Central banking

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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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 - 6:03 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to announce new measures to cushion the economy against the disruption from the virus outbreak when its top officials meet Thursday. The central bank for the 19 countries that use the euro could lower a key interest rate farther below...
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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 - 5:15 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to announce Thursday new measures to cushion the economy against the disruption from the virus outbreak. The central bank for the 19 countries that use the euro could lower a key interest rate farther below zero, ease access to cheap...
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Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange, Wednesday, March 11, 2020. Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus. (AP Photo/Richard Drew)
March 12, 2020 - 2:35 am
TOKYO (AP) — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan's benchmark Nikkei 225 dived 4.4% to 18,559.63. Australia's S&P/ASX 200 dropped 7.4% to 5,304.60. South Korea's Kospi dipped 4.7% to 1,817.87...
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Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange, Wednesday, March 11, 2020. Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus. (AP Photo/Richard Drew)
March 11, 2020 - 11:52 pm
TOKYO (AP) — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan's benchmark Nikkei 225 dived 4.2% in morning trading to 18,591.01. Australia's S&P/ASX 200 dropped 5.3% to 5,420.70. South Korea's Kospi dipped 3...
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FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. (AP Photo/Mark Lennihan, File)
March 11, 2020 - 3:48 pm
NEW YORK (AP) — Stocks are falling sharply on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. The Dow Jones Industrial Average dropped 1,300 points, or 5.5% in late trading. The Dow has now fallen 20% from its recent highs, and the broader S&...
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FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. (AP Photo/Mark Lennihan, File)
March 11, 2020 - 3:19 pm
NEW YORK (AP) — Stocks are falling sharply on Wall Street as fears of economic fallout from the coronavirus outbreak grip markets again. The Dow Jones industrials dropped 1,600 points, or 6.7% in late trading Wednesday. Both the Dow and the broader S&P 500 have now fallen roughly 20% from their...
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FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. (AP Photo/Mark Lennihan, File)
March 11, 2020 - 1:07 pm
NEW YORK (AP) — Stocks are falling sharply again Wednesday, wiping out virtually all of a huge rally from a day earlier as Wall Street continues to reel from worries about the coronavirus. The losses deepened after global authorities declared the coronavrius crisis a pandemic. Another big central...
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Britain's Chancellor of the Exchequer Rishi Sunak, centre, stands outside No 11 Downing Street and holds up the traditional red box that contains the budget speech for the media, he will then leave to make budget speech to House of Commons, in London, Wednesday, March 11, 2020. Britain's Chancellor of the Exchequer Rishi Sunak will announce the first budget since Britain left the European Union. Sunak is flanked by his team of treasury ministers . (AP Photo/Frank Augstein)
March 11, 2020 - 11:03 am
LONDON (AP) — Britain took dramatic steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) package of measures to keep individuals and businesses afloat and the Bank of England slashed its key interest rate to a...
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FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. (AP Photo/Mark Lennihan, File)
March 11, 2020 - 9:59 am
NEW YORK (AP) — Stocks are sinking again Wednesday, wiping out more than half of a huge rally from a day earlier as Wall Street continues to be hit by wild swings. Another big central bank made an emergency cut to interest rates in hopes of blunting the economic pain caused by the coronavirus,...
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