A lower currency on the other hand will support the country’s export sector, which, thanks to rising land and labor costs, is not as competitive as it used to be.
In reaction to that, the freely-traded off-shore yuan dropped to 6.6915 versus the greenback, its weakest level going back to the last quarter of 2010, resulting in a record spread between the on-shore and off-shore exchange rates. That was the biggest daily decline since last...
Evidence of slowing economic growth in China and India has meanwhile fuelled fears that even strong demand elsewhere may not be enough to mop up the excess crude from near-record production over the past year.
Mark Klein of Cargill, which operates the mine says they are still assessing what caused the elevator to stop while the miners were descending into the salt mine.
Students who had appeared for CAT on November 29th, 2015, were in for a surprise in the wee hours today. In the evening, the results of this fiercely competitive examination were put on the website as well.
Overnight, European shares fell sharply, while USA stocks ended 2% lower after China allowed the biggest fall in the yuan in five months, and trade in Shanghai stocks was halted for the second time this week. The stock circuit breaker responsible has since been abandoned by...
“Tales from the Crypt” will feature original and new stories – all executive produced by Shyamalan (“The Visit”, “Sixth Sense”) and his Binding Edge Pictures partner Ashwin Rajan.
Since 2014, the government has been deporting Central Americans at a higher rate, averaging about 14 flights a week, U.S. Homeland Security Secretary Jeh Johnson said in a prepared statement Monday.
Global stock markets were deep in the red, rattled by the Chinese market, which plunged 7 percent at one point, leading to a nation-wide trading halt for the second time this week.
The renewed share suspension in China caused global shares to fall sharply on Thursday, with Wall Street opening more than 1% lower and European markets trading 2% down. “If contagion sets in, there will be more days throughout the year where trading is halted on the...