Banking and credit

FILE - In this Oct. 1, 2019, file photo, a man walks past the Reserve Bank of Australia in Sydney. Australia’s central bank on Tuesday, March 3, 2020 cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. (AP Photo/Rick Rycroft, File)
March 02, 2020 - 11:35 pm
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since...
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A pair of specialists prepare for the day's trading activity on the floor of the New York Stock Exchange, Monday, March 2, 2020. Wall Street is set to post more losses at the opening bell, coming on top of last week's drop, which was the worst since the global financial markets over a decade ago. (AP Photo/Richard Drew)
March 02, 2020 - 4:37 pm
The Dow Jones Industrial Average soared nearly 1,300 points, or 5%, Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. The huge gains clawed back some of the ground lost last week...
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President of the European Central Bank Christine Lagarde addresses an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference COP26 at Guildhall in London, Thursday Feb. 27, 2020. The 2020 United Nations Climate Change Conference COP26 will be hosted in Glasgow from November 9 - November 19, 2020 under the presidency of the UK. (Tolga Akmen/Pool via AP)
March 02, 2020 - 4:23 pm
FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that Europe's top monetary authority is ready to take “appropriate and targeted measures” if necessary to support the economy against the headwinds from the coronavirus. Christine Lagarde said in a statement that the virus...
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Richard Boath smiles outside the Old Bailey, London, Friday Feb. 28, 2020. Three former Barclays bankers have been cleared of fraud over a 4 billion-pound ($5.2 billion) investment deal with Qatar at the height of the global financial crisis in 2008. The three men — Roger Jenkins, Thomas Kalaris and Richard Boath — were acquitted Friday after a five-month trial at London's Old Bailey. (Kirsty O'Connor/PA via AP)
February 28, 2020 - 10:23 am
LONDON (AP) — Three former Barclays bankers were cleared Friday of fraud over a 4 billion-pound ($5.2 billion) investment deal with Qatar at the height of the global financial crisis in 2008. The three men — Roger Jenkins, Thomas Kalaris and Richard Boath — were acquitted after a five-month trial...
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FILE - In this Wednesday, Feb. 26, 2020, file photo, stock trader Gregory Rowe works at the New York Stock Exchange. The S&P 500 has lost more than 10% from its record high as worries have built that a fast-spreading new virus will slam economies and corporate profits around the world. That means stocks just went through a “correction” in the stilted parlance of market watchers. (AP Photo/Mark Lennihan, File)
February 28, 2020 - 7:27 am
NEW YORK (AP) — After six days of being pounded by a virus-induced, global sell-off, U.S. markets hit a milestone this week. The S&P 500 has dropped more than 10% from the record highs set just over a week ago as a fast-spreading new virus raises the specter of damaged economies and tumbling...
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February 27, 2020 - 10:40 pm
ANCHORAGE, Alaska (AP) — Alaska state officials reacted with alarm this week after a second large U.S. bank said it would not support future oil and gas projects in the Arctic. The state's energy commission responded by shredding his Chase credit card after JPMorgan Chase & Co. announced a...
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In this Feb. 20, 2020, photo, items from H&M’s new street wear collection are displayed at a store in New York. The collection was designed in collaboration with Ruth Carter, the Academy-Award winning designer behind the costumes for films such as “Black Panther” and “Malcolm X." It debuted as more companies and brands are getting into the business of Black History Month but also trying not to leave the impression that African American consumers are important just once a year. (AP Photo/Richard Drew)
February 25, 2020 - 5:36 pm
NEW YORK (AP) — From shoes and T-shirts to dolls and tote bags, more companies and brands are getting into the business of Black History Month but trying not to leave the impression that African American consumers are important just once a year. Some businesses are using February to show off the...
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Women wearing sanitary masks walk in downtown Milan, Italy, Monday, Feb. 24, 2020. Italy has been scrambling to check the spread of Europe's first major outbreak of the new viral disease amid rapidly rising numbers of infections, calling off the popular Venice Carnival, scrapping major league soccer matches in the stricken area and shuttering theaters, including Milan's legendary La Scala. (AP Photo/Luca Bruno)
February 24, 2020 - 11:48 am
FRANKFURT, Germany (AP) — The widening coronavirus outbreak threatens to seriously disrupt the global economy just as it was steadying itself against headwinds from the U.S.-China trade dispute. Stocks fell sharply on Monday around the world on news of more infections in different countries. The U...
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A currency trader wears a face mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 24, 2020. (AP Photo/Ahn Young-joon)
February 24, 2020 - 6:14 am
BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook. The decline promises a sharp drop on Wall Street when it opens and...
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