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This time, there was no retreat.

Keith Berlin, director of global fixed income and credit at Fund Evaluation Group in Cincinnati, Ohio, said “markets have awakened to the realization that China’s growth story is not what it once was”.

He answered, “I would not be throwing him a dinner”. “I would get him a McDonald’s hamburger and say we’ve got to get down to work because you can’t continue to devalue”, he said, according to a transcript published by the Daily Caller.

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.

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...

“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.

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....