Latest Government securities News

Stocks push past latest trade-war confusion to more records

Nov. 8, 2019 4:44 PM EST

NEW YORK (AP) — The stock market capped another week of healthy gains on Friday, but it ended on more of a befuddled note than a bang as confusion about the U.S.-China trade war hung over the market. Stocks wobbled between small gains and losses through the day amid conflicting signals about the progress...

As economy slows, new ECB head Lagarde faces big challenges

Oct. 31, 2019 10:59 AM EDT

FRANKFURT, Germany (AP) — Europe's economy is losing steam. Top officials at the European Central Bank are at odds over policy. And it's even unclear whether they can do much to help anyway. It adds up to a full in-tray for Christine Lagarde as she takes over as ECB president on Friday. The former head of...

Paralyzed by protests, Lebanon's fiscal crisis worsens

Oct. 30, 2019 3:11 PM EDT

BEIRUT (AP) — Lebanese banks have been closed for the last two weeks as the government grapples with mass demonstrations that have paralyzed the country, but an even greater crisis may set in when they reopen Friday. There are concerns the government may not have enough foreign reserves to defend its...

Draghi stepped in during euro's darkest hour

Oct. 28, 2019 12:32 PM EDT

FRANKFURT, Germany (AP) — Mario Draghi leaves as head of the European Central Bank credited with having rescued the eurozone from disaster with a well-timed phrase and bold action to back up his words. He expanded the bank's arsenal of crisis-fighting tools with new and unconventional policies, measures...

'Whatever it takes:' Key moments from Draghi's time at ECB

Oct. 28, 2019 7:22 AM EDT

FRANKFURT, Germany (AP) — Here's a look at key moments and decisions from Mario Draghi's eight years at the head of the European Central Bank, the monetary authority for the 19 European Union countries that use the euro as their currency. ___ Nov. 1, 2011: Draghi takes over as European Central Bank...

Venezuela's opposition gets reprieve in battle to keep Citgo

Oct. 24, 2019 8:39 PM EDT

CARACAS, Venezuela (AP) — The White House on Thursday temporarily shielded Venezuela's opposition coalition led by Juan Guaidó from losing the country's prized U.S.-based Citgo refineries. The opposition is banking on profits from its Houston-based company to fund the crisis-torn nation's recovery...

Outgoing ECB chief defends legacy against stimulus skeptics

Oct. 24, 2019 11:14 AM EDT

FRANKFURT, Germany (AP) — Mario Draghi ended his eight-year term as head of the European Central Bank by defending his most recent stimulus package and reminding that the eurozone is now in better shape than during the days when the Greek crisis threatened to break it apart. Draghi resisted extensive...

'Whatever it takes:' Key moments from Draghi's tenure at ECB

Oct. 24, 2019 6:11 AM EDT

FRANKFURT, Germany (AP) — Here's a look at key moments and decisions from Mario Draghi's eight years at the head of the European Central Bank, the monetary authority for the 19 European Union countries that use the euro as their currency. ___ Nov. 1, 2011: Draghi takes over as European Central Bank...

Fed plans more Treasury purchases to control lending rates

Oct. 11, 2019 1:39 PM EDT

WASHINGTON (AP) — The Federal Reserve said Friday that it will buy short-term Treasury bills each month until the second quarter of 2020 to inject cash into the banking system and make it easier to control its benchmark lending rate. The action marks the Fed's latest response to a shortage of cash reserves...

China announces timetable for opening finance industries

Oct. 11, 2019 7:51 AM EDT

BEIJING (AP) — China announced a timetable Friday for carrying out a promise to allow full foreign ownership of some finance businesses, starting with futures traders on Jan. 1, as Beijing tries to make its slowing economy more competitive and efficient. Ownership limits will be ended for mutual fund...