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‘Recession knocking at Indian economy’s door’, predicts Bengal finance minister

West Bengal finance minister Amit Mitra said the masses are stressed out, with GDP growth hovering at its lowest ebb in five years, and manufacturing, capital goods and index of industrial production all coming under pressure. WT24 Desk Expressing concern over the slump across various sectors, West Bengal finance minister Amit Mitra on Saturday predicted a deep recession knocking at the ...

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Global stocks fall amid trade, growth worries

WT24 Desk NEW YORK – Global stocks fell Friday on worries about the grinding US-China trade war amid rising gloom over the global growth outlook, AFP reports. Leading bourses in Europe lost more than one percent, including in Milanafter Italian Interior Minister Matteo Salvini pulled support for thegovernment coalition and called for snap elections while parliament was onsummer recess. Wall ...

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Asia markets climb, tracking Wall Street gains

WT24 Desk HONG KONG– Asian markets largely rallied Friday, tracking a rebound on Wall Street, as investors attempted to shrug off lingering US-China tradewar fears, AFP reports. Positive data out of Japan helped drive the Nikkei index up by 0.7 percent, after figures showed the world’s third-biggest economy was growing faster than analysts had predicted. The stronger-than-expected data showed Japan’s ...

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Asian stocks rebound after volatile Wall Street day

WT24 Desk Beijing — Asian stocks rebounded Thursday after Wall Street eked out a gain following volatility fueled by concern fallout from the U.S.-Chinese trade war will spread, AP reports. Market benchmarks in Shanghai, Tokyo and Hong Kong all advanced, recovering some of their losses following three days of anxiety over the decline of China’s yuan against the dollar. Investors ...

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Asian stocks follow Wall Street lower as trade war worsens

WT24 Desk Beijing — Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing’s trade war with President Donald Trump will harm the global economy, AP reports. China’s main index lost 2.5% and Tokyo fell 2%. Markets in Hong Kong, Sydney and Seoul also retreated. Beijing ...

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Global stocks tumble after China lets yuan sink

WT24 Desk Beijing — Global stock markets fell Monday after China allowed its yuan to sink to an 11-year low, fueling concern Beijing might use its currency as a weapon in a tariff war with President Donald Trump, AP reports. Market benchmarks in London and Paris fell 2% in early trading while Tokyo closed down 1.6%. Hong Kong declined 2.9% ...

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Bourse closes marginally higher

WT24 Desk Country’s premier bourse, Dhaka Stock Exchange (DSE), closed marginally on a higher note today as investors reacted cautiously prior to the Eid-Ul-Adha holidays, BSS reports. The broader index, DSEX closed with 0.060 points up at 5172.86 and the Shariah DSES also followed same with 0.147 points up at 1193.94. But, the blue-chip DS30 declined by 1.713 at 1836.78. ...

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Traders are betting big on a sudden drop in stocks and it’s starting to pay off

Traders have been loading up on call options in the Cboe Volatility Index, AKA the VIX or “fear gauge,” wagering on big price swings in the market.“There has been large call buying in VIX ahead of [the] much-anticipated FOMC announcement. It is especially interesting in that we haven’t witnessed as much bulky activity in VIX options since the great ‘Volpocalypse’ ...

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Asia markets in the red on tariff worries

WT24 Desk HONG KONG – Asian markets fell sharply Friday as US President Donald Trump’s decision to slap new tariffs on China ratcheted up investor fears over the trade war between the world’s top two economies, AFP reports. The losses in Asia followed a broad-based selloff on Wall Street, wherethe Dow finished 1.1 percent lower on Thursday, losing more than ...

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Tokyo shares under pressure as Fed voices caution

WT24 Desk TOKYO – Tokyo shares opened lower Thursday, trailing falls on Wall Street after the Fed cut rates but expressed a cautious view about future actions, AFP reports. The benchmark Nikkei 225 index lost 0.82 percent or 176.08 points to21,345.45 in early trade while the broader Topix index fell 0.58 percent or9.15 points to 1,555.99. Tokyo players took cues ...

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