on hold at 0.75% on Thursday as it assesses what impact the delay to Brexit might have on the economy. The central bank's Monetary Policy Committee voted unanimously to keep the main rate on hold. Governor Mark Carney will hold a news...
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An investor stands in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, May 2, 2019. Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light as markets in Japan and mainland China were closed. (AP Photo/Annice Lyn)
May 02, 2019 - 6:03 am
SINGAPORE (AP) — World stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year. As European traders returned from a May Day break, France's CAC 40 lost 0.3% at 5,568.45 while Germany's DAX...
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Specialist John Alatzas, left, and trader Michael Milano work on the floor of the New York Stock Exchange, Wednesday, May 1, 2019. Stocks are opening higher on Wall Street after several big U.S. companies reported earnings that were better than analysts were expecting. (AP Photo/Richard Drew)
May 01, 2019 - 11:56 pm
SINGAPORE (AP) — Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light with markets in Japan and mainland China closed. Hong Kong's Hang Seng rose 0.4% to 29,829...
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