Banking and credit

Christine Lagarde president of the ECB before making a speech during the annual report 2018 of the ECB, before the European Parliament's economic and monetary affairs committee at the European Parliament in Strasbourg, France, Tuesday Feb. 11, 2020. Lagarde warned that the world's central banks have little room to stimulate growth in the economy as interest rates and inflation are already very low. (AP Photo/Jean-François Badias)
February 11, 2020 - 9:12 am
FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde is urging governments to get more involved in supporting the tepid eurozone economy through targeted spending and business-friendly reforms. Lagarde said that “"other policy areas... have to play their part” in helping the...
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FILE - In this Monday, Sept. 23, 2019 file photo, African Development Bank President Akinwumi Adesina, left, is joined by Masen President Mustapha Bakkoury as he addresses the Climate Action Summit in the United Nations General Assembly, at U.N. headquarters. Africa shouldn't have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, Feb. 11, 2020, adding that polluting global powers "have to pay." (AP Photo/Jason DeCrow, File)
February 11, 2020 - 5:43 am
ADDIS ABABA, Ethiopia (AP) — Africa shouldn’t have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, adding that polluting global powers “have to pay.” Akinwumi Adesina told The Associated Press in an interview on the sidelines of the African...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Feb. 10, 2020. Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is under control might be premature. (AP Photo/Eugene Hoshiko)
February 09, 2020 - 9:49 pm
BEIJING (AP) — Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is under control might be premature. Market benchmarks in Tokyo, Shanghai and Hong Kong retreated. Australia was unchanged. A decline last week...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)
February 07, 2020 - 12:48 pm
WASHINGTON (AP) — The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possible spillovers from a deadly virus in China represent a new threat. In its semi-annual...
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February 06, 2020 - 12:49 pm
FRANKFURT, Germany (AP) — Deutsche Bank's battered stock soared 14.4% on Thursday after a new investor took a large stake — a move seen as a vote of confidence in the restructuring effort led by CEO Christian Sewing. Deutsche Bank disclosed that Los Angeles-based Capital Group Companies had taken a...
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European Central Bank President Christine Lagarde arrives to a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 06, 2020 - 7:02 am
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde has warned that the world's central banks have less room to stimulate the economy in case there's a recession. Lagarde said in an appearance Thursday before the European Parliament's economic and monetary affairs committee that...
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FILE - In this Jan. 29, 2020, file photo, a shopper walks in a street market aimed for Chinese tourists in Bangkok, Thailand. The outbreak of new virus centered on the Chinese city of Wuhan is giving global business chills. Thailand's central bank cut its benchmark interest rate to 1% from 1.25% on Wednesday to help the economy weather a series of setbacks, most lately the virus outbreak in China that has devastated its tourism sector. (AP Photo/Gemunu Amarasinghe, File)
February 06, 2020 - 2:51 am
BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China's neighbors seek ways to soften the impact of measures to contain a virus outbreak that has killed more than 560 people. The Philippine central bank cut its main policy rate on Thursday by...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 5, 2020. Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. (AP Photo/Ahn Young-joon)
February 05, 2020 - 2:36 am
TOKYO (AP) — European indexes were slipping in early trading Wednesday after Asian shares rose on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. France's CAC 40 slipped 0.3% to 5,916.83 in early trading, while Germany's DAX lost 0...
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February 05, 2020 - 12:33 am
CANBERRA, Australia (AP) — Australia's deadly wildfires will have no impact on the nation's economic growth this year but the impact of a new virus is still unknown, the head of the Australian central bank said on Wednesday. The wildfires have killed 33 people and destroyed more than 3,000 homes in...
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A worker wearing a protective suit stands in front of an electronic display board in the lobby of the Shanghai Stock Exchange building in Shanghai, Monday, Feb. 3, 2020. The Shanghai Composite index tumbled 8.7% Monday then rebounded slightly as Chinese regulators moved to stabilize markets reopening from a prolonged national holiday despite a rising death toll from a new virus that has spread to more than 20 countries. (AP Photo)
February 03, 2020 - 6:51 am
BANGKOK (AP) — China's main stock index tumbled nearly 8% Monday as the country's markets reopened and regulators sought to calm investors over the impact of a virus that has spread to more than 20 countries and killed more than 360 people. Other markets, including in Europe and Wall Street futures...
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