Tag Archives: Money

30Sep/15

U.S. businesses, cardholders slowly embracing chip technology

U.S. businesses on the eve of a big deadline – the switch to a new, more secure chip-based payment system – but many aren’t ready.
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25Aug/15

China cuts rates, reserve ratio to aid economy as stocks sink

China’s central bank cuts interest rates and simultaneously relaxes reserve requirements for the second time in two months.

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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

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

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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27Jul/15

China stocks plunge, suffer biggest one-day loss since Feb 2007

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.

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20Jul/15

PayPal valued at about $52 billion in market return

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.

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09Jul/15

China stock market crash explained

(Next Media Online) – China stock markets went into complete meltdown on Tuesday and Wednesday after being in free fall since June 12.
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04Jul/15

Behind the rattled nerves of China’s markets

(Reuters Business Report) – By now, you’ve probably heard that China’s stock market is swinging wildly.

Sparking panic as one of the world’s biggest economies experiments with a free market.

But what exactly is behind all of the uncertainty?
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26May/15

Alleged Libor ringleader goes on trial in London

Former trader Tom Hayes, on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors tell a London court.

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