Banking and credit

International Monetary Fund (IMF) Managing Director Christine Lagarde, right, and European Central Bank (ECB) President Mario Draghi, left, speak prior to G20 Finance Ministers' and Central Bank Governors' Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko, Pool)
June 13, 2019 - 6:41 am
FRANKFURT, Germany (AP) — The euro has gained ground on the dollar as a global currency used for government reserves as U.S. sanctions deter some countries' use of the U.S. currency. The dollar, however, is still very much the dominant currency for international trade, borrowing and reserves. That...
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Federal Reserve Chairman Jerome Powell talks with U.S. Treasury Secretary Steven Mnuchin during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 10, 2019 - 1:30 pm
WASHINGTON (AP) — President Donald Trump complained Monday that President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China's central bank while Trump must deal with a Federal Reserve that is "very destructive to us." Trump made clear in an interview with...
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U.S. Treasury Secretary Steven Mnuchin, left bottom, and China's Finance Minister Liu Kun, right top, pose with other participants for a family photo of the G20 finance ministers and central bank governors meeting Sunday, June 9, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 09, 2019 - 7:07 am
FUKUOKA, Japan (AP) — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in a...
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U.S. Treasury Secretary Steven Mnuchin, left, talks with China's Central Bank Governor Yi Gang during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 09, 2019 - 4:15 am
FUKUOKA, Japan (AP) — The Latest on a meeting of financial leaders of the Group of 20 major economies (all times local): 6 p.m. Finance ministers and central bank chiefs of the Group of 20 major economies have wrapped up a meeting in Japan with a pledge to use all the policies they can to protect...
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U.S. Treasury Secretary Steven Mnuchin, center right, speaks to media at the venue of G20 Finance Minister and Central Bank Governors Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 08, 2019 - 1:03 am
FUKUOKA, Japan (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that he plans to speak privately with China's central bank governor about trade on the sidelines of annual Group of 20 finance talks in southern Japan, but has no direct message to give him. Mnuchin and Yi Gang, chairman of...
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Steven Mnuchin, U.S. Treasury Secretary speaks to media at the venue of G20 Finance Minister and Central Bank Governors Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 08, 2019 - 12:00 am
FUKUOKA, Japan (AP) — The Latest on the meeting of financial leaders of the Group of 20 major economies (all times local): 1:50 p.m. U.S. Treasury Secretary Steven Mnuchin says he plans to speak one-on-one with China's central bank governor about trade. Mnuchin said Saturday that he would hold...
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Police officers stand guard to check the vehicles near the venue of G20 Finance Ministers' and Central Bank Governors' Meeting Friday, June 7, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko)
June 07, 2019 - 6:41 pm
FUKUOKA, Japan (AP) — Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on longstanding issues such as how much global giants like Facebook and Amazon should pay in taxes. They're likely to end up focusing a large share of their attention, however,...
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FILE - In this May 30, 2019, file photo trader Craig Esposito, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 7. (AP Photo/Richard Drew, File)
June 07, 2019 - 3:13 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher Friday as a lackluster report on hiring increases the odds the Federal Reserve will cut interest rates in the coming months. Investors are also hoping the U.S. and Mexico can reach...
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In this Tuesday, June 4, 2019 photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. On Friday, June 7, the U.S. government issues the May jobs report. (AP Photo/Wilfredo Lee)
June 07, 2019 - 7:42 am
WASHINGTON (AP) — U.S. hiring slowed in May as employers added just 75,000 jobs, a sign that businesses may have become more cautious in the face of slowing global growth and widening trade conflicts. The tepid job growth, along with the rising pressures on the economy, make it likelier that the...
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FILE - This April 13, 2019, file photo, shows rows of homes, in suburban Salt Lake City. On Thursday, June 6, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rick Bowmer, File)
June 06, 2019 - 11:45 am
WASHINGTON (AP) — U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of...
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