Financial services

Federal Reserve Board Chairman Jerome Powell speaks at the Economic Club of New York, Wednesday, Nov. 28, 2018, in New York. (AP Photo/Mark Lennihan)
November 28, 2018 - 4:26 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Powell's comments ignited a huge rally on Wall...
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FILE - This Thursday, Feb. 26, 2015 file photo shows Italian designer Roberto Cavalli speaking to reporters, prior to the start of his Just Cavalli women's fall-winter 2015-16 collection, as part of the Milan Fashion Week, Milan, Italy. The Roberto Cavalli fashion house is looking for future growth in the home decor and furniture sector, with a new project furnishing a luxury residential building in Bahrain. (AP Photo/Luca Bruno, File)
November 28, 2018 - 11:25 am
MILAN (AP) — The Roberto Cavalli fashion house is looking for future growth in the home decor and furniture sector, with a new project furnishing a luxury residential building in Bahrain. CEO Gian Giacomo Ferraris said Wednesday that revenues from home furnishings sales have increased to 8 percent...
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Anti-Brexit supporters talk as they protest opposite the House of Parliament in London, Tuesday, Nov. 27, 2018. The European Union's highest court on Tuesday began considering whether Britain could unilaterally revoke its decision to leave the EU before the planned exit date of March 29. (AP Photo/Frank Augstein)
November 28, 2018 - 11:24 am
LONDON (AP) — The Latest on Britain's exit from the European Union (all times local): 5:20 p.m. Bank of England Governor Mark Carney says Britain is "not fully prepared for a cliff-edge Brexit." The central bank warned in a report that the British economy could shrink by 8 percent next year in the...
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November 28, 2018 - 9:32 am
WASHINGTON (AP) — The Federal Reserve is signaling potentially vulnerable spots in the financial system, citing U.S. businesses' debt at the highest levels in more than two decades and risky debt growing. The Fed's report issued Wednesday was its first assessing the stability of the U.S. financial...
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November 27, 2018 - 5:59 pm
WASHINGTON (AP) — President Donald Trump says he thinks the Federal Reserve's policies are a greater threat to U.S. economic growth than a burgeoning trade war with China. Trump told The Washington Post on Tuesday: "I think the Fed is a much bigger problem than China." Trump adds that he is "not...
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November 27, 2018 - 4:24 pm
SAN JUAN, Puerto Rico (AP) — The governor of Puerto Rico overhauled the U.S. territory's insurance laws on Tuesday to help protect policy holders as thousands of claims remain unresolved more than a year after Hurricane Maria. Gov. Ricardo Rossello signed six laws into effect as he stressed that...
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European Central Bank President Mario Draghi listens to a speech during an Economic and Monetary Affairs meeting at the European Parliament in Brussels, Monday, Nov. 26, 2018. (AP Photo/Francisco Seco)
November 26, 2018 - 9:42 am
FRANKFURT, Germany (AP) — The head of the European Central Bank is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending pot to buffer individual governments against financial crises. Mario Draghi said Monday in the European Parliament...
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Howard Wilkinson speaks during a hearing at the Danish parliament building Christiansborg Castle on Monday Nov. 19, 2018. Howard Wilkinson, the man who blew the whistle on a massive money laundering scheme through the Estonian branch of Denmark's Danske Bank, says the Copenhagen-based bank “deliberately ignored” the warning he made that dirty money was flowing, some from Russia. (Liselotte Sabroe/Ritzau Scanpix via AP)
November 19, 2018 - 6:38 am
COPENHAGEN, Denmark (AP) — Denmark's largest bank "deliberately ignored" a warning about a massive money laundering scheme through its Estonian branch, a former employee and whistleblower said Monday. Howard Wilkinson, a British citizen, worked as a trader for Danske Bank's Estonia branch from 2007...
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FILE - In this Thursday, Oct. 25, 2018 file photo, the President of European Central Bank Mario Draghi waits for the beginning of a press conference following the meeting of the governing council in Frankfurt, Germany. Draghi warns that slowing world trade is proving to be a drag on the eurozone economy but says the current expansion remains “resilient” as consumers at home remain willing to spend and unemployment falls thanks to pro-business reforms. Draghi said in a speech Friday, Nov. 16, 2018 in Frankfurt that “there is certainly no reason why the expansion in the euro area should abruptly come to an end.” (AP Photo/Michael Probst, File)
November 16, 2018 - 4:39 am
FRANKFURT, Germany (AP) — The head of the European Central Bank indicated a first interest rate increase could be postponed if unexpected trouble strikes the 19 countries that use the euro as their currency. Mario Draghi warned in a speech Friday the current economic expansion remains "resilient"...
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Dudley Devine, right, works with fellow traders on the floor of the New York Stock Exchange, Wednesday, Nov. 14, 2018. Energy companies led U.S. stocks broadly higher in early trading Wednesday, wiping out some of the market's losses from a day earlier. (AP Photo/Richard Drew)
November 14, 2018 - 9:10 pm
BEIJING (AP) — Most Asian stock markets declined Thursday after Wall Street fell for a fifth day and Britain's Cabinet endorsed a draft agreement to leave the European Union. KEEPING SCORE: Tokyo's Nikkei 225 lost 0.7 percent to 21,686.71 points and Sydney's S&P-ASX 200 retreated 0.6 percent to...
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