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Business News
3 reasons markets lost faith in China's economy, at a glance
For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors have begun to lose faith in Beijing's economic management....
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Doubts about China's economic leadership sap confidence
WASHINGTON (AP) -- The fear that gripped financial markets this month is a stark one: That China's economy might be slipping into a decline that could persist for years....
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Fed Vice Chair Fischer keeps open possibility of Sept. hike
WASHINGTON (AP) -- Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade....
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Berkshire Hathaway builds stake in refiner Phillips 66
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment....
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Michelin recalls truck, RV tires prone to rupturing
Michelin is recalling around 104,000 BF Goodrich tires used for light trucks and recreational vehicles because the sidewalls can rupture under severe use conditions....
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