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Chinese shares continue to slide

Posted by Warren Fyfe on July 8, 2015 in Warren Fyfe Site

The dramatic sell-off in China’s main stock market has continued despite efforts by regulators to try to stem the losses. The Shanghai Composite index plunged 8% on opening, taking the drop in share values to 30% since their June peak. On Wednesday, another 500 listed firms said they would stop trading their shares in an [...]

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‘Don’t let Europe split’

Posted by Warren Fyfe on July 8, 2015 in Warren Fyfe Site

Greek Prime Minister Alexis Tsipras has promised his government will submit “credible reform” proposals to its creditors on Thursday. Mr Tsipras was speaking during a fractious debate on the Greek debt crisis in the European Parliament. Greece is desperate for a third bailout to avoid bankruptcy and possibly crashing out of the euro currency. European [...]

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Osborne unveils ‘Budget for workers’

Posted by Warren Fyfe on July 8, 2015 in Warren Fyfe Site

George Osborne is setting out a “Budget for working people” that will create a “lower tax, lower welfare” country. In the first Tory Budget since 1996, the chancellor is expected to cut billions from tax credits and housing benefit – and scrap student grants. But he is likely to spread the £12bn in welfare cuts [...]

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