US stock markets follow global plunge as China concerns deepen
August 23, 2015
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US stock markets follow global plunge as China concerns deepen

Still, markets around the world also saw strong sell offs over the last two days.…

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Stocks post worst week in years on China fears
August 23, 2015
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Business

Stocks post worst week in years on China fears

The steep decline over two days threatens to end what has been a six-year bull…

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China’s bank calms markets
August 22, 2015
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Business

China’s bank calms markets

It has since lowered the central rate twice more, and the week’s combined drop is…

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Fears over global slowdown hammer US stocks for second day
August 22, 2015
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Business

Fears over global slowdown hammer US stocks for second day

After weak data overnight, China’s Shanghai Composite index dropped 4.27%, and ignited more selling in…

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Dow Jones loses 530 points
August 22, 2015
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Business

Dow Jones loses 530 points

A searing six-year rally in U.S. stocks had advanced into the summer months, shrugging off…

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

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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China Devalues Currency For Third Day
August 22, 2015
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Business

China Devalues Currency For Third Day

The bank described such reports as “completely baseless” as China’s export surplus is very big.

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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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