Category Archives: Finance

22Sep/15

Volkswagen shares plunge on emissions scandal, U.S. widens probe

Volkswagen shares plunge nearly 20 percent after the German carmaker admitted it had rigged emissions tests of diesel-powered vehicles in the United States, and U.S. authorities said they would widen their probe to other automakers.

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07Sep/15

Glencore to suspend dividend, sell new shares to cut debt

Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.

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07Sep/15

Toshiba posts net loss for the year, executives apologise for accounting scandal

Toshiba posts net loss and revamps board as it seeks to put scandal behind it.

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01Sep/15

Markets nervous over China ‘confessions’

(Reuters Business Report) – If nerves weren’t shredded before, they surely will be soon?

Chinese authorities now investigating what, or who, might be behind the recent market mayhem.
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25Aug/15

Wall Street’s rally goes up in smoke, indexes end lower

A strong rally on Wall Street evaporated and turned into losses, as concerns about China’s economy heavily outweighed lower valuations that some investors earlier saw as bargains.

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25Aug/15

Wall Street rebounds sharply after global market rout

U.S. stocks make a strong advance at the start of trade as investors pick up shares beaten-down after previous session’s steep decline on global economic fears.

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24Aug/15

Dow sinks nearly 600 points

(REUTERS) – A massive sell-off drove the Dow to shed more than 1,000 points at the day’s low. A bounce back by Apple helped cut the losses but it still closed with the steepest drop in four years.

Sparking the plunge: a further fall in Chinese equities and commodity prices.
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24Aug/15

Obama briefed on global financial markets developments -White House

Amid volatility in global financial markets, White House presses China to increase financial transparency and to move toward market-determined exchange rate system.

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03Aug/15

B&N Education’s anti-Amazon strategy

(Reuters Business Report) – Barnes and Noble Education making its debut on the New York Stock Exchange. The spinoff of the bookstore chain’s college bookstore business having a tough first day of trading. The stock, ticker BNED, under pressure.
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