NW Business and Finance

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Renminbi Devaluation Triggers Concerns of Currency War + MORE

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Following the decline in Wall Street, Asian shares were mixed on Monday. Whilst Japan’s Nikkei 225 index gained +0.34%, Hong Kong’s Hang Seng Index slipped -0.3% at the time of writing this report. The latter is nonetheless affected by the -2.86% selloff of China’s CSI 300 index, as both trade and inflation data…

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USDCNY continued to move higher on Thursday after PBOC cuts renminbi’s (CNY) reference rate by -1.9%. This move has triggered concerns of the revival of a currency war which might deteriorate global economic growth. Market sentiment damped, sending Wall Street lower (DJIA and S&P 500 losing -1.21% and -0…

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Vancouver, BC, Canada – August 12, 2015 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) reports that it has acknowledged and agreed with the arrangements entered into between Alaska Hardrock, Inc. (‘AHI’) and the surface owner of areas of the Willow Creek, Alaska project that is leased to Miranda.

Until this arrangement was entered into, the surface rights and mineral rights of the patented claims at Willow Creek were severed, and they have now been re-joined…

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Commodities rebounded, sending equities higher, whilst Treasuries softened. Energy prices led the rally as the DOE/EIA showed that US shale output fell for a 5th consecutive month and as refinery outage lifted gasoline and diesel higher.

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Bearish supply outlook continued to pressure oil prices, sending crude prices lower for the 6th consecutive week. Both the front-month WTI and Brent crude contracts declined -6.90% during the week. Iranian oil minister Bijan Namdar Zanganeh noted that production can increase by +0.5M bpd within a week after sanctions end and by 1M bpd within a month following that…

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