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August 22, 2015 MONEY (MSM)

Emerging market worries prompt selloff, but bulls remain

The steep selloff that pushed down the benchmark Standard & Poor’s 500 index five percent over three days may say more about the outlook for emerging markets than U.S. companies in the fourth quarter, fund managers and analysts say. China’s economic slowdown, recessions in Latin American countries such as Brazil and Chile, and a breakdown in commodity prices – combined with a thinly-traded market as many investors become more focused

August 22, 2015 MONEY (MSM)

IMF official says 'premature' to speak of Chinese crisis

Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day drop in nearly four years. “Monetary policies have been very expansive in recent years and an adjustment is necessary,” said Carlo Cottarelli, an IMF executive director representing countries such as Italy and Greece on its board.