European Stocks Close Lower Again On Growth Worries

European stocks closed lower on Wednesday on weak global cues amid concerns about the outlook for growth after data showed continued contraction in U.S. factory activity, and cooling labor market. A downward revision in Eurozone composite PMI weighed as well. Investors fretted about weakening Chinese growth as well. Economic activity in the U.S. manufacturing sector...

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Swiss Market Ends Sharply Lower

The Switzerland market ended sharply lower on Wednesday, tracking weakness in global markets amid rising concerns about economic slowdown in the U.S. and China. The benchmark SMI ended down 172.02 points or 1.39% at 12,176.17. The index touched a low of 12,133.05 in the session. Richemont dropped 5.8%. Logitech International and Swatch Group lost 4.17%...

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Australia July Trade Surplus A$6.009 Billion

Australia posted a merchandise trade surplus of A$6.009 billion in July, the Australian Bureau of Statistics said on Thursday. That exceeded expectations for a surplus of A$5.050 billion and was up from the downwardly revised A$5.425 billion surplus in June (originally A$5.589 billion). Exports were up 0.7 percent following the downwardly revised 1.4 percent increase...

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DAX Extends Losses As Growth Worries Mount

German stocks fell on Wednesday to extend losses from the previous session as investors fretted about weakening U.S. and Chinese growth. Economic activity in the U.S. manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months, raising concerns the worlds largest economy is headed for recession....

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CAC 40 Extends Slide As Growth Worries Weigh

French stocks traded lower on Wednesday to extend losses from the previous session as weak U.S. manufacturing data reignited recession fears. Disappointing services sector activity data from China and a disagreement among ECB policymakers on the outlook for regional growth also dented investors appetite for riskier assets. The benchmark CAC 40 was down 64 points,...

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FTSE 100 Dips On Growth Concerns

U.K. stocks traded lower on Wednesday amid concerns about slowing U.S. and Chinese growth. Meanwhile, the U.K. service sector activity expanded at the fastest pace in four months as the post-election upturn in business activity and new work was sustained in August along with easing inflationary pressures, final survey data from S&P Global showed. The...

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SEC Fines Moodys, S&P, Other Credit Rating Agencies Over Recordkeeping Failures

The U.S. Securities and Exchange Commission has fined six major credit rating organizations a total of $49 million for significant failures to maintain and preserve electronic communications. Admitting the facts in their respective SEC orders, Moodys Investor Service Inc. and S&P Global Ratings agreed to pay a $20 million civil penalty each. Further, Fitch Ratings...

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