Buffett spends $32 billion in buyout of Precision Castparts
August 13, 2015
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Business

Buffett spends $32 billion in buyout of Precision Castparts

Stocks got a boost before the market opened with news that Buffett’s Berkshire Hathaway agreed…

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Interest rate under spotlight on Bank ‘Super Thursday’
August 13, 2015
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Business

Interest rate under spotlight on Bank ‘Super Thursday’

On Thursday, only one member of the Monetary Policy Committee, a BoE panel which determines…

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Yuan falls to 4-year low in Wednesday trading
August 13, 2015
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Business

Yuan falls to 4-year low in Wednesday trading

PBoC’s Deputy Governor Yi also said there was “no basis for a persistent weakening in…

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China rushes to calm fears over plunging yuan
August 13, 2015
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Business

China rushes to calm fears over plunging yuan

“This action is both an endeavour to make the yuan more plausible, credible candidate to…

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China central bank says no basis for further yuan depreciation, will monitor
August 13, 2015
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Business

China central bank says no basis for further yuan depreciation, will monitor

Mumbai, August 12: China’s move to devalue its currency took its toll on the rupee…

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Dow Jones Industrial Average Tumbles 200 Points After Yuan Extends Slide
August 13, 2015
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Business

Dow Jones Industrial Average Tumbles 200 Points After Yuan Extends Slide

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc…

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Oil futures trim gains after smaller-than-expected fall in inventory
August 12, 2015
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Business

Oil futures trim gains after smaller-than-expected fall in inventory

On the New York Mercantile Exchange, West Texas Intermediate futures were flirting with $US45 a…

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Vietnam doubles currency band after China devaluation
August 12, 2015
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Business

Vietnam doubles currency band after China devaluation

In the first reaction from the Obama administration to the People’s Bank of China’s almost…

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China’s currency reforms are a good thing
August 12, 2015
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Business

China’s currency reforms are a good thing

The central parity rate of the Chinese currency renminbi (yuan), weakened by 1,008 basis points…

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Gold up on weaker dollar
August 12, 2015
Permalink
World

Gold up on weaker dollar

Gold has been in a persistent decline since late 2011, which is when investors last…

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