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As the selling accelerated, some benchmark indexes were at or near 10 per cent below their recent peaks – a “correction” in Wall Street parlance.

Economists interviewed by Reuters said the first interest rate hike in nearly a decade by the Federal Reserve remains possible despite the soft inflation figures since other indicators point to a strengthening economy such us an improving housing sector and tightening labor market.

Hong Kong fell 1.53 per cent, or 347.85 points, to finish the day at 22,409.62 – its lowest point since May 2014 – taking it into a bear market after a more than 20 per cent slump from its April peak. The Nikkei 225 index ended day down 0.9% at 20,033.52 points....

“There’s no shortage of things people can cite, from the movement in currencies, to the weakness in commodities and fears about China“, Lee said. “This is about growth“. Gold futures rose as the selloffs spurred a flight to safety, with the yellow...

“Given the sufficient forex reserves with the RBI, the central bank will not allow the continuous slide in rupee’s value”.

The MSCI Emerging Markets Index is heading for its biggest weekly loss since 2013, while the MSCI All-Country World Index has retreated 3.2 percent for the period, the worst since December, according to Bloomberg. That correction was caused by a combination of factors, one being...

Oil has dropped below $40 a barrel for the first time since the end of the global economic crisis.

As if China wasn’t worrying investors enough, the odds of a Fed rate hike in September seems to have lowered. “This is about growth“. The Nasdaq crumbled 6.8% while the S&P 500 sank 5.8%.

The inflation report came as Statistics Canada also reported retail sales for June increased 0.6 per cent to $43.2 billion, topping expectations for a gain of 0.2 per cent, according to Thomson Reuters.

The stock market’s steep decline this week has pushed the Dow Jones industrial average into what is known as “correction” territory.

Behind that were signs Beijing is struggling to prevent a stall in the world’s second largest economy, and that its actions, like the devaluation of the Yuan last week, was having a negative impact throughout emerging markets and would drag in developed economies as well.

When the Parliament last voted in July on opening new bailout negotiations with the leftist-led government of Prime Minister Alexis Tsipras, 60 of Merkel’s MPs went against her. In a test vote on Tuesday ahead of the debate, 56 members of her bloc voted against the package...

“If you look at the interest rate probability according to the Fed fund futures, on August 13 it was showing 50 percent for September and now it’s down to 32 per cent”.

Companies that primarily drill for oil onshore in the U.S., such as Continental Resources, have suffered even steeper declines. “This is about growth“.

A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq – or an individual stock – falls 10 percent from its most-recent high. Crude oil briefly dipped below $40 a barrel for the first time since March of 2009.