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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03Aug/15

Prices plummet as Athens bourse reopens

(Reuters Business Report)- A river of red on the boards of Athens’ bourse.

This was the plunge analysts had expected.

The first time trades on the Greek stock market could be made in five weeks saw falls of nearly 23 percent at the open.

Banking shares in particular hit hard.
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