Is Europe's migrant crisis getting out of hand? Death and desperation mounted in Europe's migrant crisis Friday as Austrian police said 71 people appeared to have suffocated in the back of an abandoned truck, while an estimated 200 people were feared drowned off Libya when two overloaded boats capsized.
Source: The Associated Press
Volatility value picks Peter Tuz, Chase Investment Counsel President, looks at value picks for your portfolio.
China slowdown hits the Vegas Strip We know that China's slowdown has hurt Wall Street. But it's also causing problems in that other famous center of American speculation.
| By: Alex Rosenberg
Brace for QT, quantitative tightening, as China leads FX reserves purge But a counter flow- call it "quantitative tightening"- is gathering force as China sells foreign exchange reserves to protect its economy and markets from the recent surge of capital out of the country. Analysts at Citi estimate that global FX reserves have been depleted at an average pace of $59 billion a month in the past year or so, and closer to $100 billion over...
| By: Jamie McGeever
CNBC update: Hawaii's Kilauea Volcano active The U.S. and South Korea are holding a military drill today; Austria's Interior Ministry says investigators found more than 70 bodies in a truck full of refugees; and Hawaii's Kilauea Volcano is active again, reports CNBC's Sue Herera.
Think-tank WEF calls for rethink of anti money-laundering rules LONDON, Aug 28- Regulators and central bankers should rethink how rules are applied to stop extremist financing and money laundering, or some emerging market economies risk grinding to a halt, an official of the World Economic Forum think-tank said. Banks are under pressure to make burdensome checks on cross-border financial transactions, at the risk of...
| By: Huw Jones
UPDATE 2-Russian oil firms raise profits and output, spurred by rouble weakness *Bashneft, Gazprom Neft grow Q2 profits in rouble terms. *Lukoil's dollar profits down, will switch reporting to roubles. On Friday, Bashneft, a medium-sized Russian oil producer, posted a 13 percent increase in second quarter net profit to 17.9 billion roubles, following strong results by Gazprom Neft earlier this month.
| By: Katya Golubkova
Pisani's market opens in the red CNBC's Bob Pisani looks at what's moving in early morning trading, as interest rate sensitive sectors fall and ETFs see heavy volume.
Marco Rubio: China's leaders are tyrants China is not a democracy, says Sen. Marco Rubio, (R-Fla.), weighing in on the government's crackdown on human rights. Their values are not the kind of world I want to live in, says Rubio.