Latest Central banking News

Lebanon's Central Bank tries to calm nerves amid crisis

Nov. 11, 2019 8:21 AM EST

BEIRUT (AP) — The governor of Lebanon's Central Bank sought to calm nerves on Monday amid a worsening economic and financial crisis, pledging to work on safeguarding the stability of the national currency and protecting bank deposits. Riad Salameh told reporters at a packed press conference that the bank...

Bank of England warns over global economic hit to UK

Nov. 7, 2019 9:53 AM EST

LONDON (AP) — The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in the run-up to a general election that could have huge repercussions on Brexit. Though waning fears of a...

Global stocks higher as investors monitor US-China talks

Nov. 6, 2019 7:40 AM EST

BEIJING (AP) — Global stock markets mostly rose on Wednesday as investors assessed developments in U.S.-Chinese trade talks following reports Beijing wants Washington to lift punitive tariffs. Markets rose in much of Europe, as they did in Japan, while the Shanghai index declined and Hong Kong's was flat....

Asia stocks mixed on possible US-China trade snag

Nov. 5, 2019 11:47 PM EST

BEIJING (AP) — Asian stock markets were mixed Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs. Shanghai and Sydney declined while Tokyo and Hong Kong advanced. Beijing wants 15% tariffs imposed in...

Liz Weston: Speedier payment systems could curb your costs

Nov. 4, 2019 7:25 AM EST

Here's an illustration of the many ways slow payment systems can inconvenience you and cost you money. Let's say Homer is two days from payday. The family checking account at First Bank of Springfield is on fumes. There's just enough in the account, Homer thinks, to gas up his Plymouth sedan and buy Bart a...

How major US stock indexes fared Friday

Nov. 1, 2019 4:33 PM EDT

Stocks powered to records Friday after a surprisingly strong jobs report gave reassurance that the economy is still solid, despite the pain U.S. factories are feeling from President Donald Trump's trade war. The economic reports solidified Wall Street's view that the economy is nestled in a sweet spot for...

Stocks hit records as strong jobs report calms trade worries

Nov. 1, 2019 4:30 PM EDT

NEW YORK (AP) — Stocks powered to records Friday after an encouraging jobs report gave reassurance that the economy is still solid, despite the pain U.S. factories are feeling from President Donald Trump's trade war. The Labor Department's report showed that employers added more jobs in October than...

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...

Global stocks slip on weak economic data

Oct. 31, 2019 10:16 AM EDT

BEIJING (AP) — Stock markets drifted lower Thursday as new economic data showed a slowdown in Europe and Asia amid concerns about the state of trade talks between the U.S. and China. Shares in Asia finished mostly higher while Wall Street was heading for a lower open, one day after the Fed cut interest...

Eurozone economy grows at modest pact in third quarter

Oct. 31, 2019 7:20 AM EDT

FRANKFURT, Germany (AP) — The 19-country eurozone economy grew at a subdued pace in the third quarter, continuing a shaky upswing amid trade disputes and uncertainty over Brexit. At the same time, weaker inflation figures cast a shadow over the outlook and presented a challenge for the new president of the...