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Chinese Economy

Chinese Economy

Asian stock markets tumble after oil prices crash

Image copyright Getty Images Shares in London have plummeted in early trading, with the FTSE 100 index of shares plunging 8%.It comes after big falls in Asia, with Japan's Nikkei 225 index down 5% while Australia's ASX 200 slumped 7.3%, its biggest daily drop since 2008.Markets have been rattled by…
bubmag
March 9, 2020
Chinese Economy

Starbucks Gives Investors a Surprise Update on China

Click here for The Motley Fool's resources on Coronavirus and the market. Many stores are back open, but sales have plummeted. In an unscheduled SEC filing on March 5, coffee-giant Starbucks (NASDAQ:SBUX) provided an update for its shareholders regarding its business in China. The coronavirus outbreak has been a major…
bubmag
March 6, 2020
Chinese Economy

Business this week

Stockmarkets swung wildly following the worst sell-off over a week for more than a decade. The Federal Reserve made an emergency half-a-percentage-point cut to its benchmark interest rate, to a range of 1-1.25%. The Fed last cut rates by half a point in October 2008, the maelstrom of the financial…
bubmag
March 5, 2020