Chicago PMI: Sep Chicago Business Barometer Down 5.7 Points to 48.7 The Chicago Business Barometer declined 5.7 points to 48.7 in September as Production growth collapsed and New Orders fell sharply.The drop in the Barometer to below 50 was its fifth time in contraction this year and comes amid downgrades to global economic growth and intense volatility in financial markets which have slowed activity in some industries…
* Mixed reaction from finance industry, insurers (Adds Hill news conference, reaction)
BEIJING, Sept 30 (Reuters) – China issued detailed rules on Wednesday allowing foreign central banks, sovereign wealth funds and international financial institutions to participate in interbank foreign exchange trading in the country.
LONDON, Sept 30 (Reuters) – Global investors pulled an estimated $40 billion from emerging market assets in the third quarter, according to data from the Institute of International Finance, making it the worst quarter since the end of 2008.
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