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Jan 7th 2016, 14:00
Traders work on the floor of the New York Stock Exchange in New York, January 6, 2016. REUTERS/BRENDAN MCDERMID
Reuters: Wall Street shaken by China turmoil, oil slide
Wall Street was set to open sharply lower for a second straight day on Thursday after China allowed the yuan to fall further and oil prices slid to near 12-year lows, raising concerns over the state of the global economy.
China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff.
With Beijing accelerating the yuan's depreciation to make its exports more competitive, investors fear China's economy is even weaker than had been imagined.
Adding to the gloom, oil slid below $33 a barrel to near 12-year lows due to worries over weaker demand from China and an over-supplied market.
MIDDLE EAST
Syria conflict: 'Dire situation' in besieged villages.
Dispute over Turkish troops throws future of Mosul into question.
Heaviest air strikes yet strike Yemeni capital Sanaa - residents.
Iran accuses Saudi Arabia of Yemen embassy air strike.
Saudi Arabia says it shot down missile fired from Yemen.
Saudi-Iran row: Qatar joins action against Tehran.
Saudi will collapse if keeps its 'sectarian' policies: Iran Guards.
Bahrain says catches Iran-linked cell plotting attacks.
Hezbollah responds to Israeli assassination of commander.
ASIA
North Korea's nuclear test triggers warning from South Korea.
South Korea to restart propaganda loudspeakers on North's border.
Obama, Abe agree to coordinate response to North Korea nuclear test.
Border quiet as China weighs N. Korea nuke test response.
China lands more civilian planes on Fiery Cross reef.
Tamils 'still tortured' in Sri Lanka, say rights groups.
Chinese share trading halt sends cold ripples across Asian markets.
Talks uncertain as India says Pakistan must first hunt militants.
AFRICA
Truck bomb kills 65 at Libyan police training centre; explosion rocks Derna. Dozens killed in attack on Libyan police school. At least 65 killed in bomb attack on Libya police training center.
Gunmen fire at Israeli tourists in Cairo, no casualties: security sources.
Hutu militia kill 14 from rival ethnic group in east Congo: army.
US gives vehicles to Nigeria army; Insurgents attack village.
Somalia severs ties with Iran, stands by Saudi Arabia amid regional tensions.
Burkina Faso's president names economist as prime minister.
Egypt's Coptic Orthodox Christians flock to churches to attend Masses on Christmas Eve.
EUROPE
Putin greets Orthodox believers on Christmas Day. In pictures: Orthodox Christians celebrate Christmas.
Sex assaults in Germany could result in deportations. Tensions rise in Cologne over police handling of sex attacks.
Merkel wants authorities to get to bottom of Cologne attacks.
Huge influx of migrant men will lead to more sex attacks like those in Cologne, says analyst, as it's revealed Austrian police have ALSO covered up identical gang assaults.
Germany to send 550 more troops to Mali, Iraq missions.
Polish president signs controversial media bill into law.
Coca-Cola Crimea map move sparks Ukraine boycott calls.
Knife-wielding man shouting 'Allahu Akbar' shot dead trying to enter Paris police station. Man wearing fake suicide belt shot dead as he runs towards Paris police station shouting 'Allahu Akbar' on anniversary of Charlie Hebdo shootings.
Parliament to debate banning Donald Trump from UK. Donald Trump says he'll pull Scotland investment if Britain bars him.
AMERICAS
US Senators eye sanctions after North Korea's claimed nuclear test.
North Korea bomb claim a new challenge for Clinton campaign.
Mexican drug lord 'Barbie' pleads guilty in US court.
Guatemala arrests 14 retired military officers for civil war atrocities.
Canadian PM: We won't bomb ISIS even if attacked.
Biden regrets not running for president 'every day'.
Powerball climbs to $675 million after no winners in draw.
TERRORISM/THE LONG WAR
Two Guantanamo detainees transferred to Ghana.
IS expands car bomb attacks from Iraqi desert.
Islamic State militants target Saudi Arabia.
ECONOMY/FINANCE/BUSINESS
China trading halt sparks 3% fall for Europe shares.
China's 29 minutes of chaos: Stunned brokers and a race to sell.
George Soros sees crisis in global markets that echoes 2008.
Oil price tumbles to below $33.
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KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......
Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.
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