China seeks to reassure stock markets with rate cut and looser lending
The People’s Bank of China reduces the one-year lending rate in a signal of readiness to head off a repeat of June’s stock market crash China has sought to calm its panic-stricken stock markets by cutting interest rates and loosening constraints on bank lending after a second day of plunging share prices. The People’s Bank […]
European companies beat US to Iran business after nuclear deal reached
US firms await outcome of Congress deliberations over Iran agreement, leaving them at the back of the queue for a market due to reopen after years of sanctions The ink was barely dry on the agreement with Iran to limit its nuclear programme before a German government plane packed with the nation’s economic elite touched […]
China opts for measured response to days of stock market panic
Beijing cuts interest rates to support the real economy, but keeps some of its powder dry to avoid further damaging investor confidence Beijing has taken action. After two days of painful stock market falls, the People’s Bank of China (PBoC) has seen enough. Interest rates have been cut to put a floor under share prices […]
Mining stocks drive FTSE 100 rebound
BHP Billiton leads peers higher after world’s biggest miner promises to slash spending to shore up dividends Mining stocks hammered on Black Monday have clawed back some ground, after major companies announced cost savings that are likely to preserve expected dividend payouts. Shares in BHP Billiton jumped by 8.5% to £10.49, despite reporting a 52% […]
Kipper Williams on China stock market panic
Chinese benchmark markets fall 6% but some indices bounce back after ‘Black Monday’, when share slide triggered sell-off in Europe and beyond Continue reading… Source: The Guardian Circular Economy RSS
Asian stock markets recover amid wild swings after Wall Street slump – live
Chinese markets down 6% at opening Wild swings on Asian and Australian markets The Dow plunges 588 points in New York FTSE100 in London loses 4.5% Why China is affecting global markets Turmoil raises doubts about rate increase by US Federal Reserve Pictures: markets fall around the world Shares in meltdown after China’s Black Monday […]
Searching questions for Tony Abbott if turmoil on stock markets gets worse
Australia’s economy can survive these share shocks for now, but further falls in stock prices could challenge the Coalition’s resistance to fiscal stimulus The savage market ructions of recent weeks and days are disconcerting. While not unprecedented, the quite staggering fall in share markets and commodity prices are threatening to undermine the global economy. For […]
Asian stock markets swing wildly as Chinese shares take another battering
Benchmark Chinese markets fall 6% but some indices bounce back after day dubbed ‘Black Monday’ Markets across Asia were hit by more turbulence on Tuesday, with Chinese shares suffering a dramatical fall of more than 6% a day after hundreds of billions of dollars were knocked off global stocks. As the gravity of China’s market […]
'This is a correction, not a crisis,' says Joe Hockey, after share-market rout
‘The fundamentals of the Australian and global economy are still good,’ says treasurer, after Australia’s benchmark indices fall more than 4% on Monday Joe Hockey has sought to reassure Australians about the strength of the local and global economies after sharp falls on China’s main share market triggered jitters on other markets around the world. […]
Female bosses are working for free as gender pay gap persists
Difference between the sexes in UK managers’ pay equates to nearly two hours of unpaid work a day by women Female managers earn 22% less than their male counterparts and “work for free” for nearly two hours a day, research shows. According to a survey of more than 72,000 managers in the UK, the difference […]