Amid volatility in global financial markets, White House presses China to increase financial transparency and to move toward market-determined exchange rate system.
“The African continent deserves better and more accurate data”
London August 2015 (ACCUR8DATA) – A group of prominent African leaders in the field of data and innovation from Ghana, Kenya, Zambia, Rwanda and Senegal announced the launch of the Accur8Africa platform to improve the accuracy of data in the continent before the adoption of the Sustainable Development Goals (SDGs) in New York this coming September at the 70th United Nation General Assembly.
China stocks plunge more than 8 percent, their biggest one-day drop in more than eight years, as a government-triggered rebound peters out amid profit-taking, concerns over economic health and fears of an end to Beijing’s inclination toward looser monetary policies.
PayPal begins trading separately on the Nasdaq, creating a new company that analysts say is worth more than $50 billion (USD). PayPal shares soared to $42.55 in early trading, on its trading debut after it split from e-commerce company eBay.
IMF Managing Director says on leaving mammoth talks in Brussels that an agreement has been found to move forward with a third Greece bailout deal.
(Next Media Online) – China stock markets went into complete meltdown on Tuesday and Wednesday after being in free fall since June 12.
(Reuters Business Report) – Don Quixote: a Spanish literary hero famous for tilting his lance at imaginary foes – like windmills.
Austerity though – that’s seen as a very real enemy.
Many Spaniards in solidarity with ordinary Greeks.
As Greece pleads for a short-term bailout extension to avert a midnight default, a U.S. analyst says Germany must urge the IMF to offer some sort of face-saving measure for Greece or risk further economic fallout.
The Zimbabwean dollar is demonetised as the country switches fully to using the U.S. dollar as its currency.
(REUTERS) – Meet Lu Tingbo, a physics major at Peking University who’s also an active investor – managing about about 800,000 dollars cobbled together from family, friends and schoolmates.