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Banking And Credit

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ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the surprise appointment of a new governor that shook confidence in the country's economy.

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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday defended the Fed's increasing scrutiny of the threat that climate change could pose to the health of the nation's banks, after some Republican members of Congress had complained that by doing so the Fed was overstepping its mandate.

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WASHINGTON (AP) — Top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field, which lessens the perspectives that economists can bring to key policy issues.

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WASHINGTON (AP) — U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped 2.6%. The big gains had been anticipated and are largely expected to be a temporary blip rather than a reawakening of long dormant inflation.

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday that an uneven vaccine distribution would derail the region's rebound, as the prospects of rich and poor countries diverge.

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WASHINGTON (AP) — The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic.

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WASHINGTON (AP) — Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support to vulnerable countries struggling to deal with a global pandemic.

BISMARCK, N.D. (AP) — The North Dakota House agreed Wednesday to fund a rail spur to help a troubled shipping center in Minot, but balked at giving more than $8 million in taxpayer money to bail out a trio of banks — including one owned by Republican U.S. Sen. John Hoeven -- that obtained the facility through foreclosure.

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WASHINGTON (AP) — Federal Reserve officials were encouraged last month by evidence the U.S. economy was picking up, but they showed no sign of moving closer to ending their bond purchases or lifting their benchmark short-term interest rate from nearly zero.

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WASHINGTON (AP) — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast.

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BISMARCK, N.D. (AP) — Budget writers in the Republican-controlled North Dakota House want to derail legislation to save a troubled shipping facility, after criticism that the move was a bailout for banks, including one owned by GOP U.S. Sen. John Hoeven.

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