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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%.

Leading members of the Organization of Petroleum Exporting Countries are maintaining output, while Citigroup Inc. predicts crude may slide to as low as $32/bbl, a level last seen during the world financial crisis.

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.

“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”.

Equities continued to slide across the globe Friday after China released its weakest manufacturing data since the global financial crisis, which accelerated losses in riskier assets.

He asked residents to hold their trash and recycling until the following week or deliver it to one of the city’s five Sanitation Convenience Centers, which will have extended hours from September 24 to October. 4.

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...

The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. “And this something has to translate into a weaker U.S. dollar“.

Inflation has remained below the Fed’s 2 percent target for annual price increases for more than three years. The prospect of the Fed raising rates has boosted the dollar, further undercutting inflation through lower import prices. A line from the report stating:...

Relatively few Chinese are invested in the stock market, and the vast majority of Chinese companies still have access to financing.

US benchmark West Texas Intermediate (WTI) for September delivery dropped 17 cents to Dollars 42.06 in late-morning trade after falling below USD 42 a barrel earlier in the session, the lowest price since March 2009.

GoldMoney (Other OTC: BTGDF – news) dealing manager Kelly-Ann Kearsey said: “The US Federal Reserve’s caution with regard to when it might put up interest rates has hit the dollar this week, and that combined with the continued economic woes in China has pushed...

The statement indicates that the Board is buying time to reach a policy decision on the issue and the PCB source indicated that things might not be that easy for Butt and Asif even after they return to playing domestic cricket with the National T20 championship in Rawalpindi from...