Stocks remain green but the pre-open surge on the back of a China rate cut has been erased as USDJPY rolls over...
Saudi Arabia is seeking advice on how to cut billions of dollars from next year's budget because of the slump in crude prices, according to two people familiar with the matter.
Yesterday's market tumble finally brought the S&P and Nasdaq alongside the Dow Jones into correction territory, sending the broader index down 11% from its highs, even as a vast majority of S&P constituents already preceded the index and are either i
Following the end of a horrible week for petroleum importers (not to mention shale producers) despite WTI briefly dipping under $40 (wasn't this supposed to be great news for the US economy?) ...
Are we witnessing the corruption of central banks? Are we observing the money-creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich?
In early trade on Monday morning, the price of West Texas Intermediate was down about 5.7% and traded as low as $38.13 a barrel, a new post-financial-crisis low for the commodity that has been getting hacksawed this year.
Brent crude drops below $45-a-barrel mark for the first time since March 2009
Jack Lew, speaking at the Brookings Institution in July, confidently assured that Americans were immune from weakening markets in China.
Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some 23% on ju
Chinese stocks were absolutely hammered overnight on Monday, tanking 8.5% in what observers are calling the Shanghai Composite's "Black Monday".
The global market bloodletting continues as the sell-off has officially reached historic levels.
Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors
Last week, in the global currency war's latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%.
EURUSD Surges Above 1.1500 As WTI Crude Tumbles To $38 Handle
The longstanding perception created by Communist rulers that they are always ultimately in charge takes a battering from feral capitalism
World hasn't changed much since financial crisis, which showed an economic model based on widening inequality and uncontrolled capital flows is unviable
Investors are wary of the technology sector's prospects this week after one of the market's remaining bulwarks fell victim to the widespread equities rout late last week amid growing fears over the Chinese economy.
The head of a Chinese exchange that trades minor metals was captured by angry investors in a dawn raid and turned over to Shanghai police, as the investors attempted to force the authorities to investigate why their funds have been frozen.
The global deflationary wave we have been tracking since last fall is picking up steam.
Reuters Breakingviews (Edward Chancellor): "Financial markets, like religions, are faith-based networks.
Growth in China is slowing rapidly. How rapidly is a subject of much debate. Today, a senior IMF official says 'Premature' to Speak of Chinese Crisis.
U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on Friday on signs of U.S. oversupply and weak Chinese manufacturing and notching the longest weekly losing streak in almost three d
History is repeating itself. While the times are different and the names have changed, the underlying circumstances and basic fundamentals remain the same.
China's leaders are loving--and hating--reform
You can stop waiting for a global financial crisis to happen.
Is there no limit to the economic pain Europeans are prepared to endure in defence of the wretched euro?
Crude prices are back to where they were in 2004. Before that, crude previously topped near $41 in September of 1990!
Glencore Plc Chief Executive Officer Ivan Glasenberg said no one can read the Chinese commodity market.
Could it be possible that Russian reporters have more freedom to talk about important issues than reporters that work for the major corporate conglomerates in the United States do? Of course the Russian media is far from perfect.
A billionaire hedge fund manager linked to George Soros bought up gold shares after multiple financial experts warned a stock market crash is coming.