China yuan devaluation sparks global stock and oil selloff
The yuan’s 1.9 percent drop triggers broad market declines as investors fear a slower Chinese economy. S&P 500 falls 1.0 percent, Dow down 1.2 percent, Nasdaq off 1.3 percent amid oil rout and commodity weakness. Apple Yum Brands Wynn slide as energy and materials names retreat. Oil ends near six-year lows as OPEC raises output.
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Michael Scanlon
John Han
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Greece Moves Toward Harsh Three Year Bailout Terms
Greece clinched a preliminary 85 billion euro bailout plan and seeks rapid parliament approval after near final talks with creditors. Tsipras faces Syriza dissent and must secure eurogroup and EU backing before a debt repayment due August 20.
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Athens
Greece
Alexis Tsipras
Tsipras
Athens Stock Exchange
European Central Bank
Hackers and traders conspire on $100 million insider crime on Wall Street
Federal authorities charged nine people in the United States and Ukraine in a vast hack-and-trade scheme that stole earnings releases from major wire services and fled with about $100 million. SEC civil actions target nine defendants plus 23 others across the US and Europe. The case underscores growing cyber threats to global markets.
MENTIONED IN THIS ARTICLE
Newark
Wall Street
U.S
Ukraine
Securities and Exchange Commission
Europe
SEC
Mary Jo White
Blue Bell Resumes Ice Cream Shipments After Listeria
Blue Bell Creameries has restarted ice cream shipments four months after a listeria outbreak halted sales. The Brenham based company announced on social media that trucks are on the road with products, though locations and retailers were not specified. The recall followed 10 illnesses in four states and three deaths in Kansas. Plant cleaning and decontamination occurred in Brenham, Alabama, and Oklahoma.
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Brenham
Texas
Blue Bell Creameries
Blue Bell
Kansas
Alabama
Oklahoma
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