Financial services

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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FILE - In this Sept. 24, 2020 file photo, Federal Reserve Chair Jerome Powell, right, and Treasury Secretary Steve Mnuchin testify during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Capitol Hill, in Washington. Mnuchin on Friday, Nov. 20 denied that he is trying to limit the choices President-elect Joe Biden will have to promote an economic recovery by ending several emergency loan programs being run by the Federal Reserve. Mnuchin said his decision was based on the fact that the programs were not being heavily utilized and the money could be better used by being re-allocated by Congress to provide support in other areas such as further grants to small businesses and extended unemployment assistance. (Toni L. Sandys/The Washington Post via AP, Pool)
November 20, 2020 - 6:18 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin denied on Friday that he is attempting to limit President-elect Joe Biden's options for reviving the pandemic-damaged economy by ending several emergency loan programs being run by the Federal Reserve. Mnuchin said the programs were not being...
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FILE - In this Monday, Sept. 21, 2020 file photo, Treasury Secretary Steve Mnuchin speaks during a news conference to announce the Trump administration's restoration of sanctions on Iran at the U.S. State Department in Washington. Treasury Secretary Steven Mnuchin said Thursday, Nov. 19, 2020 he will not to extend several emergency loan programs set up with the Federal Reserve to support the economy in the midst of the coronavirus pandemic.(AP Photo/Patrick Semansky, File)
November 19, 2020 - 6:45 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve to support the economy in the midst of the coronavirus pandemic. The decision drew a terse rebuke from the Fed. The central bank said it “would prefer...
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FILE - In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. Georgieva said Thursday, Nov. 19, that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter the world now faces slower momentum with a resurgence in coronavirus cases. (AP Photo/Jens Meyer, File)
November 19, 2020 - 12:56 pm
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter, the world now faces slower momentum with a resurgence in coronavirus cases. IMF Managing...
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