Oil hits 6-1/2-year low on China and oversupply
Mon Aug 24, 2015 4:18am EDT
Oil prices hit 6-1/2-year lows on Monday after Chinese stock markets suffered their biggest one-day fall since the global financial crisis, intensifying worries over the outlook for global oil demand.
Alarm bells ring as China sinks, dollar tumbles
Mon Aug 24, 2015 3:37am EDT
Alarm bells rang across world markets on Monday as a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors.
China stocks suffer biggest one-day fall since global financial crisis
Mon Aug 24, 2015 3:35am EDT
Chinese stocks plunged more than 8 percent on Monday in panic selling, with flagship indexes smashing key support levels and posting their biggest one-day percentage losses since the height of the global financial crisis in 2007.
Feels like 1986: Oil on track for longest weekly losing streak in 29 years
Fri Aug 21, 2015 3:03am EDT
Oil prices resumed their downward trend on Friday pulled lower by weaker global stock markets and a sharp contraction in China’s manufacturing activity, with the U.S. benchmark on track for its longest weekly losing streak since 1986.
Fed’s tightening cycle scenario involves risky bet on inflation
Fri Aug 21, 2015 1:12am EDT
Federal Reserve officials planning to lift interest rates as soon as September have been encouraged by solid U.S. jobs growth, but inflation holds the key to how far the Fed can go in moving rates away from zero.