Stock market endures worst day in 18 months
August 21, 2015
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Business

Stock market endures worst day in 18 months

Macroeconomic pressures including oil price losses were the main market drivers forcing the indexes lower…

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How the Dow Jones industrial average fared on Thursday
August 21, 2015
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Business

How the Dow Jones industrial average fared on Thursday

Wall Street took a pounding overnight, as investors panicked about how a deceleration in the…

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Shanghai index leads markets lower as China worries remain
August 19, 2015
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World

Shanghai index leads markets lower as China worries remain

Shares of importers and firms with high U.S. dollar-denominated debt have been under pressure following…

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China Devalues the Yuan for a Second Consecutive Day
August 18, 2015
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Business

China Devalues the Yuan for a Second Consecutive Day

“The late rout in Chinese stocks appears to have knocked sentiment in Europe this morning”.

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

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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UK prime minister: Britain ‘generous’ in granting asylum
August 18, 2015
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World

UK prime minister: Britain ‘generous’ in granting asylum

“I was explaining that there are a large number of people crossing the Mediterranean and…

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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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Dollar ticks up as China stops guiding yuan lower
August 16, 2015
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Business

Dollar ticks up as China stops guiding yuan lower

The Chinese central bank’s “opaque communications policy may well have led to panic over-selling earlier…

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China Central Bank Says Yuan Should not Fall Further
August 15, 2015
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Business

China Central Bank Says Yuan Should not Fall Further

The move surprised the market and prompted the lowest valuation of the yuan since October…

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Yuan devaluation is not to boost export: PBOC
August 15, 2015
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Business

Yuan devaluation is not to boost export: PBOC

On Tuesday, the PBOC cut the yuan’s reference rate against the U.S. dollar by nearly…

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