China Factory Activity Falls to Six Year Low
August 22, 2015
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Business

China Factory Activity Falls to Six Year Low

A reading above 50 indicates expansion from the previous month, while a reading below 50…

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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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Here’s How New Rate Hike Predictions Are Affecting The Market
August 22, 2015
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Business

Here’s How New Rate Hike Predictions Are Affecting The Market

“The reason behind the Fed not raising rates is due to problems in the emerging…

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People’s Bank of China (PBOC) sets yuan reference rate at 6.3915
August 21, 2015
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Business

People’s Bank of China (PBOC) sets yuan reference rate at 6.3915

The People’s Bank of China (PBOC), the central bank, pumped 120 billion yuan (18 billion…

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Gold up ahead of Fed minutes release
August 21, 2015
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Business

Gold up ahead of Fed minutes release

Flight To Safety Sends Gold Up To 4-Week High
August 21, 2015
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Business

Flight To Safety Sends Gold Up To 4-Week High

Although agreeing that the economy was nearing a point where rates should move higher, Fed…

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