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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.

The three indexes closed lower three days in a row as investors wrestled with uncertainty over increased signs of a slowdown in China’s economy and the timing of a long-expected interest rate hike by the Federal Reserve.

Mumbai: In its biggest intra-day crash this year, stock market benchmark Sensex plunged by 1,006 points while Nifty fell below 8,000 level in early trade today due to heavy selling by funds amid global sell-off as worries about China’s economy deepen.

Research by Citrix, mobile workspace solutions firm, and London-based Centre for Economics and Business Research (Cebr) found that South Africa could add 17 billion rand per year to its economy, or 0.4 per cent of gross domestic product (GDP).

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...

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

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.

The last market correction was four years ago.

The pan-European FTSEurofirst 300 was last down 5 percent at 1,355 points, wiping around 400 billion euros ($460.16 billion) off the index and taking its losses for the month to more than 1 trillion euros. The Nasdaq composite declined 19.76 points, or 0.4 percent, to 4,506.49....

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.

The Ftse 100, which marked its biggest weekly loss of the year on Friday, has now fallen for 10 sessions in a row, its longest continuous decline since 2003.

The People’s Bank of China, the country’s central bank, on Tuesday morning moved to devalue its tightly controlled currency, the Yuan, following weaker than expected Chinese import and Export data over the weekend.