Shanghai index plunges more than 6 percent
August 18, 2015
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Shanghai index plunges more than 6 percent

Chinese stocks earlier plunged on concerns that companies may pull more money out of China…

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Currency war fears ease; oil hits six-year low
August 18, 2015
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Business

Currency war fears ease; oil hits six-year low

If it sets Friday’s mid-point below Thursday’s level, at 6.4010 to the dollar, it could…

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Tianjin blast death toll rises to 85, residents evacuated from nearby
August 18, 2015
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Tianjin blast death toll rises to 85, residents evacuated from nearby

The environmental group Greenpeace, citing a local monitoring station, said it believed other dangerous chemicals…

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Yuan opens weaker, but stronger than central bank midpoint
August 18, 2015
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Yuan opens weaker, but stronger than central bank midpoint

That has put the market focus back on a looming US rates increase. The complex…

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Chinese Port Explosions: Death Toll Rises As Investigation Continues
August 18, 2015
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Chinese Port Explosions: Death Toll Rises As Investigation Continues

Chinese media is reported a second wave of explosions has rocked the city of Tianjin…

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Many factors at play in the devaluation of yuan
August 18, 2015
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Business

Many factors at play in the devaluation of yuan

The central parity rate for Thursday was fixed at 6.4010, which was lower by 1.1…

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Gold struggles as US rate hike looms
August 18, 2015
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World

Gold struggles as US rate hike looms

Speaking of the surging U.S. dollar, prominent Canadian economist David Rosenberg recently noted that the…

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Most Chinese Stocks Decline After Index Rises to Three-Week High
August 18, 2015
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Business

Most Chinese Stocks Decline After Index Rises to Three-Week High

China’s main stock index remained relatively resilient through the volatility that followed the yuan’s devaluation,…

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[Editorial] Devaluation of yuan
August 18, 2015
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Business

[Editorial] Devaluation of yuan

To express its commitment to the transformation of China’s economy, the Xi Jinping administration went…

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Yuan Halts Three-Day Slide as PBOC Reference Rate Strengthens
August 17, 2015
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Business

Yuan Halts Three-Day Slide as PBOC Reference Rate Strengthens

It finished the week at 6.3918 yuan per dollar, 0.1% stronger than the fixing of…

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