Financial Services

Trump Fed nominee Shelton promises 'intellectual diversity'

Feb 13, 2020

President Donald Trump's nominee to the Federal Reserve touted her credentials in written testimony Thursday and said she would “work collegially” if approved

Bank of Mexico lowers interest rate to 7.25%, cites concerns

Dec 19, 2019

Mexico’s central bank has lowered its benchmark interest rate by a quarter-point to 7.25%

Draghi stepped in during euro's darkest hour

Oct 28, 2019

Mario Draghi is widely credited with rescuing one of the Europe Union's most precious projects _ its 20-year-old single currency _ from disaster with a well-timed phrase and actions to back up his words

The Latest: Draghi says his legacy not dented by criticism

Oct 24, 2019

As he winds up his eight-year term, European Central Bank President Mario Draghi says his legacy isn't dented by the unusual public criticism by some ECB officials of a key part the bank's last stimulus package

Zuckerberg appears in Congress as Facebook faces scrutiny

Oct 23, 2019

Facebook CEO Mark Zuckerberg is appearing before Congress to defend the tech giant's global ambitions as scrutiny tightens over its massive market power, privacy lapses and tolerance of speech deemed false or hateful

JPMorgan Chase 3Q profits up 8% but loan growth slows

Oct 15, 2019

JPMorgan Chase 3Q profits rise by 8% from a year earlier, beating analysts' expectations, helped partly by higher interest rates

Fed's odd dilemma: Low unemployment but pressure to do more

Oct 8, 2019

The Fed's odd dilemma: Ultra-low unemployment and inflation but pressure to do more

AP FACT CHECK: Trump's fact-challenged week over impeachment

Oct 5, 2019

AP FACT CHECK: Facts are getting lost as Trump turns to a familiar playbook to defend against an impeachment inquiry

India's central bank cuts key interest rate for fifth time

Oct 4, 2019

India's central bank has cut its key interest by a quarter of a percentage point to 5.15%, a fifth consecutive reduction, and has also lowered its economic growth forecast for the 2019-2020 financial year to 6.1% from 6.9% projected earlier

China central bank says no plans for big economic stimulus

Sep 24, 2019

China's central banker: Policy will be 'stable and healthy,' suggesting no plans to join US, Europe in rate cut

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