contributed to the fall in equity
markets
- China province’s debt crisis exposes economic fault-line: A mini debt crisis in northern China is exposing cracks in a financial pillar of the country's economic revival plan: the $430 billion loan-guarantee industry.
- Markets ride wave of global meltdown fears: Traders around
the street are watching acontinued collapse of currencies in the emerging
world, with some like the Turkish Lira, Thai Baht, Brazil's Real and Malaysian
Ringgit all down more 8% in the past month. The worst performer is the Russian
Rouble, down 17%.
- Greenspan warns about bond market bubble: Former Federal Reserve Chairman Alan Greenspan has been sounding the alarm about a bubble that he believes is forming in the bond market
- North Korea orders front-line troops into ‘wartime state’ after exchange of fire: North Korean leader Kim Jong Un has ordered front-line military units to enter "a wartime state" after an exchange of fire with South Korea.
- China’s PMI index falls to six year low: The preliminary reading for a key Chinese purchasing managers' index (PMI) fell to a near six-and-a-half-year low of 47.1 in August, below a Reuters forecast of 47.7, underscoring persistent sluggishness in country's vast factory sector.
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