Tag Archives: Economy

07Jan/16

China halts stock market circuit breaker

China Central Television (CCTV) – Chinese securities regulators will pause the circuit breaker mechanism from Friday after it was triggered for the second time in a week by Thursday’s stock market slide.
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03Jan/16

A review of how African economies performed in the second half of 2015

African growth was at its weakest in six years and analysts warned that things could get worse if the global economy continues to struggle. The IMF reported that the continent was likely to grow 3.75 percent this year and 4.25 percent next, a big drop from the years before and after the 2008/2009 financial crisis. China’s investment slowdown, and low commodity prices affected support to growth.

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30Nov/15

IMF approves China’s yuan for benchmark currency basket

International Monetary Fund chief Christine Lagarde announces the Chinese Yuan will be added to the Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen.
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18Oct/15

Young Chinese entreprenuers seek fortunes in cafes and other “lower value” businesses

Chinese students are increasingly heading into the private sector upon graduation, disenchanted at their prospects in the public sector opening up cafes and running other “lower value” businesses than pursuing the path of high-flying entrepreneurs.

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09Oct/15

Africa’s GDP growth to slow to 3.7 pct this year, World Bank

Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year from 4.6 percent in 2014, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank has said in its latest Africa pulse report.

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30Sep/15

IMF: Softness in global economy to extend into 2016 as developing world drags

Speaking at the Council of the Americas, IMF Managing Director Christine Lagarde says China needs to keep trying to rebalance its economy away from commodity-intensive investment but also must be careful to safeguard “demand and financial stability.”

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29Sep/15

Glencore shares halt slide, broker recommends going private

Shares in commodity trading firms take another tumble, driving global stocks to their lowest in more than two years, as pressure built on raw materials prices and emerging markets.
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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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