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The change would make it more hard to levy high tariffs on Chinese goods. And yesterday, JR’s subscribers saw another victor – to the tune of 116.6% in tracked gains – in Duke Energy (DUK).

Relatively few Chinese are invested in the stock market, and the vast majority of Chinese companies still have access to financing.

MSCI’s emerging markets index was at its weakest in four years, off 2.16%, while the firm’s all-country world stock index fell 2.7%.

The worldwide Monetary Fund has yet to make a final decision on whether or not to add any new currency to its new SDR basket this year. The rest of the world is watching. To have a substantive beneficial impact on trade, the renminbi would need to see rapid depreciation, a...

A private factory gauge unexpectedly fell to the lowest level in more than six years, data Friday showed. At the same time, policy makers also expressed concerns that given recent drops in commodity prices inflation is still too low to justify an interest rate increase.

The formation of the Laiki Enotita, or Popular Unity party, was announced by 25 Syriza members, hours after Tsipras stepped down as prime minister in a calculated action to consolidate power in a new election.

Greece will go to the polls next month after Prime Minister Alexis Tsipras resigned on Thursday evening.

China’s stocks wiped out gains spurred by an unprecedented government campaign to prop up prices amid weakening economic data and signs of capital outflows.

“We need to know whether the government has or does not have a majority”, Energy Minister Panos Skourletis told ERT, according to local media reports.

It said in a note: “We believe demand and supply fundamentals remain solid and expect prices to recover further once markets have digested the first Fed move”.

Sales amounted to $17.43 billion, compared to the consensus estimate of $17.4 billion.

The Greek constitution stipulates that when a government resigns, the president should ask the second and third biggest parties – now the centre-right New Democracy and the neo-Nazi Golden Dawn – to try to form a new administration.

The move also creates potential headaches for US President Barack Obama as he prepares to host Chinese President Xi Jinping at a summit in September.

“The markets’ response to Chinese surprise devaluation of its currency against the US dollar is ample evidence that investors worry about further measures across Asian countries in order to prop up export competitiveness”, said Anand James, the co-head of the...

But while the term “flip-flopper” may have cost John Kerry the US presidency in 2004, for Mr. Tsipras, the label has not yet been pinned to his lapel.