A recent sell-off in China’s stock markets is the first major challenge facing the country since the introduction of margin trading, and is believed to have been caused by hostile short-sellers.
In a report on the Chinese news site ifeng.com, … Read the rest
In the world of economics, one policymaker towers above all others. The head of America’s central bank, Janet Yellen, presides over a $17 trillion economy. The empire of her nearest competitor, Mario Draghi, amounts to a relatively puny $10 trillion. … Read the rest
Gold was up $42.70 per ounce in trading today.
The New York spot price was $1,320.20
Also on Wall Street, investors remained in a record-setting mood Thursday.
The Standard & Poor’s 500 index closed at an all-time high for the … Read the rest
South Africa’s rand sank this week to within sight of three-year lows against the dollar as a wave of strikes spread beyond the mining sector, threatening the biggest industrial crisis since the end of apartheid.
After two months of violent … Read the rest