Been anything learnt for the second time in this week chinese stocks have plunged and markets closed after heavy losses triggered an automatic trading halt, wiping 640 billion dollars off in 15 minutes. That has been because of low relations. Traders are worried about the weakness of the chinese currency and thats causing them to pull out of investments. On monday, signs that the economy was weaker than expected, shares plunging more than 7 . That was on the first trading day of this year. Since the stock sell off began last april, its down 23 from its peak. Speaking to adrian brown about the reaction from than investorss with the fall in the chinese markets. Reporter what has been happening this week on china stock markets is in a way unprecedented. For the second time in just three days trading was halted in shenzhen and shanghai after the index fell below 7 . A lot of focus today among the analysts weve been talking to about the socalled Circuit Breakers, these systems that shut dow
Be an increase risk. Lets go to sydney, paul allen is there. What sort of risks are these leaders talking about . Canadas finance minister summed it up neatly. He said that the search for return in a low yield environment is prompting investors to seek higher risk investments. There is a rare if there is a reappraisal, there could be considerable losses. The finance ministers and governors to debate whether to include in their communique, a warning for investors to be vigilant about taking risks. In the end, they left it out. The factor that has been leaked lets them have it each way. That they are concerned that the easy monetary conditions to produce excessive risktaking. If there is a rest and having too much stimulus, there is also a risk in withdrawing it. We have seen that with the capital outflows from emerging markets. There are suggestions that the outflow is going to harm the g20, and others that it is promoting Economic Growth. What about that . That is something that the tr
Split the ceo and chairman roles. Frederick keeps his job while Vice President steps in as chairman. Lets get out to one of our top stories today. Chinese stocks suffered the worst drop many more than six years led by the countrys three largest broke ages have been banned from opening new trading margins for three months. It follows a investigation into high risk activity. Joining us live from beijing on the latest. Hi. Thats right. It is driven by a crack down on margin trading here. The countrys regulators had issued a warning to 1 different brokerages and they punished three of those firms. These are three major industry heavy weights here. And these companies now face a temporary ban for about three months on opening new margin accounts. The reason we saw it a lot of people are worried the move will dent the buying in stocks. The shanghai rally has been driven in large part to the margin trading that has been going on here. A lot of people have been flocking to the stock market and
Quorum call quorum call quorum call s mr. Chambliss mr. President , i ask that the quorum call be dispensed with and i be allowed to speak in morning business. The presiding officer without objection. Mr. President , i rise today along with my colleague from New Hampshire s been very focused, as havere i, on this issue of the release of detainees from guantanamo and the fact that we know that not only are there dangerous individuals there that should not be released, but we also know that these individuals are returning to the fight and theyre scheming, planning and intending to do harm to america and americans. So i want to visit this issue again and i want to start off just by saying that its well founded in our nations history that the United States has the authority to hold enemy combatants until the end of hostilities in order to prevent their return to the battlefield. For the past several years, each National Defense authorization act that has been signed into the law by the pre
Pam the will the west we have experienced today are just the beginning of the storm system that is upon us right now. This of the live picture the coastal lands plus set off of the ocean beach into the road closing part of the great highway from slot the skyline. I went and also brought down this trade. This is at height and weight of this up in San Francisco. While the trade message nearby homes, it did smash alexis. Up next rain. Vanessa bezic is tracking the storm right now from our weather center. Reporter will most and eight degree drop in are temperatures overnight. Will get wind speed in the teens and rose up were looking at sustain when than half moon bay. Sustained winds. We got mostly some dusty stores to the north east. At gusty storms to the north east. In the bay area you dont feel lot of weather and wet weather right now but that could change at were dress now see a few sprinkles. It will be pushing directly south into the time ride one have some spotty showers. Will sant