Banking and credit

FILE - In this Tuesday, June 9, 2015 file photo, the HSBC logo is seen through a window where buildings are reflected on to, at a branch in London. HSBC announced on Monday Aug. 5, 2019, the surprise departure of CEO John Flint after 18 months in the job, saying the bank needs new leadership. (AP Photo/Kirsty Wigglesworth, File)
August 06, 2019 - 6:52 am
BRUSSELS (AP) — Belgian prosecutors said Tuesday they have reached a settlement worth nearly 300 million euros ($335 million) with a Swiss private banking branch of HSBC over a longstanding fraud and tax dodging case. The Brussels prosecutor's office said it was able to reach a settlement partly...
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FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following U.S. President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 7:00 pm
WASHINGTON (AP) — China decided Monday to meet President Donald Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products. The moves, which came four days after Trump threatened more taxes on Chinese imports, knocked stock...
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FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. The U.S. Treasury Department labeled China a currency manipulator Monday, Aug. 5, after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 6:42 pm
WASHINGTON (AP) — The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. The decision, which came hours after President Donald Trump accused...
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FILE - In this April 18, 2018, file photo, the World Bank CEO Kristalina Georgieva speaks at the World Bank/IMF annual spring meeting in Washington. European governments have decided to put forward Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. (AP Photo/Jose Luis Magana)
August 02, 2019 - 5:48 pm
FRANKFURT, Germany (AP) — European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. Georgieva prevailed in a vote Friday among EU governments...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 4:58 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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Chief Economist and Director of Research Department at the IMF, Gita Gopinath, speaks during a news conference at the World Bank/IMF Spring Meetings, in Washington, Tuesday, April 9, 2019. (AP Photo/Jose Luis Magana)
April 09, 2019 - 10:17 am
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in...
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A view of the White House, Thursday, March 21, 2019, in Washington. (AP Photo/Evan Vucci)
March 21, 2019 - 5:42 pm
WASHINGTON (AP) — President Donald Trump says the economy would have grown much faster last year if the Federal Reserve had not been tightening credit last year. In a broadcast interview, Trump said without the Fed's rate hikes last year and moves to trim its bond holdings, the economy, as measured...
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Members of the defense team for Paul Manafort, including Thomas Zehnle, left, Brian Ketcham, and Kevin Downing, leave federal court during a break of the trial of former Donald Trump campaign chairman Paul Manafort, in Alexandria, Va., Tuesday, Aug. 14, 2018. The defense has rested their case. (AP Photo/Jacquelyn Martin)
August 14, 2018 - 4:33 pm
ALEXANDRIA, Va. (AP) — Paul Manafort's defense rested its case Tuesday without calling any witnesses in the former Trump campaign chairman's tax evasion and bank fraud trial. Manafort himself chose not to testify. The decision not to call witnesses clears the way for the jury to hear closing...
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