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Current News from Around the Globe on Stock Markets

US bank earnings rose 7.3 percent in 1st quarter

WASHINGTON (AP) — U.S. banks’ earnings jumped 7.3 percent in the April-June period from a year earlier as revenues increased and the volume of soured loans banks had to write off fell to the lowest level since before the financial … Continue reading

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Tech stock leads Wall Street higher as China fears ebb

By Tanya Agrawal REUTERS – U.S. stocks rose more than 1 percent to near session highs on Wednesday afternoon as technology stocks led a rebound from Tuesday’s steep losses and as China’s move to again support its financial markets eased … Continue reading

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You think the stock market is crazy? Look at oil prices.

NEW YORK (AP) — Commodity markets are renowned for their booms and busts but the last four days in the crude oil market have even experienced traders wide-eyed. The price of oil plunged 8 percent on Tuesday, following a three-day … Continue reading

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Billions Wiped Off Value Of Shares In UK And US

It was another volatile day on global stock markets with the FTSE 100 index of leading UK shares closing down 3%. Around £48.5bn was wiped off the value of the Footsie following another round of weak Chinese economic data and fears … Continue reading

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Wall Street turbulence returns as weak China data magnifies fear

By Noel Randewich (Reuters) – Turmoil returned to Wall Street on Tuesday after a brief rest, with renewed concerns about China’s economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff. The SP 500 is … Continue reading

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China brokerages pledge 3.07 billion pounds more to buy shares

SHANGHAI (Reuters) – Nine Chinese brokerages have pledged additional funds worth over 30 billion yuan (3.07 billion pounds) to buy shares, the China Securities Journal said on Wednesday, answering fresh government calls to support a wobbly stock market. The estimates … Continue reading

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US markets drop after bleak Chinese manufacturing report

NEW YORK (AP) — Stock markets were plunging again Tuesday, continuing Wall Street’s month-long rocky ride, after gloomy economic data out of China rekindled fears that the world’s second-largest economy is slowing much faster than anticipated. KEEPING SCORE: The Dow … Continue reading

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Wall Street falls sharply after weak China data

By Tanya Agrawal REUTERS – Wall Street opened sharply lower on Tuesday after weak data from China heightened fears of a slowdown in the world’s second-largest economy and its effect on global growth. All three major indexes were down about … Continue reading

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China stock probes send shivers through investment community

By Pete Sweeney and Engen Tham SHANGHAI (Reuters) – Investigations by Chinese authorities into wild stock market swings are spreading fear among China-based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in … Continue reading

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Chinese Savers Shaken By Stock Market Chaos

The dust and the daily bustle of Beijing’s old back streets feels a long way, in every sense, from the trading floors of Europe and the United States. But it’s a good place to come to start to understand China’s … Continue reading

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