Banking and credit

President of European Central Bank Mario Draghi comes to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 25, 2019. (AP Photo/Michael Probst)
July 25, 2019 - 10:32 am
FRANKFURT, Germany (AP) — The European Central Bank joined the U.S Federal Reserve in making clear that more stimulus could be coming soon to support an economy weakening in the face of global trade tensions. The ECB left its key interest benchmarks unchanged at a policy meeting Thursday but said...
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A window cleaner waves as he takes a break from repelling down the side of a high-rise building in Istanbul, Monday, July 15, 2019. (AP Photo/Lefteris Pitarakis)
July 25, 2019 - 7:19 am
ANKARA, Turkey (AP) — Turkey's central bank has slashed the key interest deeply, by 4.25 percentage points, in a first monetary policy meeting under its new governor. The interest rate was cut Thursday to 19.75% from 24%. President Recep Tayyip Erdogan dismissed the previous governor, Murat...
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FILE - In this April 13, 2019, file photo, International Monetary Fund (IMF) managing director Christine Lagarde speaks during a news conference after the International Monetary and Financial Committee (IMFC) conference at the World Bank/IMF Spring Meetings in Washington, Lagarde said Tuesday, July 16, 2019, she will resign as managing director of the International Monetary Fund in light of her nomination to be the next president of the European Central Bank. (AP Photo/Jose Luis Magana, File)
July 25, 2019 - 5:19 am
FRANKFURT, Germany (AP) — The European Central Bank's governing council has signed off on the nomination of International Monetary Fund head Christine Lagarde as the next head of Europe's top monetary authority. The council on Thursday delivered its opinion, required under the appointment procedure...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 25, 2019. Asian shares have rallied after the S&P 500 and Nasdaq closed at record highs. South Korea’s Kospi sank early Thursday after North Korea launched two short range missiles into the sea. (AP Photo/Ahn Young-joon)
July 25, 2019 - 4:47 am
BANGKOK (AP) — World shares are mostly higher as investors watch for policy moves by the European Central Bank. The gains follow record high closes for the S&P 500 and Nasdaq overnight. South Korea's Kospi declined, however, after rival North Korea launched two short range missiles into the sea...
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FILE- In this July 17, 2018, file photo, a customer buys gas with a Visa credit card in Salem, N.H. Visa Inc. reports earnings Tuesday, July 23, 2019. (AP Photo/Elise Amendola, File)
July 23, 2019 - 6:02 pm
NEW YORK (AP) — Payment processor Visa Inc. said Tuesday that its fiscal third quarter profits rose by an adjusted 11% from a year earlier, as more consumers spent more on Visa credit and debit cards. The San Francisco-based company reported a profit of $3.10 billion, up from $2.33 billion last...
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FILE - In this Thursday, July 18, 2019, file photo trader Dennis Maguire works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 23. (AP Photo/Richard Drew, File)
July 23, 2019 - 12:50 pm
NEW YORK (AP) — U.S. stocks moved higher in midday trading Tuesday on Wall Street as several major companies reported solid second quarter earnings. Corporate earnings are now in full swing after last week's relatively light load of mixed results. Nearly 150 companies in the S&P 500 will report...
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FILE - In this Wednesday, June 19, 2019, file photo, a cargo ship is docked at the Port of Los Angeles, in Los Angeles. The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund is slightly boosting its forecast for U.S. economy in 2019, citing expectations that the Federal Reserve will cut interest rates. (AP Photo/Marcio Jose Sanchez, File)
July 23, 2019 - 10:56 am
WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund is boosting its forecast for U.S. economy this year, citing expectations that the Federal Reserve will cut interest...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, July 23, 2019. Asian stock markets rose on Tuesday on optimism over possible new U.S.-China talks despite rising Middle East tensions. (AP Photo/Koji Sasahara)
July 23, 2019 - 7:43 am
BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone...
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A special gong is prepared for the launch of the SSE STAR Market in the hall of Shanghai Securities Exchange in Shanghai, China, Monday, July 22, 2019. Trading started Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. (Chinatopix via AP)
July 22, 2019 - 5:07 am
TOKYO (AP) — Global shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. France's CAC 40 edged 0.2% higher to 5,562.84, while Germany's DAX also gained 0.2% to 12,291.87. Britain's FTSE 100...
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Trader Fred Reimer works on the floor of the New York Stock Exchange, Friday, July 19, 2019. U.S. stocks moved broadly higher in early trading on Wall Street Friday and chipped away at the week's losses. (AP Photo/Richard Drew)
July 19, 2019 - 12:34 pm
NEW YORK (AP) — U.S. stocks edged higher on Wall Street Friday, chipping away at the week's losses. Markets have been volatile throughout the week as investors assess the latest corporate earnings reports. Financial results have so far been mixed. The S&P 500 closed at a record high on Monday...
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