Financial crisis

December 19, 2018 - 3:01 pm
NEW YORK (AP) — The Consumer Financial Protection Bureau has decided to abandon a controversial renaming plan, in one of the first big decisions by its new permanent director. The CFPB no longer wants to call itself the "Bureau of Consumer Financial Protection," a change that had been sought by...
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Chinese President Xi Jinping applauds during a conference to commemorate the 40th anniversary of China's Reform and Opening Up policy at the Great Hall of the People in Beijing, Tuesday, Dec. 18, 2018. (AP Photo/Mark Schiefelbein)
December 18, 2018 - 3:13 am
BEIJING (AP) — China will never pursue hegemony, President Xi Jinping said Tuesday as global concerns persist over the country's growing economic influence. During a speech to mark 40 years of market reforms, Xi repeated China's commitment to a multilateral trading system and further opening of its...
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FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, particularly by companies with relatively weak finances. (AP Photo/Mark Lennihan, File)
December 14, 2018 - 12:36 pm
NEW YORK (AP) — Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back...
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Journalists talk in El Nacional's newsroom, Venezuela's last nationally circulated, opposition newspaper, in Caracas, Venezuela, Thursday, Dec. 13, 2018. The newspaper will stop publishing its print edition amid unrelenting government pressure and paper shortages, editors said Thursday. Their final edition will run Friday after 75 years in print. It will become an exclusively online publication. (AP Photo/Fernando Llano)
December 13, 2018 - 4:42 pm
CARACAS, Venezuela (AP) — Venezuela's last nationally circulated, anti-government newspaper will stop publishing its print edition amid unrelenting government pressure and paper shortages, editors said Thursday. El Nacional's final edition will run Friday after 75 years in print. It will become an...
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In this Dec. 11, 2018 photo the European Central Bank sits next to the river Main in Frankfurt, Germany, where ECB president Mario Draghi will hold a news conference on Thursday, Dec. 13, 2018. (AP Photo/Michael Probst)
December 13, 2018 - 8:41 am
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 2:40 p.m. The European Central Bank has lowered its economic growth projections for this year and next year. The bank said Thursday it was lowering the outlook for the eurozone economy...
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In this Dec. 11, 2018 photo the European Central Bank sits next to the river Main in Frankfurt, Germany, where ECB president Mario Draghi will hold a news conference on Thursday, Dec. 13, 2018. (AP Photo/Michael Probst)
December 13, 2018 - 6:25 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to halt the stimulus program that it deployed nearly four years ago to nurture a teetering eurozone economy back to health. Analysts say the bank is likely to confirm Thursday its plan to stop the program's monthly bond purchases at...
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December 08, 2018 - 2:36 am
BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 billion, a marked decline from the previous month's 12.6 percent increase, customs data showed...
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FILE - In this Jan. 30, 2018 file photo, a job applicant talks with company representatives at a JobNewsUSA job fair in Miami Lakes, Fla. Jobs report on Friday, Dec. 7, for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week’s frantic financial market gyrations, which have been driven by concerns that the U.S.-China trade war could escalate and weaken a U.S. economy already facing higher interest rates and slowing global growth. (AP Photo/Lynne Sladky, File)
December 07, 2018 - 12:40 pm
WASHINGTON (AP) — U.S. businesses added a smaller but still-healthy number of jobs last month, while the unemployment rate remained at a five-decade low and wages rose at a solid clip. The figures, released Friday by the Labor Department, point to an economy that is still adding jobs at a steady...
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Gregory P. Winter, 2018 Nobel laureate in Chemistry, left, and Professor George P. Smith, 2018 Nobel laureate in Chemistry take part in a press conference at the Royal Academy of Science in Stockholm, Sweden, Friday Dec. 7, 2018. (Claudio Bresciani/TT via AP)
December 07, 2018 - 7:32 am
STOCKHOLM (AP) — A winner of this year's Nobel Prize for Economics who advocates carbon taxes as the best way to address greenhouse gas emissions says he does not expect U.S. President Donald Trump to back his view. William Nordhaus's comments to The Associated Press on Friday followed Trump's...
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Russian President Vladimir Putin, right, shakes hands with his Venezuelan counterpart Nicolas Maduro during their meeting at the Novo-Ogaryovo residence outside in Moscow, Russia, Wednesday, Dec. 5, 2018. (Maxim Shemetov/Pool Photo via AP)
December 05, 2018 - 8:02 am
MOSCOW (AP) — Russian President Vladimir Putin has voiced his support for Venezuelan leader Nicolas Maduro who is visiting Moscow amid a spiraling economic crisis in his country. Maduro has become increasingly isolated in the world under growing sanctions led by the U.S. and the European Union...
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