Monetary policy

August 17, 2018 - 10:46 pm
CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement...
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August 06, 2018 - 1:38 am
BEIJING (AP) — China has tightened controls on trading in its yuan to discourage speculators after a decline against the dollar amid a tariff dispute with Washington fueled fears of a damaging outflow of capital from the world's second-largest economy. Traders must post a 20 percent deposit...
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FILE - In this July 20, 2017 file photo, devalued Bolivar bank notes and coins, taped together, serve as makeshift rope at a roadblock set up by anti-government protesters in Caracas, Venezuela. The Venezuelan government presented to the Constitutional Assembly on Thursday, August 2, 2018, a decree that would make all operations at foreign exchange houses legal again. (AP Photo/Ariana Cubillos, File)
August 02, 2018 - 6:43 pm
CARACAS, Venezuela (AP) — Venezuela's socialist government on Thursday relaxed strict controls that for years have limited currency exchanges, choking an economy that's in a historic freefall. The ruling party's National Constitutional Assembly voted to legalize certain transactions in currency...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, Aug. 2, 2018. Share benchmarks in Asia are sliding, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports. (AP Photo/Kin Cheung)
August 02, 2018 - 7:50 am
BANGKOK (AP) — World stocks were falling again Thursday on reports that the Trump administration is considering a higher tax rate on Chinese imports, increasing the stakes in the economic powers' trade war. KEEPING SCORE: The DAX index in export-reliant Germany tumbled 1.6 percent to 12,534 and the...
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August 01, 2018 - 6:14 am
NEW DELHI (AP) — India's central bank has raised its key interest rate by a quarter of a percentage point to 6.5 percent, saying that global growth has become uneven and risks to the outlook have increased with rising trade tensions. The second interest hike since January 2014 was announced by the...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 1:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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A man walks past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Tuesday, July 31, 2018. Asian markets were mixed on Tuesday with narrow trading ahead of a key statement by the Bank of Japan, which could indicate a tightening of its monetary policy. (AP Photo/Kin Cheung)
July 31, 2018 - 5:02 am
SINGAPORE (AP) — World markets are mixed Tuesday ahead of key economic releases from the 19-country eurozone, which has come to an agreement with the U.S. on holding off on new tariffs. KEEPING SCORE: Britain's FTSE 100 rose 0.1 percent in early trading to 7,709.97 while Germany's DAX fell 0.2...
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Treasury Secretary Steve Mnuchin, left, and Director of the Office of Management and Budget Mick Mulvaney listen as President Donald Trump delivers remarks about the economy on the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Evan Vucci)
July 30, 2018 - 12:30 am
WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve's independence despite his condemnation of the central bank for raising interest rates. "We as an...
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Treasury Secretary Steve Mnuchin, left, and Director of the Office of Management and Budget Mick Mulvaney listen as President Donald Trump delivers remarks about the economy on the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Evan Vucci)
July 29, 2018 - 7:07 pm
WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted Sunday that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve's independence despite his condemnation of the central bank for raising interest rates. "We as...
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A currency trader walks by the screen showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, July 23, 2018. Asian markets were mostly lower on Monday as concerns over trade tensions moved to the forefront at the meeting this weekend of the Group of 20 industrial nations. (AP Photo/Lee Jin-man)
July 23, 2018 - 12:31 am
SINGAPORE (AP) — Asian markets were mostly lower on Monday as concerns over trade tensions moved to the forefront at the meeting this weekend of the Group of 20 industrial nations. KEEPING SCORE: Japan's Nikkei 225 tumbled 1.3 percent to 22,403.45 and South Korea's Kospi dropped 0.7 percent to 2,...
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