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Forex News
China's Evergrande Files For Bankruptcy Protection In US
Amid the deepening real estate crisis in China, embattled property giant China Evergrande Group has filed for Chapter 15 bankruptcy protection in New York. Chapter 15 allows heavily-indebted company like Evergrande to protect its assets in the US amid its restructuring efforts. China's second-largest property developer, with debts estimated to total more than $300 billion, defaulted on its debt r
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646 days ago
FTSE 100 Slips On Downbeat Retail Sales Data
U.K. stocks fell on Friday after data showed U.K. retail sales registered a bigger-than-expected fall in July as a result of poor weather and the rising cost-of-living.
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646 days ago
CAC 40 Declines On Interest-rate Fears
French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation.
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646 days ago
DAX Extends Losses On China Growth Concerns
German stocks declined on Friday to extend losses from the previous session on China growth concerns and fears of further interest-rate hikes by the U.S. Federal Reserve.
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646 days ago
Asian Shares Mostly Lower On China Concerns, US Rate Uncertainty
Asian stocks ended mostly lower on Friday amid lingering worries about the Chinese economy and higher interest rates.
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646 days ago
UK Retail Sales Fall More Than Expected
UK retail sales registered a bigger-than-expected fall in July as poor weather reduced footfall as the rising cost-of-living hurt household consumption, data released by the Office for National Statistics revealed on Friday. The retail sales volume declined 1.2 percent month-on-month in July, offsetting June's 0.6 percent increase. This was the first drop in four months. Sales were forecast to fa
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646 days ago
European Shares Poised For Lower Open On China Woes
European stocks may open lower on Friday amid concerns about spreading debt defaults in China's property market and shadow banking industry.
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647 days ago
more news
European Economic News Preview: UK Retail Sales Data Due
Retail sales from the UK and final inflation from the euro area are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics is set to issue UK retail sales for July. Sales are forecast to fall 0.5 percent on month, in contrast to the 0.7 percent rise in June.
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647 days ago
Sensex, Nifty Open Lower As IT Stocks Drag
Indian shares opened on a subdued note Friday after yields on long-term U.S. Treasury Notes climbed to a 16-year high on fears of further interest rate hikes by the Federal Reserve.
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647 days ago
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, on renewed concerns over a Chinese economic slowdown and fears of a debt meltdown in the country's property sector. China's second-largest property developer, the embattled China Evergrande Group, has filed for Chapter 15 bankruptcy protection in New York.
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647 days ago
Sensex, Nifty Seen Slightly Higher As Dollar And Yields Pull Back
Indian shares are seen opening flat to slightly higher on Friday as a sell-off in global equities continues.
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647 days ago
Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Friday, extending the losses in the previous two sessions, with the benchmark Nikkei 225 falling below the 31,600 level, following the broadly negative cues from global markets overnight, with losses in exporters and financial stocks, partially offset by gains in technology stocks.
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647 days ago
Thai Stock Market May Turn Lower Again On Friday
The Thai stock market on Thursday snapped the two-day slide in which it had fallen more than 15 points or 1 percent. The Stock Exchange of Thailand now sits just beneath the 1,530-point plateau although it's likely to see renewed selling pressure on Friday.
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647 days ago
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