Financial crisis

FILE- In this Oct. 2, 2018, file photo trader Sal Suarino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 17. (AP Photo/Richard Drew, File)
October 17, 2018 - 4:40 pm
NEW YORK (AP) — After an early slide, U.S. stocks clawed back much of the ground they lost and ended slightly lower Wednesday. Banks climbed but retailers, homebuilders and smaller companies fell. Stocks slumped in morning trading as homebuilders and retailers took sharp losses after the Commerce...
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FILE- In this June 2, 2018 file photo, U.S. Treasury Secretary Steven Mnuchin speaks at a news conference during a meeting for the G7 Finance and Central Bank Governors in Whistler, British Columbia. Mnuchin says President Donald Trump respects the independence of the Federal Reserve and his recent comments were simply a reflection of the fact that he favors low interest rates. In a CNBC interview, Mnuchin said that Trump understands that the Fed is doing its job. Trump this week has blamed the market's big sell-off on the Fed's interest rate increases, saying "the Fed is out of control." (Jonathan Hayward/The Canadian Press via AP, File)
October 13, 2018 - 4:54 am
NUSA DUA, Indonesia (AP) — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in Bali, Indonesia, this week were overshadowed by a...
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From left to right, Managing Director of International Monetary Fund (IMF) Christine Lagarde, Finland's Finance Minister Petteri Orpo, and Indonesia's Finance Minister Sri Mulyani Indrawati pose for a group photo during the IMF and World Bank meetings in Bali, Indonesia on Saturday, Oct. 13, 2018. (AP Photo/Firdia Lisnawati)
October 13, 2018 - 3:54 am
NUSA DUA, Indonesia (AP) — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local): 3:55 p.m. The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in...
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Specialist Peter Mazza works on the floor of the New York Stock Exchange, Thursday, Oct. 11, 2018. Stocks are slumping for a second straight day as the market endures its most volatile stretch since February. (AP Photo/Richard Drew)
October 12, 2018 - 2:14 pm
Woah, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading. The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days and dragged the benchmark S&P 500 index down more than 5 percent. The VIX index, which...
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Indonesia's President Joko Widodo delivers his speech during the opening of International Monetary Fund (IMF) World Bank annual meetings in Bali, Indonesia on Friday, Oct. 12, 2018. (AP Photo/Firdia Lisnawati)
October 11, 2018 - 11:49 pm
NUSA DUA, Indonesia (AP) — Indonesian President Joko Widodo has taken aim at tensions between big economies like the U.S. and China, saying trade wars are an invitation to destruction. Widodo said sparring between big powers was causing turmoil in financial markets at a time when attention should...
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October 08, 2018 - 1:35 pm
ISLAMABAD (AP) — Pakistan says it will seek a bailout loan from the International Monetary Fund to address a mounting balance of payments crisis. Finance Minister Asad Umar said Monday he will hold talks with IMF officials later this month. Analysts say Pakistan hopes to secure $8 billion in loans...
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Britain's Prime Minister Theresa May and her husband Philip May arrive at the Conservative Party annual conference at the International Convention Centre, Birmingham, central England, Wednesday Oct. 3, 2018. (Aaron Chown/PA via AP)
October 03, 2018 - 8:03 am
BIRMINGHAM, England (AP) — The Latest on British Prime Minister Theresa May's speech at her party's annual conference (all times local): 1 p.m. British Prime Minister Theresa May says her Conservative government plans to scrap years of cost-cutting austerity policies introduced after the 2008...
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Federal Reserve Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics, Tuesday, Oct. 2, 2018, in Boston. (AP Photo/Elise Amendola)
October 02, 2018 - 2:49 pm
BOSTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank's current gradual approach to raising interest rates. Powell said the combination of steady, low inflation and very low unemployment shows the country is going through "extraordinary...
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FILE - In this June 26, 2018, file photo, General Electric Chairman & CEO John Flannery is interviewed on the floor of the New York Stock Exchange. Flannery out as chairman and CEO at General Electric after less than two years, Lawrence Culp Jr. takes over. After less than two years and a precipitous decline in the share price at General Electric, Flannery is being ousted as chairman and CEO. (AP Photo/Richard Drew, File)
October 01, 2018 - 5:43 pm
BOSTON (AP) — General Electric ousted its CEO, took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will take over immediately...
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President of the Democratic Republic of the Congo Joseph Kabila Kabange addresses the 73rd session of the United Nations General Assembly Tuesday, Sept. 25, 2018, at the United Nations headquarters. (AP Photo/Frank Franklin II)
September 25, 2018 - 11:21 pm
UNITED NATIONS (AP) — The latest on the United Nations General Assembly (all times local): 11:20 p.m. President Joseph Kabila of Congo is stressing that holding elections on Dec. 23 is "irreversible" and denouncing any interference in the electoral process from foreign governments. Kabila became...
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