Financial crisis

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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August 31, 2018 - 6:32 am
LONDON (AP) — Unemployment across the 19-country eurozone has fallen to its lowest level since the most acute phase of the global financial crisis a decade ago. Eurostat, the European Union's statistics agency, revealed Friday that the unemployment rate in July was 8.2 percent. That was unchanged...
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Iranian President Hassan Rouhani speaks in a session of the parliament while answering questions of lawmakers, in Tehran, Iran, Tuesday, Aug. 28, 2018. Rouhani failed to convince parliament on Tuesday that his plans will pull the country out of an economic nosedive worsened by America's withdrawal from the nuclear deal, further isolating his relatively moderate administration amid nationwide anger. (AP Photo/Vahid Salemi)
August 28, 2018 - 9:01 am
TEHRAN, Iran (AP) — Iranian President Hassan Rouhani failed to convince parliament on Tuesday that his plans will pull the country out of an economic nosedive worsened by America's withdrawal from the nuclear deal, further isolating his relatively moderate administration amid nationwide anger. For...
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Venezuelan migrants wait outside their country’s embassy for a bus that will transport them to the airport, in Lima, Peru, Monday, Aug. 27, 2018. The Venezuelans are being flown to Caracas on a flight financed by the government of President Nicolas Maduro. (AP Photo/Martin Mejia)
August 27, 2018 - 8:06 pm
LIMA, Peru (AP) — Nearly one hundred Venezuelan migrants in Peru are making an unexpected journey home after deciding to take up their government's offer of a free flight back instead of continuing to eke out a living in a foreign land. With packed suitcases in hand, the migrants boarded an all-...
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A group of Venezuelan migrants sleep on a sidewalk at a border crossing into Peru, before the deadline on new regulations that demand passports from migrants, in Tumbes, Peru, Friday, Aug. 24, 2018. Peru is stiffening its entry requirements for Venezuelan migrants beginning, Aug. 25, following the path of other South American nations receiving large numbers of Venezuelans fleeing their country's economic and human crisis, migrants will be required to enter with a passport. (AP Photo/Martin Mejia)
August 24, 2018 - 7:53 pm
AGUAS VERDES, Peru (AP) — Thousands of Venezuelans fleeing their nation's economic and humanitarian crisis rushed to reach Peru on Friday before stiffer new rules go into effect that will make entering the fellow South American nation more difficult. Tired men, women and children, many lugging...
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Esther George, left, President and CEO of the Federal Reserve Bank of Kansas City, John Williams, center, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 24, 2018 in Jackson Hole, Wyo. Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. (AP Photo/Jonathan Crosby)
August 24, 2018 - 4:19 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target rate, it doesn't seem...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs at Capitol Hill in Washington. Powell gives the keynote address Friday, Aug. 24, at an annual conference of central bankers in Jackson Hole, Wyo. (AP Photo/Jose Luis Magana, File)
August 24, 2018 - 6:32 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell will not lack for urgent topics to address when he gives the keynote speech Friday to an annual gathering of global central bankers in Jackson Hole, Wyoming. Fed watchers will be listening for anything Powell has to say about financial...
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FILE - In this Thursday, May 24, 2018 file photo, President of the European Central Bank Mario Draghi arrives for an eurogroup meeting at the Europa building in Brussels. A German news media report has stirred new speculation about who will succeed Mario Draghi as head of the European Central Bank, one of the globe’s most powerful economic policy jobs. The Handelsblatt business publication citing government sources reported Thursday, Aug. 23, 2018 that Chancellor Angela Merkel is willing to drop plans to push for Jens Weidmann, the head of Germany’s national central bank, the Bundesbank. (AP Photo/Geert Vanden Wijngaert, file)
August 23, 2018 - 11:11 am
FRANKFURT, Germany (AP) — European Central Bank policymakers view slower-than-expected growth as a temporary hiccup and believe that the 19-country eurozone's upswing remains solid amid strengthening wage growth, the group said in a note released Thursday. The written account of the bank's July 26...
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An abandoned, unfinished skyscraper known as "The Tower of David" shows an inclination on the top floors where the columns are exposed, top center, after a powerful earthquake shook eastern Venezuela, causing buildings to be evacuated in the capital of Caracas, Venezuela, Tuesday, Aug. 21, 2018. The quake was felt as far away as Colombia's capital and in the Venezuelan capital office workers evacuated buildings and people fled homes. (AP Photo/Ariana Cubillos)
August 22, 2018 - 8:00 am
CARACAS, Venezuela (AP) — A powerful earthquake shook Venezuela's northeastern coast and parts of the Caribbean, knocking out power, breaking windows and toppling store shelves, but it apparently caused little major damage due to its depth. No deaths were reported. The magnitude 7.3 quake Tuesday...
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A man falls asleep while sitting on a bench, in Caracas, Venezuela, Monday, Aug. 20, 2018. Venezuelans are bracing for dramatic economic measures the government has announced, including a more-than-3,000 percent hike in the minimum wage. The changes start to take effect Monday with introduction of a new currency that lops five zeros off the country's fast-depreciating bills. (AP Photo/Ariana Cubillos)
August 20, 2018 - 5:25 pm
CARACAS, Venezuela (AP) — Saul Jimenez just wanted to buy bread from his neighborhood bakery in Venezuela's capital on Monday. It did not go well. Banks and most other businesses were closed for the day as Venezuela launched a series of dramatic economic reforms, beginning with the release of a...
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