Fed Inching Toward Rate Hike
August 22, 2015
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Business

Fed Inching Toward Rate Hike

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

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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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US crude prices fall towards US$40 on global glut
August 22, 2015
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Business

US crude prices fall towards US$40 on global glut

Benchmark West Texas Intermediate Crude is priced at around $40 a barrel, while Brent is…

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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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US oil falls towards $40 on global glut
August 22, 2015
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Business

US oil falls towards $40 on global glut

Crude oil prices dropped sharply in Asia on Thursday as oversupply in the U.S. and…

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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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Worst Trading Day of 2015
August 21, 2015
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World

Worst Trading Day of 2015

“Investors are wondering if growth isn’t coming from the U.S. or China, where is it…

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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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