Financial crisis

Puerto Rican singer Ricky Martin, front atop truck, participates with other local celebrities in a protest demanding the resignation of governor Ricardo Rossello in San Juan, Puerto Rico, Monday, July 22, 2019. Protesters are demanding Rossello step down for his involvement in a private chat in which he used profanities to describe an ex-New York City councilwoman and a federal control board overseeing the island's finance. (AP Photo/Carlos Giusti)
July 22, 2019 - 5:16 pm
SAN JUAN, Puerto Rico (AP) — Waving flags, chanting and banging pots and pans, tens of thousands of Puerto Ricans jammed a highway Monday to demand the resignation of Gov. Ricardo Rosselló in a crisis triggered by a leak of offensive, obscenity-laden chat messages between him and his advisers. The...
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Conservative Party leadership contender Boris Johnson, centre right, leaves his office in Westminster area of London, Monday July 22, 2019. Voting closes Monday in the ballot to elect Britain's next prime minister, from the two contenders Jeremy Hunt and Boris Johnson, as critics of likely winner Boris Johnson condemned his vow to take Britain out of the European Union with or without a Brexit deal.(Yui Mok/PA via AP)
July 22, 2019 - 12:34 pm
LONDON (AP) — Voting closed Monday in the two-man contest to become Britain's next prime minister, as critics of likely winner Boris Johnson condemned his vow to take the U.K. out of the European Union with or without a divorce deal. Members of the governing Conservative Party had until 5 p.m. (...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 4:12 pm
WASHINGTON (AP) — Pointing to a weaker global economy, rising trade tensions and chronically low inflation, Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade. Delivering the central bank's semiannual...
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FILE - In this Dec. 23, 2013, file photo, former Argentine President Fernando de la Rua, center, walks outside Argentina's Federal Court in Buenos Aires, Argentina. Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday, July 9, 2019. He was 81. (AP Photo/Victor R. Caivano, File)
July 09, 2019 - 11:26 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left as the country plunged into its worst economic crisis, died Tuesday at age 81. President Mauricio Macri sent a tweet expressing regrets at the...
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New Finance Minister Christos Staikouras, left, speaks as outgoing Finance Minister Euclid Tsakalotos is seen during a handover ceremony in Athens, Tuesday, July 9, 2019. Greece's new Cabinet was sworn in Tuesday, two days after conservative party leader Kyriakos Mitsotakis won early elections on pledges to make the country more business-friendly, cut taxes and negotiate an easing of draconian budget conditions agreed as part of the country's rescue program. (AP Photo/Thanassis Stavrakis)
July 09, 2019 - 11:25 am
ATHENS, Greece (AP) — Greece's new government will press ahead with tax cuts for households and businesses despite skepticism from creditors, the country's finance minister said Tuesday after he and his Cabinet colleagues were sworn in. Christos Staikouras' comments during a handover ceremony at...
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FILE - In this May 1, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. Powell says the Fed's annual stress tests of the nation's largest banks will need to evolve to keep pace with a changing financial system. (AP Photo/Patrick Semansky, File)
July 09, 2019 - 9:50 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the Fed's annual stress tests of the nation's largest banks will need to evolve to keep pace with a changing financial system. Powell called the tests, which determine whether a bank could survive a severe economic downturn...
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July 09, 2019 - 8:02 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, has died. He was 81. The death was confirmed by the Argentine government. President Mauricio...
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Greece's newly-elected prime minister Kyriakos Mitsotakis, waves as he walks shortly after his swearing-in ceremony at the Presidential Palace in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 1:04 pm
ATHENS, Greece (AP) — The Latest on Greece's election of a new government (all times local): 7:45 p.m. Greece's new conservative prime minister has announced the members of his Cabinet less than a day after his party won a general election. Prime Minister Kyriakos Mitsotakis named Christos...
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A man walks past the Deutsche Bank sign in London, Monday, July, 8, 2019. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022, saying it is going “back to our roots” with a radical restructuring plan meant to focus the company on traditional strengths.(AP Photo/Natasha Livingstone)
July 08, 2019 - 12:25 pm
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
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A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 08, 2019 - 8:45 am
LONDON (AP) — Global stock markets recovered their poise Monday after a big sell-off in Asia in the wake of unexpectedly strong U.S. employment data tempered hopes the Federal Reserve will aggressively cut interest rates. Fed leaders have indicated they are ready to cut rates to support economic...
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