“China said on Monday it was prepared to buy shares to stabilize the stock market and avert ‘systemic risks’, after major indices plunged more than 8 percent in the biggest one-day fall since 2007. The securities regulator also said market authorities would deal severely with anyone engaged in the ‘malicious shorting of stocks’, in Beijing’s latest attempt to stave off a full-blown market crash. Monday’s slump, amid growing doubts about the strength of the world’s second biggest economy, shattered three weeks of relative calm as a barrage of support measures helped stabilize values following a sharp sell-off that started in mid-June.”
http://www.reuters.com/article/2015/07/27/us-markets-china-stocks-idUSKCN0Q10KE20150727
Related posts:
Portugal warns EU-IMF troika to back off on austerity demands
Yahoo prepares to buy Tumblr for up to $1.1 billion
Uruguay takes 'war on drugs' in new direction: The state as dealer
UK ministers to seize back 100 powers from Brussels
2013 was a year for American rule breakers
Rand Paul: Blame Dick Cheney for Iraq violence, not Obama
Soda bottlers leave Mexican city after extortion by competing drug gang
The top five myths about Guantánamo Bay
Joe Biden's Case That Waging War Without Congress Is an Impeachable Offense
Gambling Website’s Bitcoin-Denominated Stock Draws SEC Inquiry
BRICS Nations Plan New Bank to Bypass World Bank, IMF
Pimco Using Ukraine Turmoil to Buy Cheap Russian Stocks
Can the military save America's ranchers?
Leland cop suspended after arresting man for recording another arrest
Rolls-Royce Lays Bare Entrenched Failings to Stunned Investors