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World

China manufacturing woes continue: PMI index slips below 50 pts

The slowdown in Chinese manufacturing sector continued in August pushing the PMI below 50 level, which indicates the deceleration in the industry. The drop in orders for new work and export demand is the major reason for dip in manufacturing industry's output.

Sep 01, 2015 10:16 PM EDT

World

Global central bankers ready for US rate hike - Reuters

Central banks around the world want a Fed rate hike, sooner rather than later, according to Reuters. But, considering developments in the domestic and international fronts, Fed officials say it's too early to tell whether they would raise interest rates this month.

News

Around 200 people arrested in China for spreading stock market rumors

Chinese authorities arrested 197 people for spreading rumors that can lead to troubles. The rumors they have spread included a man jumping to death in Beijing because of the drop in stock market.

News

Athens goes for gas grid privatization

Greece is in favor of selling stake in energy grid to Azerbaijan government company. This is subject to the outcome of general elections and clearence of third round of bailout package. Greece aims to be energy transport hub for eastern European nations.

Oil price up 27% in just 3 sessions; OPEC agrees on a fair price deal

Oil price recovered as two sets of news made it positive for the energy sector. Opec says it'll try to get a fair price deal by speaking to other oil producers. The cut down in US Eenrgy production forecast also boosted the market sentiment. Oil price rose 27% in just last three sessions.

Sep 01, 2015 4:47 AM EDT

The US stocks turn attractive on lower PE ratios

After the market downfall, many US stocks turn attractive as they're no more over prices equities. The lower PE ratios make it attractive for investors.

Sep 01, 2015 4:28 AM EDT

Boeing flexes its muscle to control supplier power

Warren Buffett's acquisition of Precision CastParts Corporation had urged other investors to bet on commercial aircrafts. On the other hand, Boeing Company, the aviation giant is evidently delaying transactions of its suppliers' merging and acquisition deal.

Sep 01, 2015 3:33 AM EDT

China's Yuan up on suspected intervention, set for August loss

The strengthening of Chinese currency Yuan on Monday raised many eyebrows. Market analysts believe that Chinese government support was extended to Yuan unofficially. traders observe that buying support from state-owned banks.

Sep 01, 2015 3:26 AM EDT

As long as China economy is under pressure, bearishness for copper likely

Copper price slipped below the key supprt levels of $3/lb and $2.4 and as long as China's economy reels under pressure, the metal is more likely to be under bearish phase. If US dollar becomes weaker then chances are more that copper price will pick up.

Sep 01, 2015 3:21 AM EDT

Italian oil explorer Eni discovers 'supergiant' gas field off Egyptian coast

It appears that a supergiant gas field was recently discovered in an Egyptian coast by an Italian oil group called ‘Eni’.

Aug 31, 2015 2:06 AM EDT

Brazil is financially ruined, under recession

Brazil is now suffering from another recession caused by many factors including the sudden drop of its gross national product and the contribution of the much controversial Petrobras scandal.

Aug 31, 2015 1:43 AM EDT

The reason Saudi Arabia won't hold off oil production

Oil industry has been suffering too much from the price crash and worse is some have gone bankrupt. Still Saudi Arabia won't lessen it's oil production eventhough they are already affected but more affected are its rivals. In the end, Saudi Arabia will have more to gain.

Aug 31, 2015 1:39 AM EDT