Financial crisis

FILE - In this Dec. 23, 2013, file photo, former Argentine President Fernando de la Rua, center, walks outside Argentina's Federal Court in Buenos Aires, Argentina. Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday, July 9, 2019. He was 81. (AP Photo/Victor R. Caivano, File)
July 09, 2019 - 11:26 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left as the country plunged into its worst economic crisis, died Tuesday at age 81. President Mauricio Macri sent a tweet expressing regrets at the...
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New Finance Minister Christos Staikouras, left, speaks as outgoing Finance Minister Euclid Tsakalotos is seen during a handover ceremony in Athens, Tuesday, July 9, 2019. Greece's new Cabinet was sworn in Tuesday, two days after conservative party leader Kyriakos Mitsotakis won early elections on pledges to make the country more business-friendly, cut taxes and negotiate an easing of draconian budget conditions agreed as part of the country's rescue program. (AP Photo/Thanassis Stavrakis)
July 09, 2019 - 11:25 am
ATHENS, Greece (AP) — Greece's new government will press ahead with tax cuts for households and businesses despite skepticism from creditors, the country's finance minister said Tuesday after he and his Cabinet colleagues were sworn in. Christos Staikouras' comments during a handover ceremony at...
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FILE - In this May 1, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. Powell says the Fed's annual stress tests of the nation's largest banks will need to evolve to keep pace with a changing financial system. (AP Photo/Patrick Semansky, File)
July 09, 2019 - 9:50 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the Fed's annual stress tests of the nation's largest banks will need to evolve to keep pace with a changing financial system. Powell called the tests, which determine whether a bank could survive a severe economic downturn...
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July 09, 2019 - 8:02 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, has died. He was 81. The death was confirmed by the Argentine government. President Mauricio...
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Greece's newly-elected prime minister Kyriakos Mitsotakis, waves as he walks shortly after his swearing-in ceremony at the Presidential Palace in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 1:04 pm
ATHENS, Greece (AP) — The Latest on Greece's election of a new government (all times local): 7:45 p.m. Greece's new conservative prime minister has announced the members of his Cabinet less than a day after his party won a general election. Prime Minister Kyriakos Mitsotakis named Christos...
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A man walks past the Deutsche Bank sign in London, Monday, July, 8, 2019. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022, saying it is going “back to our roots” with a radical restructuring plan meant to focus the company on traditional strengths.(AP Photo/Natasha Livingstone)
July 08, 2019 - 12:25 pm
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
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Greece's newly-elected prime minister Kyriakos Mitsotakis, background, looks on as outgoing prime minister Alexis Tsipras, leaves the Maximos Mansion in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 10:59 am
ATHENS, Greece (AP) — Conservative party leader Kyriakos Mitsotakis was sworn in as Greece's new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis, 51, was elected on...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters after win in parliamentary elections at the New Democracy headquarters in Athens, on Sunday, July 7, 2019. Official results from nearly 60% of ballots counted showed the conservative New Democracy party of Kyriakos Mitsotakis winning comfortably with 39.7% compared to Tsipras' Syriza party with 31.5%. (AP Photo/Petros Giannakouris)
July 07, 2019 - 7:47 pm
ATHENS, Greece (AP) — Conservative opposition leader Kyriakos Mitsotakis comfortably won Greece's parliamentary elections Sunday, delivering a stinging blow to leftist Prime Minister Alexis Tsipras after a tumultuous four years in office as the country struggled through a crippling financial crisis...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters outside of a polling station in Athens, on Sunday, July 7, 2019. Greeks are voting in the first parliamentary election since their country emerged from three successive international bailouts but is still struggling to emerge from a crippling nearly decade-long financial crisis. (AP Photo/Thanassis Stavrakis)
July 07, 2019 - 1:48 pm
ATHENS, Greece (AP) — The Latest on Greece's parliamentary election (all times local): 8:25 p.m. Greek Finance Minister Euclid Tsakalotos says the conservative opposition New Democracy party won a general election. Tsakalotos spoke after exit polls for Sunday's election showed the governing left-...
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July 06, 2019 - 5:18 am
ISTANBUL (AP) — Turkey's president has fired the central bank governor amid the country's economic downturn. Murat Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday. President Recep Tayyip Erdogan has the authority to make such appointments,...
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