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Global stocks lose almost USD 3 tn in August on China fears, rising US rates
MSCI benchmark of global stocks on course for its worst month since September
Microsoft is still chasing Activision and Goldman is dumping part of its “mass market” wealth management division
PLUS: Iran has turned on the oil taps and S&P Global followed Moody’s in downgrading the ratings of five US…
Arm Holding files for blockbuster IPO on Nasdaq
Arm could be one of the US’ biggest-ever tech listings
Corporate sukuk issuances made easy
Corporate sukuk issuances can now go ahead without a credit rating
EM stocks, bonds tank on political, economic worries
Stocks are on course for their worst August since 2015
Concerns about China’s USD 3 tn shadow banking sector are growing
Giant investment trust Zhongrong has missed payments to corporate investors
China slowdown, US banks weigh on global stocks
China’s central bank unexpectedly cut interest rates yesterday to arrest the country’s economic slowdown
Concerns about Chinese economy mount as country’s largest property developer wobbles
Analysts are warning of contagion if Country Garden defaults on its debt
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