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Monday, August 24, 2015
Emerging markets let currencies slide to stay competitive
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
Dow falls 530.94 points in China-led rout
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.
Foods taking on new hues without artificial dyes
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.
Friday, August 21, 2015
Another sell-off in Chinese stocks spread to global markets Thursday.
Oil prices in New York sagged to a new six-and-a-half year low Wednesday following data showing an increase in U.S. petroleum stocks.
The U.S. dollar was under pressure against the yen and euro in Asia Thursday after surprisingly bearish minutes from the U.S. Federal Reserve's last meeting dampened hopes for an imminent interest rate hike.
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