Banking and credit

Mario Draghi, President of the European Central Bank, ECB, attends a press conference in the ECB headquarter in Frankfurt, Germany, Thursday, Jan. 25, 2018. (Arne Dedert/dpa via AP)
January 25, 2018 - 11:28 am
FRANKFURT, Germany (AP) — Europe's top economic official has cautioned the U.S. and Treasury Secretary Steven Mnuchin about talking down the dollar's exchange rate, which helps U.S. exporters but could make life harder for Europe and other trade partners. European Central Bank President Mario...
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Eurogroup President and Portugal's Finance Minister Mario Centeno, left and European Central Bank President Mario Draghi arrive for an Eurogroup finance ministers meeting at the EU Council in Brussels on Monday, Jan. 22, 2018. (AP Photo/Geert Vanden Wijngaert)
January 25, 2018 - 8:52 am
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 2:55 p.m. European Central Bank head Mario Draghi says the eurozone economy still needs support to keep raising the rate of inflation toward healthier levels. Draghi said Thursday that "an...
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FILE - In this Tuesday, Nov. 28, 2017, file photo, Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve, testifies during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington. On Wednesday, Jan. 17, 2018, the Senate Banking Committee voted for a second time to approve Powell to be the next chairman of the Federal Reserve. (AP Photo/Carolyn Kaster, File)
January 23, 2018 - 5:51 pm
WASHINGTON (AP) — The Senate has approved President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month. Senators voted 85-12 to confirm Powell to lead the nation's central bank, a post that is considered the most powerful economic position...
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January 22, 2018 - 9:00 am
WASHINGTON (AP) — The International Monetary Fund is upgrading the outlook for the world economy, noting surprisingly strong growth in Europe and Asia and predicting that U.S. tax cuts will give the American economy a short-term boost. The IMF on Monday forecast global growth of 3.7 percent for...
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Trinh Xuan Thanh, center, is led to a court room by police in Hanoi, Vietnam, Monday, Jan. 22, 2018. The former oil executive was sentenced to life in prison on charges of embezzlement and mismanagement at the end of the two-weeks trial that also involves 21 others including former Politburo Dinh La Thang. Germany accused Vietnam of kidnapping Thanh from a Berlin park in July, the charge Vietnam denied saying Thanh turned himself in to police voluntarily. (Doan Tan/ Vietnam News Agency via AP)
January 22, 2018 - 7:27 am
HANOI, Vietnam (AP) — A former oil executive was sentenced to life in prison and a former high-ranking Vietnamese government official received a lengthy prison term Monday at the end of a major corruption trial. The 22 defendants in the case were mostly current or former executives at PetroVietnam...
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January 17, 2018 - 11:00 am
WASHINGTON (AP) — The Senate Banking Committee has voted for a second time to approve President Donald Trump's nomination of Jerome Powell to be the next chairman of the Federal Reserve. The approval Wednesday was by voice vote with Sen. Elizabeth Warren, D-Massachusetts, asking to be recorded as...
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FILE - In this Nov. 14, 2015 file photo, women display paper currency after receiving cash support from UNICEF, in Sanaa, Yemen. Saudi Arabia's King Salman has ordered the transfer of $2 billion to Yemen, a day after the war-torn country's Saudi-backed prime minister called on the kingdom and its allies to save the local currency from "complete collapse." Saudi Arabia said in a statement on Wednesday, Jan. 17, 2018, that funds would be deposited in Yemen's Central Bank to help address the "deteriorating economic situation faced by the Yemeni people." (AP Photo/Hani Mohammed, File)
January 17, 2018 - 6:13 am
RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Salman ordered the transfer of $2 billion to Yemen on Wednesday, a day after Yemen's Saudi-backed prime minister made an urgent appeal on the kingdom and its allies to save the local currency from "complete collapse." Prime Minister Ahmed Obeid bin...
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FILE - This Wednesday, Aug. 17, 2016, file photo, shows a Chase bank branch in North Miami Beach, Fla. JPMorgan Chase & Co. reports earnings, Friday, Jan. 12, 2018. (AP Photo/Wilfredo Lee, File)
January 12, 2018 - 3:55 pm
NEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. The comments came as the two companies reported their...
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January 11, 2018 - 8:39 am
FRANKFURT, Germany (AP) — Top officials at the European Central Bank may revise their outlook for their massive monetary stimulus program at the start of this year, according to an account of their last meeting. The report published Thursday showed the officials remained wary at their Dec. 14...
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January 05, 2018 - 5:01 am
BRUSSELS (AP) — Official figures show inflation across the 19-country eurozone dipping modestly in December largely because of a moderation in the growth of energy price rises. Eurostat, the European Union's statistics agency, said Friday that consumer prices across the eurozone were 1.4 percent...
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