Karen O'Callaghan

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China stocks have plunged 6% in two days

China stocks suffered another round of heavy losses on Tuesday, renewing concerns over government efforts to support markets.<p>The Shanghai Composite shed 3.5% on Tuesday, bringing losses for the week to 6%. Declines have been even steeper on the smaller Shenzhen Composite, which has lost more than …

Stock Markets
Stock Markets

Tsipras to back Greek bailout with Tsakalotos as finance minister | Reuters

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras appointed two respected bailout negotiators to head his economic team on Tuesday, moving to assure wary European partners that the new government will not backtrack on its cash-for-reform deal.<p>Tsipras reappointed Euclid Tsakalotos as finance …


IMF says new loan for Moldova won't materialize during visit

CHISINAU, Moldova (AP) — The International Monetary Fund says it will not negotiate a new loan program with Moldova during its visit to the country, dashing the government's hopes of an immediate agreement to help cover pensions and salaries.<p>An IMF mission began the two-week visit Tuesday, a day …


Hillary Clinton releases health plan that aims to combat skyrocketing drug costs

Democratic presidential hopeful Hillary Clinton heads to a campaign event in Iowa Tuesday where she will release her health care plan that aims to …

Brazil's currency just dropped to a level it's never seen before

Brazil's economy is getting absolutely hammered.<p>Last week Business Insider's Myles Udland charted the awful data coming out of Brazil. Business and consumer confidence and retail sales are slumping, while inflation and unemployment are picking up.<p>And the country's currency, the Brazilian real, is …

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