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Central banking

Clouds drift over the European Central Bank, right, in Frankfurt, Germany, Saturday, Jan. 18, 2020. (AP Photo/Michael Probst)
January 21, 2020 - 9:57 am

Central banks join to study possible digital currencies

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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Clouds drift over the European Central Bank, right, in Frankfurt, Germany, Saturday, Jan. 18, 2020. (AP Photo/Michael Probst)
January 21, 2020 - 9:11 am

Central banks join to study possible digital currencies

FRANKFURT, Germany (AP) — Major central banks have joined together to explore whether they should issue cryptocurrencies 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 - 4:26 am

Global stocks tumble on growing concern about China virus

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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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 - 8:24 am

IMF: Low rates and reduced trade tension to aid world growth

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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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 - 8:06 am

IMF: Low rates and reduced trade tension to aid world growth

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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Pedestrian stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Monday, Jan. 20, 2020. Asian shares are trading mostly higher as investors await central bank decisions later in the week and upcoming earnings reports. Shares rose Monday in Tokyo, Sydney and Shanghai but fell in Hong Kong. (AP Photo/Eugene Hoshiko)
January 20, 2020 - 7:18 am

World shares mixed ahead of central bank decisions

TOKYO (AP) — Stock markets were trading in narrow ranges Monday as investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets will be closed in observance of the Martin Luther King Jr. holiday. In Europe, France's CAC 40 declined 0.2% to 6,089, while...
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Pedestrian stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Monday, Jan. 20, 2020. Asian shares are trading mostly higher as investors await central bank decisions later in the week and upcoming earnings reports. Shares rose Monday in Tokyo, Sydney and Shanghai but fell in Hong Kong. (AP Photo/Eugene Hoshiko)
January 20, 2020 - 3:51 am

World shares mixed ahead of central bank decisions

TOKYO (AP) — Shares were mixed in Europe and Asia on Monday investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets will be closed in observance of the Martin Luther King Jr. holiday. France's CAC 40 declined 0.3% to 6,084.84, while Germany's DAX...
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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 - 8:38 pm

Trump to nominate Shelton, Waller to Federal Reserve

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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January 16, 2020 - 7:41 pm

Trump to nominate Shelton, Waller to Federal Reserve

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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Clouds pass by the European Central Bank in Frankfurt, Germany, Thursday, Jan. 16, 2020. (AP Photo/Michael Probst)
January 16, 2020 - 9:30 am

European Central Bank sees a few upbeat signs in eurozone

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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