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“There is no end in sight to the nose-dive that oil prices have been experiencing”, Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said in a report. A stronger greenback makes dollar-priced oil more expensive for buyers using weaker currencies, denting demand.

By increasing demand for them, the government hopes prices will rise. As the slide highlighted on Monday, those efforts have not been a success.

The benchmark Shanghai Composite Index fell 8.5 percent, its biggest one-day loss since February 2007.

Yet those gains would come at the expense of manufacturers in other countries, including the United States and Europe.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 3.00 per cent, or 66.56 points, to 2,155.49 on turnover of 480.9 billion yuan. But if China is starting a currency war, investor pain could get intense.

“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 renewed drop in oil prices has sent energy stocks skidding, weighing on global market indexes, and unnerved investors. Puts give the holder the right, but not the obligation, to sell NYMEX crude futures at a predetermined strike price.

World markets had already been on edge after China’s surprise devaluation of the yuan last week and a 33 percent fall in its stock markets since mid-year.

Tan said that China’s gross domestic product (GDP) accounted for 43 percent of the total created by the economies in the Asian Pacific region, so there is no doubt that other regional currencies will follow the yuan to move lower, while the magnitude of the falls in...

US crude oil fell towards $40 a barrel on Thursday after overnight data surprised analysts with a jump in US oil inventories.

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

Manufacturing unit manufacturing on the earth’s second-largest financial system shrank at its quickest price this month in greater than six years, fueling considerations that China’s sudden slowing could have far-reaching results across the globe. The new bout of...

MSCI’s emerging markets index was at its weakest in four years, off 2.16%, while the firm’s all-country world stock index fell 2.7%.

The preliminary Purchasing Managers’ Index (PMI) from Caixin Media and Markit Economics was at 47.1 for August.