Banking and credit

A woman drinks a wine while worker cleans the bar on an empty restaurant, in Pamplona, northern Spain, Thursday, March 12, 2020. For most people, the new COVID-19 coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Alvaro Barrientos)
March 12, 2020 - 1:53 pm
WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global economy. Airlines are dropping routes because people are not flying, workers are staying...
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President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany, Thursday, March 12, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 1:40 pm
FRANKFURT, Germany (AP) — The European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak, but its president said monetary policy couldn't do it alone and called for a "decisive and determined” response from governments. ECB President...
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President Donald Trump speaks during a meeting with Irish Prime Minister Leo Varadkar in the Oval Office of the White House, Thursday, March 12, 2020, in Washington. (AP Photo/Evan Vucci)
March 12, 2020 - 1:39 pm
The Latest on the world's coronavirus pandemic: Italy, the center of Europe's coronavirus pandemic, has hit the milestone of 1,000 deaths since it saw its first cases in mid-February. Italy’s positive cases continued their upward trend Thursday, registering 15,113 confirmed cases and the death toll...
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The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 10:24 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak, but avoided cutting interest rates in a situation where economists say monetary policy can do little more than limit the damage. The central bank for...
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The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 10:08 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak, but avoided cutting interest rates in a situation where economists say monetary policy can do little more than limit the damage. The central bank for...
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A currency trader wearing a face mask watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 12, 2020. Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. (AP Photo/Ahn Young-joon)
March 12, 2020 - 9:07 am
NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 9:10 a.m. The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank decided Thursday to buy up 120 billion euros more in bonds,...
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The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 8:54 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank decided Thursday to buy up 120 billion euros more in bonds, money that is newly created and injected into the financial system. Some...
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FILE - In this Aug. 27, 2013, file photo, workers load large containers of nectarines for sorting at Eastern ProPak Farmers Cooperative in Glassboro, N.J. U.S. wholesale prices fell 0.6% in February 2020, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January. It was the sharpest decline since a similar 0.6% drop in January 2015. (AP Photo/Mel Evans, File)
March 12, 2020 - 8:49 am
WASHINGTON (AP) — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January...
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March 12, 2020 - 8:39 am
WASHINGTON (AP) — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January...
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A couple kiss, at the Barcelona airport, Spain, Thursday, March 12, 2020. President Donald Trump, who had downplayed the coronavirus for weeks, suddenly struck a different tone, announcing strict rules on restricting travel from much of Europe to begin this weekend. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Emilio Morenatti)
March 12, 2020 - 8:21 am
The Latest on the coronavirus pandemic: Iran has asked for an emergency $5 billion loan from the International Monetary Fund to combat the outbreak of the novel coronavirus there, which has killed more than 360 people and infected some 9,000 nationwide. Iran's Central Bank chief Abdolnasser Hemmati...
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