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News & Updates
August 13, 2015 Oil price slump weighs on Gulf Arab Islamic banks: report
Xinhua News Agency - DUBAI, Aug. 12 (Xinhua) -- Rating agency îStandard and Poor'sî said here on Wednesday Islamic banks in the Gulf region face a gradually weakening operating outlook in the rest of this year and the...
August 13, 2015 China central bank tries to soothe global markets, says no reason for yuan to fall furtherSource: Reuters
China's central bank said on Thursday there was no reason for the yuan to fall further given the country's strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the...
August 13, 2015 Europe open: Stocks rebound from China-fuelled losses
IFA Magazine - At 0850 BST, the benchmark îStoxxî Europe 600 index was up 1.6%, Franceâs CAC 40 was 1.7% higher and Germanyâs DAX was up 1.3%. âA late and sharp reversal in US stocks yesterday...
August 12, 2015 Share Sell-Off Intensifies as China Currency Weakens FurtherSource: NY Times
TOKYO — Shares sank Wednesday as China let its currency fall for a second day following a surprise devaluation that rattled global financial markets.
August 12, 2015 U.S. productivity rises in second quarter, but trend still softSource: Reuters
U.S. non farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated.
August 12, 2015 India seeks $99 million in damages from Nestle after food scareSource: Reuters
The Indian government has filed a class action suit for 6.4 billion rupees ($99 million) against Nestle’s Indian unit on behalf of the country’s consumers, citing unfair trade practices and the sale of defective goods
August 12, 2015 Google's Alphabet is Silicon Valley's new Alpha BetSource: Fortune
As the name implies, it could be anything and everything, but Alphabet is a major something in the evolution of Google.
August 12, 2015 Asian Shares: Weaker Yuan Drives Down Asian Stocks, Currencies
NASDAQ - The pan-European îStoxxî Europe 600 index fell 2.0% in early trade, dragged down by exporters and commodity-linked companies that are sensitive to demand from China. Within Asia, stocks in Hong Kong suffered...
August 11, 2015 Greece says bailout deal broadly agreedSource: BBC News
Greece says it has broadly agreed the substance of a bailout deal with its creditors, according to Greece's finance minister Euclid Tsakalotos.
August 11, 2015 For Norway, Oil at $50 Is Worse Than the Global Financial CrisisSource: Bloomberg
When the financial crisis brought the global economy to its knees, Norway was largely unscathed. But oil under $50? That's another story.
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