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S&P 500 e-minis ESc1 were down 5 points, or 0.24 percent, with 122,128 contracts traded. Germany’s DAX Index slipped 0.2 percent, France’s CAC 40 Index slid 0.3 percent, while the UK’s FTSE 100 Index fell 0.4 percent. Morgan Stanley said the company’s...

“A name like Wal-Mart today is part of what keeps the market kind of range bound, there are just too many companies with global businesses that are not really firing on all cylinders and then you throw in moves in China”.

The drop by shares of Wal-Mart came after the company reported weaker than expected second quarter earnings and lowered its full-year guidance. The Dow Jones Industrial Average fell 43 points, or 0.2%, to 17,503 at the open.

The People’s Bank of China (PBOC) suggests that the adjustment made to the value of the currency was due to the new method of calculating the daily price of the currency. But why should Western markets be anxious about a competitive devaluation of the Chinese currency? Note...

Although Rosenstein is the biggest new stake holder in the stock, but it is not the sole member who came in at a time when the company’s stock price was falling.

The transaction has many traits of a typical Buffett deal: he already owned a minority stake in Precision; he is a big believer in nuts-and-bolts industrial groups; and the company’s share price had come under pressure, falling by about a tenth.

Unhappy and irritated by a question put to him by a female Fox News TV journalist during a debate between several Republican aspirants for the White House, he notoriously said she had blood coming out of her eyes and “wherever”.

So the notion that China is evolving into a more market-oriented country is to impose a particularly American perspective on Chinese actions. Impose trade barriers if Beijing will not comply. By 1994 it was 8.62 RMB to the dollar (the lowest ever on the record).

The global benchmark, Brent crude LCOU5, -0.95% fell 67 cents, or 1.3%, to $49.51 a barrel on London’s ICE exchange.

Though China said its strong economic fundamentals provided “strong support” for the yuan, sources told Reuters that some within the government were pushing for the yuan to go even lower.

“Devaluation of the yuan means a stronger U.S. dollar and that’s likely to weigh on commodity prices“, Michael McCarthy, a chief strategist at CMC Markets in Sydney, said by phone.

A man fills up his auto at a petrol station in Rome January 6, 2015.

Insurer Allstate fell 10.2 per cent after a rise in payments for auto accidents dented second-quarter earnings, while handbag and accessories retailer Coach rose 3.2 per cent after reporting better-than-expected results.

Stocks are opening slightly lower in the U.S.as energy companies slide along with the price of crude oil.

The Dow Jones industrial average fell 91.46 points, or 0.52 per cent, to 17,598.4, the S&P 500 lost 5.86 points, or 0.28 per cent, to 2,097.98 and the Nasdaq Composite dropped 12.90 points, or 0.25 per cent, to 5,115.38.