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Global manufacturing activity grew at the slowest pace in two years in June
Another month of manufacturing PMI gauges has come and gone, and the news isn’t exactly good.According to the latest JP Morgan global manufacturing PMI report, conditions improved at the slowest pace...
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Chinese stocks are experiencing unprecedented volatility
Here’s a quick chart of the largest daily trading ranges seen on China’s Shanghai Composite stock index over the past two decades.Four of the largest ranges ever recorded were seen in the past two...
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Chinese stocks are still getting smashed despite efforts to stem losses
Despite the best efforts by policymakers to stem the bleeding, Chinese stocks fell heavily in Thursday trade.The benchmark Shanghai Composite index had lost a further 3.5%, taking its total losses over...
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China's military-grade airbase on a man-made island is almost operational
China has almost finished building a 3,000-metre-long airstrip on one of its artificial islands in the disputed Spratly archipelago of the South China Sea, according to a report from Reuters.The...
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NASA just revealed the closest pictures of Pluto yet, and they point to...
It’s taken nine years to travel nearly 3 billion miles, and we’re now just a couple of weeks away from getting the first proper look at our most controversial planet.On July 14, NASA’s New Horizons...
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Chinese shares are plummeting again
The volatility in Chinese stocks is continuing today, although on this occasion it’s all one-way traffic.In early trade the benchmark Shanghai Composite is off more than 7%, mirroring similar declines...
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Reddit is having a meltdown
Reddit’s community is falling apart at the seams after the site’s popular Ask Me Anything (iAMA) feature went offline.The reason? Reddit’s director of communications Victoria Taylor (/u/chooter) was...
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Australia's sporting world is reeling after Adelaide Crows coach Phil Walsh...
Australian Football League (AFL) coach of the Adelaide Crows, Phil Walsh, is dead after a violent incident in his home.Walsh’s son, aged 26, has been arrested, charged with murder and detained for a...
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Here's everything you need to know about Greece's referendum on Sunday
This Sunday Greece will hold a referendum on whether or not the nation should accept austerity proposals, linked to bailout funding offered by the EU, IMF, and ECB in late June.It's a straight forward...
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UK officials had a crazy plan to move 5.5 million Hong Kong residents to...
Officials in Margaret Thatcher's government came up with a bonkers plan to move Hong Kong residents 100s of 1000s of miles across the world and resettle them in Northern Island once the province...
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ISIS says it is their 'religious duty' to destroy Egypt's pyramids and the...
As tensions rise in Egypt, the ISIS has said the nation’s cultural icons, like the pyramids and the sphinx, should be destroyed.Britain’s The Telegraph reports members of ISIS have stated that objects...
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Asian stocks are getting smoked
Asian stocks have fallen heavily in the wake of the Greek referendum, held on Sunday, where citizens overwhelmingly rejected bailout conditions offered by the nation’s creditors.Here’s the...
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Chinese stocks look ready to soar
China’s under-siege stock market looks set for a reprieve this morning with futures markets pointing to hefty gains.Front-month CSI 300 futures – the 300 largest listed firms in Shanghai and Shenzhen –...
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China just had a wild trading session and now there are rumors some investors...
The rollercoaster that is China’s stock market continued on Monday, following fresh attempts from authorities to stem the losses and reduce the wild volatility in trade.After initially opening up more...
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Chinese stocks go negative during roller coaster session
The latest measures announced by Chinese regulators to support the nation’s stock market have, for the moment, failed miserably.Having surged more than 8% at the start of trade the benchmark Shanghai...
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YANIS VAROUFAKIS JUST RESIGNED
Greece’s finance minister Yanis Varoufakis has resigned, according to a statement posted to his official website, in the aftermath of the weekend’s referendum which overwhelmingly endorsed his...
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The Euro spikes after Yanis Varoufakis resigns
News that Yanis Varoufakis has resigned as Greece’s Finance Minister has seen the euro surge.The EUR/USD currently buys 1.1070 having hit a high of 1.1082 at 4pm in Sydney (7am BST). Earlier in the...
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China just announced more measures to stabilize its stock market
Having managed to stabilize China’s larger stock indices – the Shanghai Composite and CSI 300 yesterday – Chinese policymakers have implemented additional measures to stabilize the market for smaller...
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El-Erian: Keep a close eye on Chinese stocks
Chinese authorities are throwing everything at Shanghai stocks in order to stop the bubble bursting and having wider social or economic consequences for the Chinese economy.In a Facebook post this...
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Chinese stocks are tanking
You can never tell where the Shanghai Composite will finish in a day’s trade, but it appears headed for yet another day of heavy losses despite increasingly frantic efforts by authorities to support...
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