BHP posts 86 percent profit drop as commodity prices tumble
August 26, 2015
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Business

BHP posts 86 percent profit drop as commodity prices tumble

Last week, mining and commodities giant Glencore said profit fell after demand from China had…

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China Cuts Interest Rates on Deposits and Loans to Boost Spending
August 26, 2015
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Business

China Cuts Interest Rates on Deposits and Loans to Boost Spending

Investors on Monday had been reacting to the latest stock market rout in China.

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China cuts interest rates to halt stock market crash
August 26, 2015
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Business

China cuts interest rates to halt stock market crash

The benchmark one-year lending rate was cut to 4.6% and the deposit rate was slashed…

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Chinese and Hong Kong shares crawl up after mauling this week
August 26, 2015
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Business

Chinese and Hong Kong shares crawl up after mauling this week

The Hang Seng China Enterprises Index lost 0.9 per cent to close at its lowest…

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Wall Street set to rally after Chinese rate cut
August 26, 2015
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Business

Wall Street set to rally after Chinese rate cut

Stock markets soared out of the gate on Tuesday after China slashed interest rates, but…

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Asian shares bounce back from 2-year lows, dollar firm
August 26, 2015
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Business

Asian shares bounce back from 2-year lows, dollar firm

Property stocks aided yesterday’s turnaround, with the CSI China mainland real estate index rising 2.2…

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Dow shoots up 300+ at opening bell Tuesday
August 26, 2015
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Business

Dow shoots up 300+ at opening bell Tuesday

Even with Tuesday’s gains, the Dow and the S&P were on track for the their…

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Stock market wealth crashes below Rs 100-trillion mark
August 26, 2015
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Business

Stock market wealth crashes below Rs 100-trillion mark

Crucial standard indices in Asia, Singapore Korea were down to 4.60 percent. The market breadth…

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FTSE 100 loses £74bn amid China markets woe
August 26, 2015
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Business

FTSE 100 loses £74bn amid China markets woe

In Asia, the Shanghai Composite Index slid 8.5% and Hong Kong’s Hang Seng Index fell…

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China lowers interest rates
August 26, 2015
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World

China lowers interest rates