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President Donald Trump congratulates David Malpass, under secretary of the Treasury for international affairs, after announcing his nomination to head the World Bank, during an event in the Rosevelt Room of the White House, Wednesday, Feb. 6, 2019, in Washington. (AP Photo/ Evan Vucci)
February 06, 2019 - 2:38 pm
WASHINGTON (AP) — President Donald Trump on Wednesday introduced David Malpass, a Treasury official he has nominated to lead the World Bank, as the "right person to take on this incredibly important job." Malpass, who is now Trump's undersecretary for international affairs at the Treasury...
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FILE - In this 2007 file photo, David Malpass, then the Chief Economist at Bear, Stearns & Co. Inc., speaks at the Council on Foreign Relations in New York. President Donald Trump plans to nominate Malpass, an administration critic of the World Bank, to be the institution’s next leader. (AP Photo/Mark Lennihan)
February 05, 2019 - 7:24 am
WASHINGTON (AP) — President Donald Trump plans to nominate David Malpass, a Trump administration critic of the World Bank, to lead the institution. That's according to a senior administration official who spoke on condition of anonymity because the official wasn't authorized to comment publicly on...
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Opposition leader Juan Guaido speaks to supporters at a public plaza in Caracas, Venezuela, Friday, Jan. 25, 2019. Guaido declared himself interim president on Wednesday. (AP Photo/Fernando Llano)
January 25, 2019 - 10:24 pm
CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 12:10 a.m. The Inter-American Commission on Human Rights is granting precautionary measures to protect Venezuelan opposition leader Juan Guaido and his family. The human rights body of the Organization of...
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FILE- In this Jan. 18, 2019, file photo specialist Anthony Rinaldi, left, and trader Robert Gasparino work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Jan. 22. (AP Photo/Richard Drew, File)
January 22, 2019 - 3:44 pm
NEW YORK (AP) — Stocks fell sharply Tuesday following new signs the global economy is weakening and reports of difficulties in trade talks between the U.S. and China. That broke a four-day winning streak for U.S. indexes. Major global indexes traded lower after the International Monetary Fund...
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A man checks stock prices through his smartphone at a brokerage house in Beijing, Tuesday, Jan. 22, 2019. Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. This came after China said its economy grew at the slowest pace in 30 years. (AP Photo/Andy Wong)
January 22, 2019 - 4:53 am
SINGAPORE (AP) — World markets retreated Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in nearly 30 years in the last quarter of 2018. KEEPING SCORE: Germany's DAX gave up 0.2...
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FILE - In this Jan. 18, 2019, file photo, a woman reads a newspaper at a brokerage house in Beijing. Shares rose in Shanghai and Hong Kong on Monday, Jan. 21, 2019, as China reported that its growth fell to a three-decade low of 6.6 percent in 2018. The weaker data released Monday raised hopes for additional moves to shore up support for lagging business activity, though benchmarks fell back slightly from stronger gains just after markets opened. (AP Photo/Andy Wong, File)
January 21, 2019 - 9:47 pm
SINGAPORE (AP) — Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was closed for a holiday on...
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International Monetary Fund Managing Director Christine Lagarde briefs the media during a news conference at the annual meeting of the World Economic Forum, WEF, in Davos, Monday, Jan. 21, 2019. (AP Photo/Markus Schreiber)
January 21, 2019 - 10:14 am
DAVOS, Switzerland (AP) — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to 3.5...
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FILE- In this June 26, 2018, file photo Chinese workers take a break outside a construction site wall depicting the skyscrapers in the Chinese capital at the Central Business District in Beijing. The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. (AP Photo/Andy Wong, File)
January 08, 2019 - 3:38 pm
WASHINGTON (AP) — The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled "Darkening Skies," the anti-poverty agency said Tuesday that it...
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A Pakistani money changer counts US dollar bills in Islamabad, Pakistan, Friday, Nov. 30, 2018. Pakistan's currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund. The Pakistani rupee was trading at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business the previous day. (AP Photo/B.K. Bangash)
November 30, 2018 - 6:27 am
ISLAMABAD (AP) — Pakistan's currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund. The Pakistani rupee traded at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business...
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Italian Economy Minister Giovanni Tria listens to reporters' questions during a joint press conference with Portuguese Finance Minister and head of the Eurogroup Mario Centeno, in Rome, Friday, Nov. 9, 2018. Tria told lawmakers Friday that Italy will stick to its 2019 budget plan, despite EU officials' concerns about a big increase in spending. (AP Photo/Andrew Medichini)
November 13, 2018 - 10:15 am
MILAN (AP) — The International Monetary Fund has warned the Italian government that its plan to sharply increase spending carries "substantial" risks and would leave the country vulnerable to market turmoil. Hours before the Italian populist government faced a deadline to submit a revised budget...
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