Central banking

FILE - In this April 18, 2018, file photo, the World Bank CEO Kristalina Georgieva speaks at the World Bank/IMF annual spring meeting in Washington. Georgieva, a top official at the World Bank, was chosen by the IMF’s executive board on Wednesday to become the IMF’s managing director. She succeeds Christine Lagarde who is stepping down to take over as head of the European Central Bank. (AP Photo/Jose Luis Magana, File)
September 25, 2019 - 7:00 pm
WASHINGTON (AP) — A Bulgarian economist who grew up when her country was a communist nation has been selected to be the next leader of one of capitalism's premier institutions, the 189-nation International Monetary Fund. Kristalina Georgieva, a top World Bank official, was chosen by the IMF's...
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September 24, 2019 - 9:06 am
JERUSALEM (AP) — Israel's central bank says it has granted a pair of high-profile entrepreneurs a license to open the country's first all-digital bank. The first new bank to be established in Israel in 40 years, it is the brainchild of tech executives Marius Nacht, who co-founded Check Point...
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A man carrying a national flag walks with his colleagues past by a floral decoration for the 70th anniversary of the founding of the People's Republic of China, on display along Chang'an street in Beijing, Tuesday, Sept. 24, 2019. China's central bank governor says policy will stay "stable and healthy," suggesting Beijing has no plans to join the United States and Europe in cutting interest rates to stimulate economic growth. (AP Photo/Andy Wong)
September 24, 2019 - 4:02 am
BEIJING (AP) — China's central bank governor said Tuesday its monetary policy will stay "stable and healthy," suggesting Beijing has no plans to join the United States and Europe in cutting interest rates to stimulate economic growth amid a tariff war with Washington. The People's Bank of China...
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European Central Bank President Mario Draghi addresses European Parliament members at the European Parliament in Brussels, Monday, Sept. 23, 2019. (AP Photo/Francisco Seco)
September 23, 2019 - 12:35 pm
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economy in the 19-country eurozone is not showing signs of a rebound and urged governments to help by spending more on top of the central bank's latest package of stimulus measures. Mario Draghi said in remarks Monday before...
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During a trip organized by Saudi information ministry, a security guarder stands alert in front of Aramco's oil processing facility after the recent Sept. 14 attack on Aramco's oil processing facility in Abqaiq, near Dammam in the Kingdom's Eastern Province, Friday, Sept. 20, 2019. Saudi Arabia allowed journalists access Friday to the site of a missile-and-drone attack on a facility at the heart of the kingdom's oil industry, an assault that disrupted global energy supplies and further raised tensions between the U.S. and Iran. (AP Photo/Amr Nabil)
September 21, 2019 - 6:50 am
TEHRAN, Iran (AP) — Iran's powerful Revolutionary Guard is ready for combat and "any scenario," its chief commander said Saturday, as the country's nuclear deal with world powers collapses and the U.S. alleged Iran was behind a weekend attack on major oil sites in Saudi Arabia that shook global...
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FILE - In this Wednesday, Sept. 18, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. A peculiar thing is happening in financial markets this week _ a corner of the financial system where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion into the market over the past three days, with plans for another $75 billion on Friday. (AP Photo/Patrick Semansky, File)
September 20, 2019 - 3:56 pm
WASHINGTON (AP) — The Federal Reserve says it will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks. The New York Federal Reserve Bank, which handles the central bank's interactions with financial markets, said Friday that it will offer daily repurchase or...
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FILE - In this Sept. 16, 2019, file photo Gordon Charlop, center, and Christian Bader work at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 20. (AP Photo/Mark Lennihan, File)
September 20, 2019 - 3:51 pm
Stocks veered lower on Wall Street in afternoon trading Friday after reports that a Chinese delegation has cut short a visit to the U.S. fueled speculation that upcoming talks aimed at resolving the costly trade war between Washington and Beijing are in trouble. The selling, which erased modest...
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FILE - In this Wednesday, Sept. 18, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. A peculiar thing is happening in financial markets this week _ a corner of the financial system where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion into the market over the past three days, with plans for another $75 billion on Friday. (AP Photo/Patrick Semansky, File)
September 19, 2019 - 6:09 pm
WASHINGTON (AP) — A peculiar thing is happening in financial markets this week: an oft-overlooked corner of Wall Street where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Thursday, Sept. 19, 2019. Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. (AP Photo/Andy Wong)
September 19, 2019 - 4:11 am
BANGKOK (AP) — Shares opened higher in Europe on Thursday after a mixed session in Asia following the Federal Reserve's decision to cut its benchmark interest rate for a second time this year. Germany's DAX edged 0.1% higher to 12,406.82 while the FTSE 100 in Britain advanced 0.2% to 7,331.84. In...
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Bank of Japan Gov. Haruhiko Kuroda attends a meeting at its headquarters in Tokyo Thursday, Sept. 19, 2019. Japan’s central bank has opted to keep its monetary policy unchanged despite growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. (Muneyuki Tomori/Kyodo News via AP)
September 19, 2019 - 2:17 am
TOKYO (AP) — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been...
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