US stocks slid on Tuesday as investors fretted over the banking sector and took in data showing another weak month for China’s economy.
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US stocks slide amid banking fears, weak China data
Stumbling China adds shadow banking mess to a property crisis
China’s latest rate cuts will do little to soothe growing concerns about contagion from the property sector spilling into the broader economy.
Marketmind: China crisis
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The word ‘crisis’ should always be used responsibly and judiciously when covering financial markets, business and economics,
China’s statistics bureau rejects deflation concerns at Beijing press conference
In response to recent deflation concerns, a representative from China’s National bureau of statistics has alleged that there is no deflation in China, and does not expect it in the future.
Stocks sink as China woes spark global sell-off: Stock market news today
China’s continued economic woes took center stage globally … as Wall Street analysts signal bullish optimism ahead of next week’s earnings. As Yahoo Finance’s Ines Ferré reports: “We expect a …
China’s economy under ‘significant amount of stress’: Analyst
China’s economic situation takes a turn after the country’s central bank slashes its lending rates and its real estate sector comes under pressure. Rhodium Group Associate Director Charlie Vest joins …
China slashes rates and suspends data on youth unemployment as troubles mount
Chinese officials have cut key interest rates and begun obscuring data as the world’s second-largest economy struggles and threatens to cause global turbulence.
China’s Economic Pain Is Deepening. Don’t Expect a Quick Rescue.
Stimulus that could build on Tuesday’s rate cut is likely coming, but more trouble may be needed before Beijing makes an aggressive move.
China wants to deepen defense ties with Iran and Belarus
“We would like to deepen our defense cooperation with new member Iran and member-to-be Belarus,” Chinese defense minister Li Shangfu said at the Moscow Conference on International Security.
China Mobile ends H1 with 393 million 5G subscribers
China Mobile also said its total connections reached 3.19 billion at the end of June, with a net addition of 250 million during the period. In the mobile segment, the telco reached a total of…
Yellen details her dinner in China with ‘magic mushrooms’
Treasury Secretary Janet Yellen said she accidentally ate “magic” mushrooms on a recent trip to China. In an interview with CNN’s Erin Burnett Monday, Yellen said the person who arranged the dinner …
A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies
Jim O’Neill coined the BRICs term when he worked at Goldman Sachs in 2001, and he’s blasting the idea of a BRICS currency. “It’s embarrassing almost.” …
Beware these stocks lurking in your portfolio as China economy wobbles
Turmoil in the Chinese economy can mean bad news for a range of popular stocks. U.S. listed stocks ranging from chipmakers to resort chains and car-part makers can all be helped or hurt by the…
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