Financial crisis

Trader Michael Capolino works on the floor of the New York Stock Exchange, Thursday, Oct. 11, 2018. The market's recent decline was set off by a sharp drop in bond prices and a corresponding increase in yields last week and early this week. (AP Photo/Richard Drew)
October 11, 2018 - 4:09 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are slumping for a second straight day as the market endures its most volatile stretch since February. The Dow Jones industrials fell 545 points, or 2.1 percent, to 25,052.83 and the benchmark S&...
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Conservative Party Leader and Prime Minister Theresa May addresses delegates during a speech at the Conservative Party Conference at the ICC, in Birmingham, England, Wednesday, Oct. 3 , 2018. (AP Photo/Rui Vieira)
October 03, 2018 - 10:39 am
BIRMINGHAM, England (AP) — British Prime Minister Theresa May battled to unite her Conservative Party on Wednesday, telling critics to abandon their dreams of a "perfect" Brexit and "come together" as divorce negotiations with the European Union enter their tough final phase. May took on her...
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Federal Reserve Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics, Tuesday, Oct. 2, 2018, in Boston. (AP Photo/Elise Amendola)
October 02, 2018 - 5:05 pm
BOSTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank's current gradual approach to raising interest rates. Powell said the combination of steady, low inflation and very low unemployment shows the country is going through "extraordinary...
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FILE - In this June 26, 2018, file photo, General Electric Chairman & CEO John Flannery is interviewed on the floor of the New York Stock Exchange. Flannery out as chairman and CEO at General Electric after less than two years, Lawrence Culp Jr. takes over. After less than two years and a precipitous decline in the share price at General Electric, Flannery is being ousted as chairman and CEO. (AP Photo/Richard Drew, File)
October 01, 2018 - 3:21 pm
BOSTON (AP) — General Electric ousted its CEO, took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will take over immediately...
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Head of the UN agency for Palestinian refugees, Pierre Krahenbuhl, left, speaks with a reporter during an interview with AP on Thursday, Sept. 27, 2018, in New York. (AP Photo/Andres Kudacki)
September 27, 2018 - 8:46 pm
UNITED NATIONS (AP) — Facing a financial crisis after the United States cut funding, the head of the U.N. agency that helps 5.3 million Palestinian refugees says the problem of their well-being will continue to exist whether there's money or not — and especially if it was forced to shut down. While...
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FILE - In this Dec. 30, 2016 file photo, then Argentina's Finance Minister Luis Caputo attends a news conference at Casa Rosada presidential palace in Buenos Aires, Argentina. Caputo, Argentina's central bank chief resignation since June 2018, resigned Tuesday, Sept. 25, 2018, amid negotiations with the International Monetary Fund. He cites personal reasons for stepping down. (AP Photo/Victor R. Caivano, File)
September 25, 2018 - 9:20 pm
BUENOS AIRES, Argentina (AP) — Argentina's central bank chief resigned Tuesday amid negotiations with the International Monetary Fund. The surprise resignation of Luis Caputo was announced in a bank statement that said he was leaving for personal reasons. But it came as the government was pushing...
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South Korean President Moon Jae-In is escorted by United Nations Secretary-General Antonio Guterres after a photo opportunity Monday, Sept. 24, 2018, at U.N. headquarters. (AP Photo/Craig Ruttle)
September 25, 2018 - 4:52 pm
UNITED NATIONS (AP) — The latest on the United Nations General Assembly (all times local): 4:50 p.m. South Korean President Moon Jae-in says the current round of nuclear diplomacy with North Korea is "completely different" than the many failed deals that have frustrated past negotiators. Moon is...
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September 13, 2018 - 1:04 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union's debt crisis. The bank's 25-member governing council...
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Argentina's Treasury Minister Nicolas Dujovne speaks during a news conference after the private meeting with International Monetary Fund (IMF) Managing Director Christine Lagarde, at IMF headquarters in Washington, Wednesday, Sept. 5, 2018. (AP Photo/Jose Luis Magana)
September 05, 2018 - 4:27 pm
BUENOS AIRES, Argentina (AP) — Argentina's economy minister says the government is not seeking other sources of financing outside the International Monetary Fund for help in curbing an economic crisis. Argentina has asked the IMF for early disbursements in emergency funding from a $50 billion loan...
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September 03, 2018 - 9:31 am
BUENOS AIRES, Argentina (AP) — Argentina's President Mauricio Macri has announced a withholding tax on exports and the elimination of several ministries amid economic turmoil that has sent the peso to record lows. Macri said in a televised statement Monday that he will also allocate more economic...
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