Tag: Banking and credit
World Bank estimates cost of rebuilding Gaza at $485M
JERUSALEM — Rebuilding Gaza after the latest devastating war between Israel and the territory's militant Hamas rulers will cost up to $485 million, the...
Europe’s central bank intensifies focus on climate change
FRANKFORT, Germany — The European Central Bank has adopted a new approach to managing the economy that would allow the bank to tolerate transitory...
Fed officials discuss timing of reducing bond purchases
WASHINGTON — Federal Reserve officials began debating at their June meeting when and how they would reduce the monthly bond purchases that they have...
Feds dropping case against former Wilmington Trust execs
DOVER, Del. — After being dealt a stunning setback by an appeals court, federal prosecutors in Delaware have declined to retry four former executives...
San Francisco Fed’s Daly: Healthy economy needs less support
WASHINGTON — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust...
Mexican migrants sent home a record $4.5 billion in May
MEXICO CITY — Mexicans living abroad sent home a record amount of money in May, topping $4.5 billion in a month for the first...
World Bank raises China growth outlook to 8.5%
BEIJING — The World Bank raised its forecast of China’s economic growth this year to 8.5% from 8.1% and said Tuesday a full recovery...
AP FACT CHECK: Biden distorts bipartisan infrastructure deal
WASHINGTON — President Joe Biden overstated the expected employment gains Tuesday in making his pitch for a bipartisan infrastructure proposal that he...
All big banks pass latest Federal Reserve ‘stress tests’
NEW YORK — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday...
Congress repeals Trump-era regulations on payday lenders
NEW YORK — Congress on Thursday overturned a set of regulations enacted in the final days of the Trump administration that effectively allowed payday...