Latest Financial crisis News
Fed announces plans to provide more support for repo market
WASHINGTON (AP) — The Federal Reserve will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks. The New York Federal Reserve Bank, which handles the central bank's interactions with financial markets, said Friday that it will offer daily repurchase, or "repo,"...
French president says committed to helping Lebanon's economy
PARIS (AP) — France's president says Paris "is fully committed" to implementing the decisions taken during a conference last year to help Lebanon improve its economy. Emmanuel Macron made his comments Friday while receiving Lebanese Prime Minister Saad Hariri, who is on an official visit to Paris seeking...
Global stocks ending action-packed week solidly
LONDON (AP) — Global stock markets traded in fairly narrow ranges on Friday at the end of a fairly eventful week that saw oil prices spike sharply after attacks on Saudi oil facilities and the Federal Reserve cut interest rates again. Though oil prices are up strongly on the week, there's been an element...
Asian shares mostly higher as China cuts loan rate
BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....
Fed rushes to plug cash shortage in short-term loan market
WASHINGTON (AP) — A peculiar thing is happening in financial markets this week: an oft-overlooked corner of Wall Street where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion over the...
Japan central bank stands pat after Fed rate cut
TOKYO (AP) — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been affected by...
What the Fed's rate cut means for you
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. And as the key rate creeps closer to zero,...
Editorials from around Ohio
Recent editorials of statewide and national interest from Ohio newspapers: Parental behavior threatens high school sports The Canton Repository Sept. 15 Which highly successful high school coach will be the next to say, "I'm done. I've had enough of parents."? Equally as possible: Which coach, no matter the level...
WVa private college to reinstate academic, athletic programs
WHEELING, W.Va. (AP) — A private West Virginia university will reinstate several academic and athletic programs that were dropped amid a financial crisis. Wheeling University says in a statement that starting in January, it will resume offering majors in biology, engineering science and English. It also...
OPEC, allies weigh further oil production cut in December
ABU DHABI, United Arab Emirates (AP) — OPEC and its non-cartel allies on Thursday discussed further cuts to oil production and the possibility of Iran re-entering the global market but said that any decision would have to wait for a meeting in December. Global oil prices fell on the news as forecasts...
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