Banking and credit

December 04, 2020 - 9:53 am
COPENHAGEN, Denmark (AP) — The deputy governor of Norway’s central bank is stepping down with immediate effect after he was not granted a new security clearance because he has ties to China via his wife. The move comes at at time when several Western governments are tightening security controls...
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FILE- In this Saturday, Nov. 28, 2020, file photo, customers browse while shopping for books at the Strand Bookstore, an independent family owned bookstore founded in 1927 in New York. A Federal Reserve survey of business conditions around the country found that economic activity in several regions was slowing in November as coronavirus cases surged. The report, released Wednesday, Dec. 2, 2020, and known as the beige book, will be used by Fed officials when they hold their last meeting of the year on Dec. 15-16 to discuss possible changes to the central bank's interest-rate policies.. (AP Photo/Mary Altaffer)
December 02, 2020 - 6:20 pm
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged. The Fed report released Wednesday said that overall, the Fed's 12 regional banks characterized the economic expansion...
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Federal Reserve Chairman Jerome Powell fist bumps Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)
December 02, 2020 - 1:59 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin urged Congress to approve COVID-19 relief funds without further delay, though Democrats continued to attack a decision by Mnuchin to allow five Fed lending programs to expire during the pandemic. In his...
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A cat sits next to a homeless woman sleeping on the Mediterranean Sea corniche in Beirut, Lebanon, Sunday, July 19, 2020. Lebanon should quickly form a reform-minded government to carry out badly needed reforms to help get the tiny country out of its severe economic crisis where the Real GDP growth is projected to contract nearly 20% in 2020 and a crash in local currency led to triple-digit inflation rates, the World Bank said Tuesday. (AP Photo/Hassan Ammar)
December 01, 2020 - 6:13 am
BEIRUT (AP) — Lebanon’s economy faces an “arduous and prolonged depression,” with real GPD projected to plunge by nearly 20% because its politicians refuse to implement reforms that would speed up the country’s recovery, the World Bank said Tuesday. It said Lebanon should quickly form a reform-...
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November 30, 2020 - 4:40 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says that the pace of improvement in the economy has moderated in recent months with future prospects remaining “extraordinarily uncertain.” In remarks released by the Fed on Monday, Powell said that the increase in new COVID-19 cases both in...
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Protesters march during a demonstration against a security law that would restrict sharing images of police, Saturday, Nov. 28, 2020 in Paris. Civil liberties groups and journalists are concerned that the measure will stymie press freedoms and allow police brutality to go undiscovered and unpunished. The cause has gained fresh impetus in recent days after footage emerged of French police officers beating up a Black man, triggering a nationwide outcry. (AP Photo/Francois Mori)
November 28, 2020 - 1:34 pm
PARIS (AP) — Tens of thousands of critics of a proposed security law that would restrict the filming of police officers protested across France on Saturday, and officers in Paris who were advised to behave responsibly during the demonstrations repeatedly fired tear gas to disperse rowdy protesters...
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A home for sale with a "Sold" sign attached is viewed Monday, Oct. 12, 2020, in Miami Beach, Fla. U.S. long-term mortgage rates remained at record lows this week as the coronavirus pandemic continues to threaten the economy. (AP Photo/Wilfredo Lee)
November 25, 2020 - 5:33 pm
WASHINGTON (AP) — U.S. long-term mortgage rates remained at record lows this week as the coronavirus pandemic continues to threaten the economy. Mortgage finance giant Freddie Mac reported Wednesday that the average rate on the 30-year fixed-rate home loan was unchanged this week from a record low...
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FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. The Fed on Wednesday, Nov. 25, released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances could shift to warrant such adjustments.” (Drew Angerer/Pool via AP, file)
November 25, 2020 - 3:55 pm
WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no...
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/// A protester wearing a headgear designed as a yellow duck, which has become a good-humored symbol of resistance during anti-government rallies, sits in front of police standing guard outside the Siam Commercial Bank Wednesday, Nov. 25, 2020 in Bangkok, Thailand. Thai authorities have escalated their legal battle against the students leading pro-democracy protests, charging 12 of them with violating a harsh law against defaming the monarchy. (AP Photo/Wason Wanichakorn)
November 25, 2020 - 6:21 am
BANGKOK (AP) — Pro-democracy demonstrators in Thailand on Wednesday again took to the streets of the capital, even as the government escalated its legal battle against them, reviving the use of a harsh law against defaming the monarchy. On Tuesday, police had issued summonses for 12 protest leaders...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 24, 2020 - 12:01 am
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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