Central banking

Jung Ji-won, third from left, chief executive of the Korea Exchange, and Financial Services Commission Chairman Eun Sung-soo, fourth from left, applaud with other participants during the opening of this year's trading in Seoul, South Korea, Thursday, Jan. 2, 2020. The sign read: "Opening ceremony of 2020 trading." (AP Photo/Ahn Young-joon)
January 02, 2020 - 7:47 am
TOKYO (AP) — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1% as well,...
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January 01, 2020 - 4:20 am
BEIJING (AP) — China's central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy. The People's Bank of China announced that the reserve requirement ratio for financial institutions would be lowered by 50...
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FILE - This Sept. 25, 2019, photo shows a sign indicating a new selling price for a house sits atop a realtor's sign in Jackson, Miss. On Tuesday, Dec. 31, the Standard & Poor's/Case-Shiller 20-city home price index for October is released. (AP Photo/Rogelio V. Solis)
December 31, 2019 - 8:09 am
WASHINGTON (AP) — U.S. home prices rose faster in October than the previous month as many would-be buyers competed for a limited supply of available properties. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.2% in October from a year ago, up from a 2.1% annual gain in September...
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FILE - This June 13, 2019, photo shows a house with a "sold pending" sign fixed on the realtor's sign in northeast Jackson, Miss. On Monday, Dec. 30, the National Association of Realtors releases its November report on pending home sales, which are seen as a barometer of future purchases. (AP Photo/Rogelio V. Solis, File)
December 30, 2019 - 9:05 am
WASHINGTON (AP) — Americans signed more contracts to purchase homes in November, bouncing back from last month's decline, indicating that the housing market is still strong. The National Association of Realtors said Monday that its pending home sales index, which measures the numbers of purchase...
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FILE - In this Nov. 14, 2019, file photo a pair of specialists work on the floor of the New York Stock Exchange. Investments around the world were all winners in 2019 as central banks unleashed more stimulus to bolster the global economy against the damage created by President Donald Trump’s trade war. (AP Photo/Richard Drew, File)
December 26, 2019 - 3:57 pm
NEW YORK (AP) — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its...
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FILE - In this Nov. 29, 2019, file photo shoppers carry bags as they cross a street in San Francisco. Black Friday kicks off the start of the holiday shopping season. On Friday, Dec. 20, the Commerce Department issues its November report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Jeff Chiu, File)
December 20, 2019 - 4:21 pm
WASHINGTON (AP) — Americans increased their spending in November at the fastest pace in four months, and income growth rebounded to its strongest gain since August. The Commerce Department said Friday that consumer spending rose at a 0.4% annual rate last month, led by a jump in spending on durable...
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FILE - In this Oct. 28, 2019, file photo a Matson container ship passes the Golden Gate Bridge in Sausalito, Calif. On Friday, Dec. 20, the Commerce Department issues the third estimate of how the U.S. economy performed in the July-September quarter. (AP Photo/Eric Risberg, File)
December 20, 2019 - 7:47 am
AP Economics Writer (AP) — The U.S. economy, which only recently was flashing warning signs of a sharp slowdown, should finish the year in better shape, thanks to rate cuts from the Federal Reserve and a cease-fire in the U.S.-China trade war. The Commerce Department said Friday that the gross...
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FILE - In this Dec. 11, 2019, file photo specialist Thomas McArdle, left, and trader Jonathan Corpina, right, work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Dec. 18. (AP Photo/Richard Drew, File)
December 19, 2019 - 12:22 am
BEIJING (AP) — Asian stock markets sank Thursday after the U.S. House of Representatives voted to impeach President Donald Trump and Japan's central bank kept ultra-low interest rates unchanged. Following a listless day on Wall Street, investors looked ahead to other interest rate decisions by...
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FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 11:04 am
FRANKFURT, Germany (AP) — Christine Lagarde is wasting no time in putting her stamp on the European Central Bank. The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how...
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Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following the Federal Reserve announcement that it would leave interest rates unchanged. Japan's benchmark Nikkei 225, South Korea's Kospi and Hong Kong's Hang Seng rose in early Thursday trading. (AP Photo/Ng Han Guan)
December 12, 2019 - 12:08 am
TOKYO (AP) — Asian shares were mixed Thursday after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged 0.3% higher to 23,455.96, while Australia's S&P/ASX 200 lost 0.6% to 6,709.40. South Korea's...
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