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About 6,300 people have been displaced by the blasts and around 720 people were injured, including 33 who are in a serious condition.

U.S. stocks rebounded in afternoon trading Wednesday after slumping for six straight days on concern that growth in China was slowing more quickly than previously thought.

The Standard & Poor’s 500 index lost 13 points, or 0.6 percent, to 2,083 and the Nasdaq composite fell 29 points, or 0.6 percent, to 5,030.

“I might get him a McDonald’s hamburger and say we’ve received to get right down to work as a result of you possibly can’t proceed to devalue”, he stated, in accordance with a transcript revealed by the Day by day Caller.

Trading was more volatile on China’s smaller Shenzhen Composite, which opened higher, but then shed as much as 3% before mounting a recovery.

The US dollar bought 119.79 Japanese yen, higher than 118.62 yen of the previous session.

In an appearance on Monday evening on the The O’Reilly Factor, the presidential candidate and sayer of things about China criticised the Obama administration for its plans to hold a state dinner when the Chinese president visits Washington next month. The result was an...

Most other Asian currencies managed to rebound, and stock and commodity markets picked up. But the International Monetary Fund has certainly noticed, suggesting that “a more market-determined exchange rate would facilitate SDR operations, in case the renminbi were included...

“The question for investors is when to catch this falling knife”, Barty wrote.

Investors also got some encouraging news from a survey indicating that U.S. consumer confidence rebounded this month.

Chinese authorities are investigating four securities brokerages and one current and one former employee of its securities regulator for possible stock market offenses. After hitting a seven-year high in mid-June, the Shanghai stock index has dropped more than 40 per cent,...

The People’s Bank of China reformed the exchange rate formation system on August 11 to better reflect market development in the exchange rate of the Chinese yuan against the US dollar.

The Dow did rally from that point and ended the day down 588 points.

To put the overall foreign exchange reserves number in perspective, total emerging market foreign reserves in 1999 stood at around US$610 billion. “They’re not sure what’s going to happen overseas, and that uncertainty is winning out”.

China’s central bank today (Aug 25) cut interest rates and lowered the amount of reserves the country’s banks must hold, cranking up support for a stuttering economy and a plummeting stock market that has sent shockwaves around the globe.