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News & Updates
January 8, 2016 Chinese Imports Just Doomed Another 1,200 Jobs at AlcoaSource: Fortune
Alcoa Inc. ( AA -3.95% ) is to close the biggest active aluminum smelter in the U.S., succumbing to the flood of cheap exports from China that has trashed prices for the metal.
January 8, 2016 Global stocks, oil stabilize after new year nightmareSource: Reuters
Gains by Chinese stocks, a steadier yuan and a recovery in oil prices helped calm frazzled investors on Friday, just in time for the first U.S. payrolls report of the year.
January 7, 2016 World Bank Cuts Global Growth ForecastsSource: Bloomberg
The global economy will sputter along this year as China’s slowdown prolongs a commodity slump and contractions endure in Brazil and Russia, the World Bank said
January 7, 2016 World stocks slide as China trading halted after plungeSource: Washington Post
HONG KONG — Chinese stocks nosedived Thursday, triggering their second daylong trading halt this week and sending share markets, Asian currencies and oil prices lower as investor jitters rippled across the globe.
January 7, 2016 Britain's Cameron in Germany to Pursue Quest for EU ChangesSource: NY Times
BERLIN — British Prime Minister David Cameron sought to push forward his campaign for changes to the European Union during a visit to Germany Thursday, arguing that his proposals would benefit the EU as well as Britain.
Source: LA Times
For the second time in less than six months, concerns about China’s rocky transition from an export-fueled industrial nation to a more mature developed economy have rattled global financial markets.
January 6, 2016 Dow trims losses, sheds 276 after earlier freefallSource: USA Today
Stocks around the world plunged on the first trading day of 2016, with the Dow diving 470 points in intraday trading before moderating its losses amid fresh signs of slowing growth in China, the world's second-biggest economy.
January 4, 2016 China’s Economy Starts 2016 at Slowest Pace in YearsSource: NY Times
China, the world’s second-largest economy, looked set for a weak start to 2016 after activity in the manufacturing sector contracted for a fifth straight month in December, suggesting the government may have to step up policy...
December 31, 2015 Five countries crushed by oil price collapse
Forex Street - Countries that produce the world's crude are getting crushed by low prices. Huge budget surpluses are turning into deficits, and generous social programs are being replaced with austerity and cuts. Oil has...
December 31, 2015 Will the ASEAN Economic Community be a bang or a bust?Source: CNBC
The ASEAN Economic Community (AEC) will come into effect Thursday and holds immense potential for the region. However, the full-scale of implementation is far from complete
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