Dow Plunges 530 Points Amid China and Greece Worries

U.S. stocks continue to endure pressure from devaluation of Chinese currency and uncertainty over Greece’s bailout A screen above the floor of the New York Stock Exchange shows the closing numbers on Aug. 21, 2015. (NEW YORK) — The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked More...

by RNSnews | Published 2 years ago
By RNSnews On Wednesday, May 6th, 2015
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The recovery is stalling out again. Is the economy actually in … a recession?

The U.S. economy barely grew at the start of the year, and it’s barely growing any more than that now. It’s bad enough that it’s not completely crazy to wonder whether we’ve somehow slipped More...

By RNSnews On Monday, May 4th, 2015
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Greece strives for deal with lenders, IMF hard on reforms: minister

A Greek national flag flutters atop Lycabetus hill in Athens, April 22, 2015. REUTERS/Kostas Tsironis GREECE – Greece intends to meet debt payments this month and reach a deal with its international lenders More...

By RNSnews On Sunday, May 3rd, 2015
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Warren Buffett: stock markets will be over-priced if rates rise

The billionaire admits surprise that low rates have not caused inflation and tells shareholders the dollar will still be the world’s reserve currency in half a century Berkshire Hathaway chief executive Warren More...

By RNSnews On Saturday, May 2nd, 2015
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Africa’s race to $1,000,000,000,000 – And the winner is…

Nigeria is set to be the first African country with an economy larger than $1 trillion, according to the latest projections from the U.S. Department of Agriculture. Africa’s most populous nation, which recently More...

By RNSnews On Friday, May 1st, 2015
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Lloyds loses £660m on TSB sale

Lloyds Banking Group says it has recorded a loss of £660m on the sale of TSB to Spanish bank Banco de Sabadell. As a result, Lloyds saw its statutory profit before tax fall by 11% to £1.214bn in the first quarter More...

By RNSnews On Friday, May 1st, 2015
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Asia markets down despite Japan data

Japanese shares were down in early trade despite positive economic data Asian markets headed lower on Friday despite a slew of economic data from the world’s third largest economy, Japan, showing signs of More...

By RNSnews On Thursday, April 30th, 2015
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Missing $20bn: Okonjo-Iweala Disowns PriceWaterhouseCoopers, Says She Didn’t Hire Firm

Nigeria’s finance minister & coordinating minister of economy, Ngozi Okonjo-Iweala NIGERIA – Nigeria’s Minister of Finance, Ngozi Okonjo-Iweala, has distanced herself from the audit firm, PriceWatersHouseCoopers, More...

By RNSnews On Thursday, April 23rd, 2015
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Can Indian elephant take on Chinese dragon? ‘Not in the next 20 years’

President Xi Jinping has been presiding over a massive anti-corruption drive. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi are two dynamic leaders at the helm of the world’s two most More...

By RNSnews On Tuesday, February 17th, 2015
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Are Entrepreneurs Born or Taught?

Is being an entrepreneur in your DNA, or can it be taught? A new study from Babson College finds the evidence is “overwhelming” that if business students take at least two core entrepreneurship classes, that More...