Global market rout intensifies as Dow Jones plunges more than 530 points
August 22, 2015
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Global market rout intensifies as Dow Jones plunges more than 530 points

Companies that primarily drill for oil onshore in the U.S., such as Continental Resources, have…

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Opposition Party Given Chance To Form New Greek Government
August 22, 2015
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World

Opposition Party Given Chance To Form New Greek Government

Greek media said 25 hardline MPs together have named the new party Leiki Anotita (Popular…

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Fears over global slowdown hammer US stocks for 2nd day
August 22, 2015
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Fears over global slowdown hammer US stocks for 2nd day

Overseas stock markets’ losses just as bad, if not worse, with some indexes in China…

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Greek snap election, no surprise: European Commission
August 22, 2015
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World

Greek snap election, no surprise: European Commission

The formation of the Laiki Enotita, or Popular Unity party, was announced by 25 Syriza…

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Global Manufacturing Stalls — Economic News
August 22, 2015
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World

Global Manufacturing Stalls — Economic News

The US markets plunged on Friday, as fears about China’s economy and global growth spurred…

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Asian shares slide; dollar loses edge on Fed minutes
August 22, 2015
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Business

Asian shares slide; dollar loses edge on Fed minutes

According to 77% of economists in a Bloomberg survey taken August 7-12, the Fed will…

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Yuan devaluation impacting China diamond market
August 22, 2015
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Business

Yuan devaluation impacting China diamond market

The mismatch between their foreign currency liabilities and yuan-denominated revenues means interest expenses and principal…

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International Monetary Fund Will Not Include Yuan in Reserve Currency Basket Until October 2016
August 22, 2015
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Business

International Monetary Fund Will Not Include Yuan in Reserve Currency Basket Until October 2016

Global markets spun into turmoil, even though the yuan stabilized. China strictly controls its currency…

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Dow plunges 530 points as market woes continue
August 22, 2015
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Business

Dow plunges 530 points as market woes continue

World stock markets tumbled towards their worst week of the year and commodities got another…

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Economic growth in the eurozone disappoints
August 22, 2015
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Business

Economic growth in the eurozone disappoints

According to figures published by the European Union’s statistics office in its first estimate, GDP…

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