Terms of what were communicating. The ruble recovers from its biggest daily loss in 16 years, but russias woes claim another victim. Shares in Italys Saipem plummet. China has its biggest daily rise in over a year with banks and grocery stocks leading the way. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Brent and wti are currently trading lower after bouncing back during the u. S. Session yesterday. They are up today, up 0. 66 and 0. 23 respectively. Wti crawled back around 5 of recent losses to move back above 65 a barrel. Some oil drillers have responded to operations by putting their operations on hold. Operators around the globe are looking at stacking their rigs, meaning making them temporary idle. The 3406 is aimed at lowering costs despite the offset in the market, but remaining ready for reemployment when it recovers. Imf chief Christine Legarde says while low oil prices are good news for the u. S. Economy, they do add a threat
Its 5 p. M. On the east coast, 2 p. M. Out west. If you are just tuning in, thanks for joining us. Im Miguel Marquez in for fredricka whitfield. A tragic end to the summer in brazil. At least 233 people died, many of them College Students in an Early Morning fire at a crowded nightclub in the Southern City of santa maria. The students were celebrating the end of summer before heading back to classes on monday. How about this break out . There was a spectacular show at 2 00. Part of the show included pyrotechnics. The flames shooting up. They touched the foam, insulation foam on the ceiling and firefighters are saying this preliminarily, that might have been the cause of the fire. It spread throughout the building very, very fast, creating dense smoke. The place didnt have enough emergency exits. A lot of bodies were found in the restrooms. Why was that . One points, the emergency exits got blocked by people trying to get out of there, they got trampled. Authorities say security guards
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