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Stocks post worst week in years on China fears

Last Updated: Saturday, August 22, 2015, 09:14

World stock markets tumbled on Friday and U.S. oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold.

Forex reserves jump $1 billion to $354 billion after 2 weeks of dips

Last Updated: Friday, August 21, 2015, 20:50

After declining for two straight weeks, the foreign exchange reserves rose by a healthy USD 1.086 billion to touch USD 354.433 billion for the week to August 14, led by an increase in foreign currency assets.