Financial services

Clouds drift over the European Central Bank, right, in Frankfurt, Germany, Saturday, Jan. 18, 2020. (AP Photo/Michael Probst)
January 21, 2020 - 8:57 am
FRANKFURT, Germany (AP) — Major central banks have joined together to explore whether they should issue digital currencies as the use of cash declines and more people turn to electronic forms of paying. The study group is made up of the European Central Bank, the Bank of Japan, the Bank of Canada,...
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A worker cleans up an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 21, 2020. Asian stock markets have tumbled as concern about the impact of a Chinese disease outbreak on tourism and regional economies grows. (AP Photo/Koji Sasahara)
January 21, 2020 - 3:26 am
BEIJING (AP) — Global stock and oil prices tumbled Tuesday as concern about the impact of a Chinese disease outbreak increased and a rating agency cut Hong Kong's credit rating for official borrowing due to political tension. Japan's central bank left its key interest rate unchanged and upgraded...
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January 20, 2020 - 10:00 am
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An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. China's economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. (Chinatopix via AP)
January 20, 2020 - 7:06 am
WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in...
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FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)
January 17, 2020 - 12:34 pm
Major U.S. stock indexes edged higher in afternoon trading Friday as solid earnings from banks helped extend momentum from the previous day's rally. State Street and Citizens Financial were among the latest banks to report encouraging results in a week of solid reports from larger financial...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Jan. 16, 2020, President Donald Trump announced he has nominated Judy Shelton and Christopher Waller to serve on the Federal Reserve's influential Board of Governors. Shelton is an economic adviser to Trump's campaign who recently served as the U.S. executive director for the European Bank of Reconstruction and Development. Waller is the director of research at the Federal Reserve Bank of St. Louis. (AP Photo/Andrew Harnik, File)
January 16, 2020 - 7:38 pm
WASHINGTON (AP) — President Donald Trump said Thursday that he intends to nominate two people to serve on the Federal Reserve's Board of Governors, an institution he has repeatedly attacked for not cutting rates deeply enough. Both were first named by Trump on Twitter in July but their nominations...
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President of European Central Bank Christine Lagarde listens during a press conference after a meeting of the governing council in Frankfurt, Germany, Thursday, Dec. 12, 2019. (AP Photo/Michael Probst)
January 16, 2020 - 8:04 am
FRANKFURT, Germany (AP) — Top officials at the European Central Bank say economic growth remains weak though they see a few upbeat signs after the U.S. and China moved toward lowering trade tensions. Recent data point to “a stabilization in euro area growth,” according to an account of the Dec. 12...
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FILE - In this Tuesday, Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley reports financial results Thursday, Jan. 16, 2020. (AP Photo/Mark Lennihan, File)
January 16, 2020 - 7:52 am
NEW YORK (AP) — Morgan Stanley's fourth-quarter profits jumped 46% from a year earlier, the company said Thursday, helped by a massive boost from the bank's trading desks. The investment bank said it earned a profit of $2.24 billion, or $1.30 per share, compared with a profit of $1.53 billion, or...
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FILE - In this Jan. 10, 2020, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Jan. 15. (AP Photo/Richard Drew)
January 15, 2020 - 3:08 pm
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks edged higher in afternoon trading on Wall Street Wednesday after the signing of an initial trade deal between the U.S. and China. The modest gains had the Dow Jones Industrial Average on track for its first close above 29,000...
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FILE - In this Dec. 4, 2017 file photo, a person looks over a health insurance benefit comparison chart in Georgia. The new year often starts harshly for people with high-deductible health insurance. Many of those deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care before most coverage starts. (AP Photo/David Goldman, File)
January 15, 2020 - 11:25 am
The new year often starts harshly for people with high-deductible health insurance. Many deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care or prescriptions before most insurance coverage starts. Such a financial hit can be brutal for patients with cancer or a chronic...
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