Banking and credit

June 06, 2018 - 5:50 am
NEW DELHI (AP) — India's central bank has raised its key interest rate by a quarter of a percentage point to 6.25, as inflation rose following an increase in global oil prices. The first interest hike since January 2014 was announced by the Reserve Bank of India on Wednesday. It put the retail...
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June 05, 2018 - 10:46 pm
CANBERRA, Australia (AP) — Australia has laid cartel charges against Citigroup, Deutsche Bank and ANZ, plus six bank executives, over the sale of 2.5 billion Australian dollars ($1.9 billion) in ANZ shares to institutional investors three years ago. The charges allege that the banking rivals made...
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FILE- In this April 24, 2018, file photo, an American flag flies outside the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, June 5. (AP Photo/Mary Altaffer, File)
June 05, 2018 - 4:47 pm
NEW YORK (AP) — U.S. stocks finished mostly higher Tuesday as weeks of up-and-down trading, much of it related to trade tensions, gave way to smaller moves. Technology companies, retailers, and U.S.-focused companies kept rising while banks fell with interest rates. The market spent the day...
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June 05, 2018 - 4:01 pm
WASHINGTON (AP) — The steadily expanding global economy should remain resilient — at least for a couple of years — the World Bank says. The anti-poverty agency predicts global growth will decelerate slightly from a solid 3.1 percent this year to 3 percent next year and 2.9 percent in 2020. The...
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Protesters gather for a demonstration outside the Prime Minister's office in Amman, early Tuesday, June 5, 2018. Jordan's King Abdullah II on Monday accepted the resignation of his embattled prime minister and reportedly tapped a leading reformer as a successor, hoping to quell the largest anti-government protests in recent years, which are also seen as a potential challenge to his two-decade-old rule. (AP Photo/Raad al-Adayleh)
June 05, 2018 - 7:59 am
AMMAN, Jordan (AP) — Jordan's King Abdullah II on Tuesday appointed a new prime minister, the royal palace said, naming a leading reformer as head of government in hopes of quelling the largest anti-government protests in recent years. Cabinet member Omar Razzaz, a Harvard-educated former senior...
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FILE - In this Thursday, Jan. 26, 2017 file photo, people walk past one of the headquarter buildings showing the logo of the Royal Bank of Scotland in London. The British government has sold a 7.7 percent stake in Royal Bank of Scotland, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. (AP Photo/Alastair Grant/File)
June 05, 2018 - 6:00 am
LONDON (AP) — The British government sold a 7.7 percent stake in Royal Bank of Scotland on Tuesday, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. The government sold the shares for 271 pence each...
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June 04, 2018 - 3:59 pm
WASHINGTON (AP) — A unit of one of France's largest banks, Societe Generale, is pleading guilty in the U.S. and the bank is paying a $585 million fine for bribing Libyan officials to win government investments. The bank also is paying $750 million to settle U.S. charges of manipulating a key global...
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FILE- In this April 23, 2018, file photo, the logo for Visa appears above a trading post on the floor of the New York Stock Exchange. Visa says a problem that left people across Europe unable to use their cards was caused by a hardware fault, not a cyberattack. The card payments company says services are back to normal and its systems are working at "full capacity." It says the problem was caused by "a hardware failure within one of our European systems" and wasn't the result of "unauthorized access." (AP Photo/Richard Drew, File)
June 02, 2018 - 5:27 am
LONDON (AP) — Visa says a problem that left people across Europe unable to use their cards was caused by a hardware fault, not a cyberattack. The card payments company says services are back to normal and its systems are working at "full capacity" on Saturday. It says the problem was caused by "a...
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June 02, 2018 - 5:02 am
LONDON (AP) — Visa says a problem that left people across Europe unable to use their cards was caused by a hardware fault, not a cyberattack. The card payments company says services are back to normal and its systems are working at "full capacity" on Saturday. It says the problem was caused by "a...
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In this photo taken on Tuesday, April 10 2018, Latvia's Prime Minister Maris Kucinskis poses for a photograph, during an interview, in Riga. Latvia has come into focus as a potential weak link in the West’s banking system as the U.S. and EU increasingly rely on financial sanctions as a weapon in their diplomatic spats _ with North Korea, but also Russia and Syria, among others. (AP Photo/David Keyton)
June 01, 2018 - 4:57 am
RIGA, Latvia (AP) — When the U.S. hit North Korea with sanctions last year, Pyongyang's state-owned banks found a quiet backchannel to keep money flowing to the country's ballistic missile programs, the U.S. says: the tiny European country of Latvia. One of the biggest banks in Latvia — a member...
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