ArcelorMittal Sees Sharp Downturn in Third Quarter
ArcelorMittal, the world’s largest steelmaker, forecast a sharp decline in earnings in the third quarter due a slowdown in China, a seasonal drop in activity and higher raw material costs. Click here to read the full story
Read more..NZ dollar holds near US72c
The New Zealand dollar held near US72c today after China reported its economy expanded 10.3 per cent in the second quarter over a year earlier.This is down from the first quarter’s explosive 11.9 per cent expansion, but dealers… Click here to read the full story
Read more..China Approves Shell-PetroChina Bid for Arrow
China has approved Royal dutch Shell and PetroChina’s A$3.45 billion ($3.05 billion) bid for Australian coal-seam gas firm Arrow Energy, clearing the deal’s last major regulatory hurdle. Click here to read the full story
Read more..Asia Markets: Asian shares slip as China tumbles
Asian benchmarks erase early gains Tuesday, dragged down by losses in Chinese shares after Beijing dashed hopes that it would relax its tightening policies on the property market. Click here to read the full story
Read more..Good week for Wall Street
Stocks ended a big week with modest gains today after China renewed Google’s license to operate in the country and traders awaited earnings reports due next week.The Dow Jones industrial average rose 59 points to push its gain… Click here to read the full story
Read more..Global stocks dip on growth fears
LONDON (Reuters) - World stock and oil prices fell on Monday on growing concerns of slowdowns in the United States and China — the two main pillars of global growth, though the dollar was off its two-month low. Click here to read the full story
Read more..Europe Markets: European shares drop as economy worries rise
European shares fell on the first day of the third quarter, as softer data from China and the U.S. raised fresh doubt about global economic progress. Click here to read the full story
Read more..Europe Markets: Spain, China jitters knock Europe stocks
European shares fell on the first day of the third quarter, with miners hit after soft data from China and banks pressured after ratings agency Moody’s placed Spain on review for possible downgrade. Click here to read the full story
Read more..Europe Markets: Europe stocks slump in worst day in over a month
Stocks in Europe on Tuesday slumped in the worst single-day decline in more than a month, on fears about the strength of the economies of the U.S. and China as well as the health of the European banking sector. Click here to read the full story
Read more..Asia Markets: China’s coal-price cap will hurt some, help others
A move by China, the world’s top coal-consuming nation, to effectively cap the price of coal, will hurt domestic producers but benefit many independent power producers, analysts say. Click here to read the full story
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