Tuesday, August 25, 2015
Currency traders dumped the U.S. dollar Monday on the back of a global equities rout, as fears about mainland China and the global economy hammered sentiment and sent investors fleeing into safer investments.
Oil futures led a dramatic fall in commodity prices on Monday, with U.S. crude trading below US$40 a barrel as fears over mainland China's economy sent investors fleeing to safe havens like gold.
The latest manufacturing data from mainland China and the United States should be a cause for concern, especially for countries where trade remains a vital support for the economy.
Monday, August 24, 2015
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following mainland China's devaluation of the yuan and the American dollar's strength in anticipation of U.S. rate hikes.
Sierra Leone said Saturday gold exports had plunged three-fold and diamond exports nearly halved in the first half of 2015, a sign of the devastation wrought on the mining industry by the Ebola epidemic.
Sunday, August 23, 2015
U.S. share prices plunged more than 3 percent Friday as China's economic problems drove a major sell-off on Wall Street for a second day.
Saturday, August 22, 2015
Mozzarella cheese at Panera restaurants won't be as glaringly white. Banana peppers in Subway sandwiches won't be the same exact shade of yellow. Trix cereal will have two fewer colors.
Asian shares slumped on Friday, plunging deeper into the red after weak manufacturing data from mainland China fueled panic among investors over the clouding outlook for the world economy.
The U.S. dollar was under pressure against the yen and euro on Friday as confidence in the global economy headed south and hopes for a September U.S. interest rate hike faded.
Oil headed for its eighth straight weekly decline in Asia Friday, as sharp falls in equities added to worries lackluster global economic growth will hurt energy demand in an oversupplied market.