Financial services

March 02, 2020 - 4:04 pm
FRANKFURT, Germany (AP) — The head of the European Central Bank says Europe's top monetary authority is ready to take “appropriate and targeted measures” if necessary to support the economy against the headwinds from the coronavirus. Christine Lagarde said in a statement Monday that the virus “is a...
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March 02, 2020 - 4:00 pm
FRANKFURT, Germany (AP) — European Central Bank head Lagarde: Bank is "ready to take appropriate and targeted measures" to support economy.
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A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
March 02, 2020 - 7:12 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
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FILE - In this Wednesday, Feb. 26, 2020, file photo, stock trader Gregory Rowe works at the New York Stock Exchange. The S&P 500 has lost more than 10% from its record high as worries have built that a fast-spreading new virus will slam economies and corporate profits around the world. That means stocks just went through a “correction” in the stilted parlance of market watchers. (AP Photo/Mark Lennihan, File)
February 28, 2020 - 7:27 am
NEW YORK (AP) — After six days of being pounded by a virus-induced, global sell-off, U.S. markets hit a milestone this week. The S&P 500 has dropped more than 10% from the record highs set just over a week ago as a fast-spreading new virus raises the specter of damaged economies and tumbling...
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February 28, 2020 - 6:34 am
LONDON (AP) — Three former Barclays bankers have been cleared of fraud over a 4 billion-pound ($5.2 billion) investment deal with Qatar at the height of the global financial crisis in 2008. The three men — Roger Jenkins, Thomas Kalaris and Richard Boath — were acquitted Friday after a five-month...
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February 27, 2020 - 10:40 pm
ANCHORAGE, Alaska (AP) — Alaska state officials reacted with alarm this week after a second large U.S. bank said it would not support future oil and gas projects in the Arctic. The state's energy commission responded by shredding his Chase credit card after JPMorgan Chase & Co. announced a...
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In this Feb. 20, 2020, photo, items from H&M’s new street wear collection are displayed at a store in New York. The collection was designed in collaboration with Ruth Carter, the Academy-Award winning designer behind the costumes for films such as “Black Panther” and “Malcolm X." It debuted as more companies and brands are getting into the business of Black History Month but also trying not to leave the impression that African American consumers are important just once a year. (AP Photo/Richard Drew)
February 25, 2020 - 5:36 pm
NEW YORK (AP) — From shoes and T-shirts to dolls and tote bags, more companies and brands are getting into the business of Black History Month but trying not to leave the impression that African American consumers are important just once a year. Some businesses are using February to show off the...
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FILE - In this Feb. 20, 2020, file photo, people wear masks as they commute during the morning rush hour in Chuo district in Tokyo. China's massive travel restrictions, house-to-house checks, huge isolation wards and lockdowns of entire cities bought the world valuable time to prepare for the global spread of the new virus. (AP Photo/Kiichiro Sato, File)
February 25, 2020 - 4:16 pm
WASHINGTON (AP) — The fast-moving coronavirus isn’t just confounding health officials. It’s also bedeviling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that's reached 37 countries and territories, infected 80,000 people and killed 2,700...
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Women wearing sanitary masks walk in downtown Milan, Italy, Monday, Feb. 24, 2020. Italy has been scrambling to check the spread of Europe's first major outbreak of the new viral disease amid rapidly rising numbers of infections, calling off the popular Venice Carnival, scrapping major league soccer matches in the stricken area and shuttering theaters, including Milan's legendary La Scala. (AP Photo/Luca Bruno)
February 24, 2020 - 11:48 am
FRANKFURT, Germany (AP) — The widening coronavirus outbreak threatens to seriously disrupt the global economy just as it was steadying itself against headwinds from the U.S.-China trade dispute. Stocks fell sharply on Monday around the world on news of more infections in different countries. The U...
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FILE - In this Jan. 24, 2020 file photo, Cory Doctorow, right, walks in front of other protestors in Los Angeles outside the headquarters of the regulatory body for domain names, the Internet Corporation for Assigned Names and Numbers. A private equity firm announced Friday, Feb. 21, what it calls legally binding commitments designed to ease concerns that its proposed $1.1 billion private takeover of the dot-org domain-setting registry would lead to price gouging and censorship. (AP Photo/Mark J. Terrill)
February 21, 2020 - 7:06 pm
LOS ANGELES (AP) — A private equity firm seeking to buy rights to operate the internet's .org suffix said Friday it will cap price hikes and create an advisory board with veto powers to ease concerns from the nonprofit community. Ethos Capital has offered $1.1 billion to buy the Public Interest...
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