Financial services

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 1, 2020. Shares have dropped in Asia after Wall Street ended its best month in 33 years with losses on fresh news of economic carnage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
April 30, 2020 - 11:35 pm
Shares fell in Asia on Friday after a crush of dismal data about the economy helped send markets lower overnight in a meek ending to a historic, juggernaut month for stocks. Most regional markets were closed for May Day holidays. But Japan's Nikkei 225 index slipped 2.3% to 19,730.41 while the S...
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In this Wednesday, April 29, 2020 photo a man walks in front of the European Central Bank in Frankfurt, Germany. The European economy shrank by 3.8% in the first quarter, the most since records began, as business activity was frozen by shutdowns aimed at preventing the spread of the coronavirus. It was the biggest drop since statistics started in 1995 and bigger than the plunge in the midst of the global financial crisis in the first quarter of 2009 after the bankruptcy of U.S. investment bank Lehman Brothers. (AP Photo/Michael Probst)
1010 WINS Newsroom
April 30, 2020 - 8:29 am
FRANKFURT, Germany (AP) — The European Central Bank is stepping up its measures to cushion the economy against a record downturn caused by the lockdowns on business due to the virus outbreak, offering large helpings of cheap credit to banks in hopes it will be passed on to struggling businesses...
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FILE - In this April 28, 2020 file photo, a closed sign is posted at a restaurant along the River Walk in San Antonio. Banks are reporting a little more success in getting small business owners’ applications for coronavirus relief loans into government processing systems. Bank industry groups says changes the Small Business Administration made in its procedures apparently are helping lenders trying to submit thousands of applications for $310 billion in loans. (AP Photo/Eric Gay, File)
1010 WINS Newsroom
April 29, 2020 - 7:40 pm
NEW YORK (AP) — The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday after the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders. The step was being taken to ensure...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve said Friday, April 24, it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)
1010 WINS Newsroom
April 29, 2020 - 6:05 pm
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity...
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FILE - In this April 23, 2020 file photo, a sign is posted on a closed store in North Miami, Fla. Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration. Banking industry groups say the SBA’s loan processing system is still unable to handle the volume of loan applications from business owners trying to get aid under the Paychceck Protection Program, part of the government’s $2 trillion coronavirus aid program.(AP Photo/Wilfredo Lee, File)
1010 WINS Newsroom
April 28, 2020 - 6:35 pm
NEW YORK (AP) — The government says it has approved an additional $50 billion in loans to small businesses, although banks are complaining that a bottleneck at the Small Business Administration is severely slowing the process. Banking industry groups said Tuesday that the SBA’s loan processing...
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A Lebanese policeman gestures to firefighters as they extinguish a police car that was set on fire by anti-government protesters, in the northern city of Tripoli, Lebanon, Tuesday, April 28, 2020. Hundreds of angry Lebanese took part Tuesday in the funeral of a young man killed in riots overnight in Tripoli that were triggered by the crash of Lebanon's national currency that sent food prices soaring. (AP Photo/Bilal Hussein)
1010 WINS Newsroom
April 28, 2020 - 5:38 pm
TRIPOLI, Lebanon (AP) — Hundreds of protesters in Lebanon's northern city of Tripoli clashed with troops until late Tuesday night leaving several injured on both sides in some of the most serious riots triggered by an economic crisis spiraling out of control amid a weeks-long virus lockdown. After...
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In this photo taken on Friday, Jan. 17, 2020, Russian Foreign Minister Sergey Lavrov, speaks during a news conference in Moscow, Russia. Russia's foreign minister has angrily rejected Western claims that Moscow is using the coronavirus crisis to expand its political influence. Foreign Minister Sergey Lavrov said Tuesday, April 14 that suggestions from some in the West that Russia had opaque motives for helping Italy respond to the virus resulted from "Russophobia." (AP Photo/Alexander Zemlianichenko)
1010 WINS Newsroom
April 28, 2020 - 11:09 am
MOSCOW (AP) — The New Development Bank will allocate up to $15 billion for loans to help the so-called BRICS nations - Brazil, Russia, India, China and South Africa - boost their economies amid the coronavirus pandemic, Russia's foreign minister said Tuesday. “We believe that it should become a...
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FILE - In this Feb. 27, 2020, file photo, a woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong. Asian shares are mixed Tuesday, April 28, as governments inch toward letting businesses reopen and central banks step in to provide cash to economies. (AP Photo/Kin Cheung, File)
1010 WINS Newsroom
April 27, 2020 - 11:11 pm
TOKYO (AP) — Asian shares are mixed Tuesday as governments inch toward letting businesses reopen and central banks step in to provide cash to economies. Japan's benchmark Nikkei 225 lost earlier gains, dipping 0.4% to 19,706.19. South Korea's Kospi stood virtually unchanged, inching down less than...
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FILE - In this Jan. 24, 2019 file photo, the Supreme Court is seen at sunset in Washington. The Supreme Court has ruled that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama. The justices voted 8-1 Monday in holding that insurers are entitled to the money under a provision of the “Obamacare” health law that promised the companies a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law. (AP Photo/J. Scott Applewhite)
1010 WINS Newsroom
April 27, 2020 - 12:46 pm
WASHINGTON (AP) — The Supreme Court ruled Monday that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama. Insurers are entitled to the money under a provision of the “Obamacare...
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FILE - In this March 16, 2020, file photo, Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo. Japan’s central bank on Monday, April 27, 2020, announced it is making it easier for cash-strapped companies to get funding in response to the growing economic damage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)
1010 WINS Newsroom
April 27, 2020 - 12:22 am
TOKYO (AP) — Japan’s central bank is making it easier for cash-strapped companies to get funding in response to the growing economic devastation from the coronavirus pandemic. The Bank of Japan decided at a meeting Monday to ease monetary policy, including expanding the purchase of commercial...
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