Financial crisis

January 16, 2019 - 11:40 am
SAN JUAN, Puerto Rico (AP) — A court hearing on a major restructuring of Puerto Rico's massive debt opened on Wednesday, with protesters warning the deal would further indebt the U.S. territory and supporters arguing it would secure funds that the government urgently needs. The hearing involves...
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January 15, 2019 - 4:30 pm
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico's finances is asking a court to invalidate more than $6 billion worth of debt issued by the U.S. territory, a move that would hit bondholders. The board said late Monday the debt includes all general obligation bonds...
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January 15, 2019 - 4:52 am
MOSCOW (AP) — The president of Zimbabwe, whose country is facing its worst economic crisis in a decade, is visiting Russia in hopes of securing long-term loans. President Emmerson Mnangagwa is meeting Russian President Vladimir Putin on Tuesday amid turmoil in Zimbabwe caused by the severe economic...
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January 14, 2019 - 11:39 pm
BEIJING (AP) — Senior Chinese economic officials say they will slash taxes, step up spending and help resolve financing problems of private and small enterprise to help counter the country's worst slowdown since the global financial crisis. The officials said Tuesday that Beijing will keep its...
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A woman with a wounded leg during clashes between protestors and police, is transported in a wheelbarrow, during protests over fuel hikes in Harare, Zimbabwe, Monday, Jan. 14, 2019. Zimbabwean police on Monday fired tear gas in suburbs of the capital an attempt to disperse angry demonstrators who burned tires and threw stones to protest fuel price hikes. (AP Photo/Tsvangirayi Mukwazhi)
January 14, 2019 - 11:10 am
HARARE, Zimbabwe (AP) — Zimbabwean soldiers on Monday deployed in some urban areas where police clashed with protesters over fuel hikes, deepening the sense of crisis in a country whose economy is rapidly deteriorating. At least 13 people were injured by gunfire and 12 were arrested, human rights...
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In this Jan. 10, 2019, photo released by Xinhua News Agency, a worker checks on a soybean food at a processing factory in Xiaotun Township of Dafang County in Bijie, southwest China's Guizhou Province. China's trade growth slowed in 2018 as a tariff battle with Washington heated up and global consumer demand weakened. Exports rose 7.1 percent, customs data showed Monday, Jan. 14, 2019 down from the 7.9 percent reported earlier for 2017. Import growth declined to 12.9 percent from the previous year's 15.9 percent. (Luo Dafu/Xinhua via AP)
January 14, 2019 - 11:04 am
BEIJING (AP) — China's 2018 trade surplus with the United States surged to a record $323.3 billion, but exports contracted in December as the delayed impact of President Donald Trump's tariff hikes started to hurt demand. Exports to the United States in 2018 rose 11.3 percent to $478.4 billion...
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FILE - In this July, 18, 2013, file photo Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing, and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington. Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released Friday, Jan. 11, 2019, show that then-Federal Reserve Chairman Bernanke and his colleagues devoted considerable time debating the wording of the statement. (AP Photo/Manuel Balce Ceneta, File)
January 11, 2019 - 4:42 pm
WASHINGTON (AP) — Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released...
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Venezuela's President Nicolas Maduro makes a victory sign during his swearing-in ceremony at the Supreme Court in Caracas, Venezuela, Thursday, Jan. 10, 2019. Maduro was sworn in to a second term amid international calls for him to step down and a devastating economic crisis. (AP Photo/Ariana Cubillos)
January 10, 2019 - 6:14 pm
CARACAS, Venezuela (AP) — President Nicolas Maduro celebrated the start to a second term as Venezuela's leader Thursday, but his world got smaller as countries seized upon the inauguration to cut back diplomatic ties, reject his legitimacy and label him a dictator. Once among Latin America's...
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In this picture taken Aug.7, 2018 containers are located at the container terminal Tollerort in the port of Hamburg, Germany. (Axel Heimken/dpa via AP)
January 09, 2019 - 6:55 am
LONDON (AP) — Unemployment across the 19-country eurozone fell in November to a decade-low rate, official figures showed Wednesday, but worries over the economic outlook have stoked concerns it may not fall much lower, if at all. Eurostat, the European Union's statistics agency, said a 90,000...
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January 09, 2019 - 3:44 am
JOHANNESBURG (AP) — A former Mozambican finance minister is trying to avoid being extradited from South Africa to the United States over a $2 billion loan scandal that plunged Mozambique into financial crisis. Manuel Chang was in a South African court on Wednesday as his lawyer argued that proper...
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