Financial crisis

August 17, 2018 - 10:46 pm
CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement...
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People walk past a currency exchange shop in Istanbul, Friday, Aug. 17, 2018. Turkey's lira currency fell once again, as Turkey and the United States exchanged new threats of sanctions Friday, keeping alive a diplomatic and financial crisis. (AP Photo/Lefteris Pitarakis)
August 17, 2018 - 6:58 pm
ANKARA, Turkey (AP) — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties...
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FILE - In this Jan. 23, 2018 file photo, Venezuelan citizens stand in a line outside of Foreign Ministry office in Lima, Peru. Peru announced on Friday, Aug. 17, that all Venezuelan citizens that want to travel to Peru will need a passport to do so. (AP Photo/Martin Mejia, File)
August 17, 2018 - 6:24 pm
LIMA, Peru (AP) — Two South American nations are stiffening entry requirements for the flood of Venezuelans fleeing their nation's economic and humanitarian crisis, a move that could make their plight even more arduous. Authorities in Peru announced Friday that they will follow Ecuador's recent...
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People wait at a currency exchange shop in Istanbul, Wednesday, Aug. 15, 2018. The Turkish lira has nosedived in value in the past week, but some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States. (AP Photo/Lefteris Pitarakis)
August 15, 2018 - 2:13 pm
ISTANBUL (AP) — Some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States — an indication that they are ready to endure economic pain and risk further deterioration in a key, yet troubled alliance dating from the Cold War...
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August 14, 2018 - 3:29 pm
Royal Bank of Scotland will pay a $4.9 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis. The Justice Department said in a statement Tuesday that the penalty is the largest it...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Aug. 14, 2018. Most Asian stock markets rose Tuesday after Wall Street declined as Turkey’s central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. (AP Photo/Yam G-Jun)
August 14, 2018 - 8:16 am
BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries. KEEPING SCORE: Germany's DAX rose 0.2 percent to 12,376 and France's CAC 40 was up less than 0.1 percent to 5,414 after economic growth figures...
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August 14, 2018 - 7:08 am
NEW DELHI (AP) — The Indian rupee has fallen to an all-time low against the U.S. dollar amid worries over Turkey's growing financial crisis. Indian Economic Affairs Secretary Subhash Chander Garg told reporters that there was "nothing at this stage to worry" about after the rupee reached 70.1 to...
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Turkey's President Recep Tayyip Erdogan, gestures as he delivers a speech to Turkish ambassadors at the Presidential Palace in Turkey, Monday, Aug. 13, 2018. Erdogan says his country is under an economic "siege" that has nothing to do with its economic indicators. He insisted that Turkey's economic dynamic remain strong and said the Turkish currency would soon settle "at the most reasonable level." (Pool Photo via AP)
August 14, 2018 - 6:41 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 1:40 p.m. The lawyer representing an American pastor held in Turkey has renewed an appeal for his release from house arrest. State-run Anadolu Agency says the lawyer on Tuesday also appealed to a court to lift a travel...
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People walk in a market in Istanbul, Monday, Aug. 13, 2018. Turkey's central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis. The Turkish lira has nosedived over the past week and tumbled another 7 percent on Monday as the central bank's measures failed to restore investor confidence. (AP Photo/Mucahid Yapici)
August 14, 2018 - 4:45 am
ANKARA, Turkey (AP) — The Turkish currency has stabilized near record lows as investors gauge the government's next move to avoid a full-blown financial crisis. The Turkish lira has been hit by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Aug. 14, 2018. Most Asian stock markets rose Tuesday after Wall Street declined as Turkey’s central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. (AP Photo/Yam G-Jun)
August 14, 2018 - 12:25 am
BEIJING (AP) — Most Asian stock markets were mixed Tuesday after Wall Street declined as Turkey's central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. KEEPING SCORE: The Shanghai Composite Index fell 0.5 percent to 2,771.81 and Hong Kong's Hang...
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