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Central banking

National security adviser John Bolton gestures while discussing administration new policy during a speech, Wednesday, April 17, 2019, in Coral Gables, Fla., at the Bay of Pigs Veterans Association on the 58th anniversary of the United States' failed 1961 invasion of the island, an attempt to overthrow the Cuban government. The Trump administration on Wednesday intensified its crackdown on Cuba, Nicaragua and Venezuela, rolling back Obama administration policy and announcing new restrictions and sanctions against the three countries whose leaders national security adviser John Bolton dubbed the "three stooges of socialism." (AP Photo/Wilfredo Lee)
April 17, 2019 - 3:28 pm

The Latest: US sanctions on Venezuelan bank aimed at Maduro

WASHINGTON (AP) — The Latest on the Trump administration's position on Cuba (all times local): 2:15 p.m. The U.S. says it's imposing sanctions on the Central Bank of Venezuela. The Trump administration says the bank has been instrumental in propping up the government of Venezuela's president,...
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FILE - In this March 26, 2019 file photo, an evening commuter is silhouetted against the glistening New York City skyline at sunset as he walks along Hudson River shoreline in Jersey City, N.J. On Wednesday, April 17, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/J. David Ake, File)
April 17, 2019 - 2:45 pm

Fed sees moderate growth but problems in trade and floods

WASHINGTON (AP) — The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest. In its latest report on economic conditions around the country, the Fed said that some...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, April 15, 2019. Asian markets were broadly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. (AP Photo/Vincent Yu)
April 15, 2019 - 11:00 pm

Asian shares mixed after lackluster Wall Street session

TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news. The Nikkei 225 index added 0.2% to 22,208.70. China's Shanghai Composite index lost 0.6% to 3,158.76 and the Hang Seng index in Hong Kong lost 0.3% to 29,736.05. South Korea's...
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File-This April 9, 2019, file photo shows Treasury Secretary Steven Mnuchin testifying before a House Appropriations subcommittee during a hearing on President Trump's budget request for Fiscal Year 2020, in Washington. Mnuchin said Monday, April 15, 2019, that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed. Mnuchin was asked about Trump’s tweet Sunday that if the Fed had done its job properly, the stock market would be 5,000 to 10,000 points higher and overall growth would have been “well over” 4% last year instead of 3%. (AP Photo/Patrick Semansky, File)
April 15, 2019 - 4:57 pm

Mnuchin says Fed independence is important globally

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve's independence is important globally, while refusing to comment on President Donald Trump's latest attack on the Fed. Mnuchin was asked about Trump's tweet Sunday that if the Fed had done its job properly, the...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, April 15, 2019. Asian markets were broadly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. (AP Photo/Vincent Yu)
April 15, 2019 - 4:39 pm

S&P 500 falls to rare loss, hurt by weak bank stocks

NEW YORK (AP) — U.S. stock indexes edged lower on Monday, pulled down by sinking bank stocks, and the S&P 500 fell for just the third time in the last three weeks. Goldman Sachs recorded one of the largest losses in the S&P 500 after describing a "muted start to the year," even though its...
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International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 14, 2019 - 12:44 am

Finance officials pledge cooperation, but tensions persist

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation...
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International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 13, 2019 - 4:30 pm

Global finance officials pledge to tackle economic slowdown

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out its current slowdown, but tensions persist on a number of fronts between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of...
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International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 13, 2019 - 1:42 pm

Global finance officials pledge to tackle economic slowdown

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out its current slowdown, but tensions persist on a number of fronts between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of...
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World Bank President David Malpas, left, speaks with Treasury Secretary Steven Mnuchin during a group photo of the G20 Finance Minister and Central Bank Governors at the World Bank/IMF Spring Meetings in Washington, Friday, April 12, 2019. (AP Photo/Jose Luis Magana)
April 13, 2019 - 12:43 am

G-20 chiefs: World economic growth to revive later this year

WASHINGTON (AP) — The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world's central banks and from U.S. and Chinese trade negotiators. Global finance leaders gathered from the spring meetings of the International Monetary Fund and the...
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April 13, 2019 - 12:38 am

G-20 chiefs: World economic growth to revive later this year

WASHINGTON (AP) — The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world's central banks and from U.S. and Chinese trade negotiators. Global finance leaders gathered from the spring meetings of the International Monetary Fund and the...
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