Financial crisis

U.S. Federal Reserve Chairman Jerome Powell speaks during a dinner hosted by the Bank of France in Paris, Tuesday, July 16, 2019. Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax U.S. tech companies like Google and Amazon when they meet in the Paris suburb of Chantilly tomorrow. (AP Photo/Michel Euler)
July 16, 2019 - 1:53 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, July 15, 2019. Shares are mixed in Asia, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter. (AP Photo/Ahn Young-joon)
July 15, 2019 - 6:40 am
BANGKOK (AP) — Global shares were mixed Monday after China reported that its economy grew at the slowest pace in at least 26 years in the last quarter, leading investors to opt for caution despite Friday's record highs on Wall Street. Tariff hikes by President Donald Trump have battered Chinese and...
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FILE - In this June 19, 2019, file photo Federal Reserve Chairman Jerome Powell concludes a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, July 10, the Federal Reserve releases minutes from its June meeting when it left rates unchanged. (AP Photo/Manuel Balce Ceneta, File)
July 10, 2019 - 7:37 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that "many" Fed officials believe a weakening global economy and rising trade tensions have strengthened the case for looser interest-rate policies. Delivering the Fed's semi-annual monetary report to Congress, Powell sent the...
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New Finance Minister Christos Staikouras, left, speaks as outgoing Finance Minister Euclid Tsakalotos is seen during a handover ceremony in Athens, Tuesday, July 9, 2019. Greece's new Cabinet was sworn in Tuesday, two days after conservative party leader Kyriakos Mitsotakis won early elections on pledges to make the country more business-friendly, cut taxes and negotiate an easing of draconian budget conditions agreed as part of the country's rescue program. (AP Photo/Thanassis Stavrakis)
July 09, 2019 - 11:34 am
ATHENS, Greece (AP) — Greece's new government will press ahead with tax cuts for households and businesses despite skepticism from creditors, the country's finance minister said Tuesday after he and his Cabinet colleagues were sworn in. Christos Staikouras' comments during a handover ceremony at...
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FILE - In this Dec. 23, 2013, file photo, former Argentine President Fernando de la Rua, center, walks outside Argentina's Federal Court in Buenos Aires, Argentina. Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday, July 9, 2019. He was 81. (AP Photo/Victor R. Caivano, File)
July 09, 2019 - 7:41 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday at age 81. President Mauricio Macri sent a tweet expressing regrets at the death...
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Greece's newly-elected prime minister Kyriakos Mitsotakis, waves as he walks shortly after his swearing-in ceremony at the Presidential Palace in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 3:46 pm
ATHENS, Greece (AP) — The Latest on Greece's election of a new government (all times local): 11:20 p.m. Greece's bailout creditors have rejected a call by the country's new government to ease strict budget targets that were agreed to after Athens received billions in rescue loans. Eurogroup...
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The sun reflected in the facade of the headquarters of Deutsche Bank in Frankfurt, Germany, Monday, July 8, 2019. The bank wouldn't give a geographical breakdown of the about 18.000 job cuts until 2020 and said there was no geographical concentration of job losses. (AP Photo/Michael Probst)
July 08, 2019 - 8:40 am
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
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Greece's newly-elected prime minister Kyriakos Mitsotakis, right, is welcomed by former prime minister Alexis Tsipras, left, at Maximos Mansion in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Thanassis Stavrakis)
July 08, 2019 - 8:35 am
ATHENS, Greece (AP) — Conservative party leader Kyriakos Mitsotakis was sworn in as Greece's new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis, 51, was elected on...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters after win in parliamentary elections at the New Democracy headquarters in Athens, on Sunday, July 7, 2019. Official results from nearly 60% of ballots counted showed the conservative New Democracy party of Kyriakos Mitsotakis winning comfortably with 39.7% compared to Tsipras' Syriza party with 31.5%. (AP Photo/Petros Giannakouris)
July 08, 2019 - 3:30 am
ATHENS, Greece (AP) — Conservative party leader Kyriakos Mitsotakis is to be sworn in as Greece's new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis' New Democracy...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters after win in parliamentary elections at the New Democracy headquarters in Athens, on Sunday, July 7, 2019. Official results from nearly 60% of ballots counted showed the conservative New Democracy party of Kyriakos Mitsotakis winning comfortably with 39.7% compared to Tsipras' Syriza party with 31.5%. (AP Photo/Petros Giannakouris)
July 07, 2019 - 6:47 pm
ATHENS, Greece (AP) — Conservative opposition leader Kyriakos Mitsotakis comfortably won Greece's parliamentary elections Sunday, delivering a stinging blow to leftist Prime Minister Alexis Tsipras after a tumultuous four years in office as the country struggled through a crippling financial crisis...
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