Now playing Next Economy European shares fell sharply but came off lows after China suspends its circuit breaker mechanism European markets fell sharply on Thursday after China accelerated the depreciation of the yuan, but came off lows after the Shanghai and Shenzen 07/01/2016
Now playing Next Economy Oil slides below 33 dollars a barrel Oil slid below 33 dollars a barrel on Thursday as a result of rising US energy stockpile and China’s weakening currency. Benchmark Brent fell 4.7 07/01/2016
Now playing Next Economy European economies face harsh headwinds from China Headwinds from China again for European economies. As China’s financial markets remain relatively closed exposure for banks is limited, but trading 07/01/2016
Now playing Next World News European shares fall sharply as China accelerates depreciation of the yuan There was panic on global markets for a second time since the start of the year as China accelerated the depreciation of the yuan. European shares 07/01/2016
Now playing Next World News European shares tumble as worries over China intensify European markets fell sharply at opening on Thursday off the back of losses in China and across Asia. Germany’s DAX quickly declined by more than 3 07/01/2016
Now playing Next China China stock trading suspended again as shares plunge Trading on China’s stock markets was suspended for the day on Thursday, for the second time this week, as shares, again, nosedived more than 7 07/01/2016
Now playing Next World News Star Wars set to shatter global box office record Blockbuster movie “Star Wars: The Force Awakens” is on track to becoming the highest grossing film of all time. It has already shattered North 07/01/2016
Now playing Next Business Line Catching China's cold It is said when America sneezes the world catches a cold. In this first edition of 2016 we look at what happens to the world when China gets sick 06/01/2016
Now playing Next Economy Oil prices hit lowest in 11 years Oil prices have hit their lowest in over 11 years as the diplomatic fall out between Saudi Arabia and Iran has killed speculation that OPEC members 06/01/2016
Now playing Next Business Series Huawei smartphones top the 100 million sales mark Huawei has become the first Chinese company to ship more than 100 million smartphones. The 2015 shipments defied a market slowdown and jumped 44 06/01/2016
Now playing Next Economy Chinese services sector slowdown Another sign the world’s second-largest economy may be losing steam comes in a private survey which showed China’s services sector expanded at its 06/01/2016
Now playing Next South Korea UN Security Council to meet after North Korea claims H-bomb test A chorus of international condemnation has followed North Korea’s claim to have successfully conducted its first H-bomb test. Chairing a National 06/01/2016
Now playing Next World News Japan pledges firm response after North Korea H-bomb test claim Addressing Japan’s parliament, Prime Minister Shinzo Abe has condemned North Korea’s reported test of a hydrogen bomb as a threat to his country’s 06/01/2016
Now playing Next China China: Man detained after bus fire leaves 17 dead An apparently suicidal man suspected of starting a bus fire that killed 17 people in China has been detained after a siege on a building site, state 05/01/2016
Now playing Next China Fourteen die in China bus fire It’s been reported that 14 people have died in a bus fire in northern China. More than 30 others are said to have been injured. The incident 05/01/2016
Now playing Next Economy Chinese economic data sends tremors across stock markets “Violent New Year fireworks,” is how one analyst summed up events on Wall Street where the Dow fell 450 points having its worst opening day in 84 04/01/2016