Yangzijiang is now showing a shooting star at 200 day moving average acting as resistance. Will there be a bearish confirmation? Cosco is also behaving similarly to Yangzijiang. Brothers moving together?
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BBC News – Business- Eurozone bailout programme is finally overThe eurozone passes an important milestone on 20 August - the formal end of the bailout of Greece.
- Students risk overdraft debt spiralConsumer groups highlight leading student accounts but warn that many undergraduates rely on overdrafts.
- Tesla investors spooked by revelations in emotional interviewIn an "emotional" newspaper interview, Elon Musk also said he takes a sedative to help him sleep.
- House of Fraser collapse leaves major brands millions out of pocketTop fashion labels face large losses and online customers are in limbo from chain store collapse.
- Trump calls for end to quarterly reportingUS President tells US financial regulators to "look into" having companies report only twice a year.
- E-cigarettes can be key weapon against smoking, say MPsE-cigarettes are much less harmful than tobacco and shouldn't be treated the same way, MPs warn.
- Durham University to spend £105m on new collegesThe colleges are due to open in the summer of 2020.
- Half of staff fear workplace monitoring, says TUCThe TUC finds most workers believe firms are increasing surveillance of internet use and toilet breaks.
- US threatens more action against Turkey unless pastor freedThe US is demanding that Turkey release a detained US pastor or face further economic measures.
- Google employees criticise 'censored China search engine'Employees have written to the firm criticising its plans to launch a 'censored Chinese search service'.
- Eurozone bailout programme is finally over
- Reuters: Business News
- VW's CEO was told about emissions software months before scandal: Der SpiegelVolkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.
- China's Geely in deal to let Malaysia's Proton tap new-energy, other vehicle tech in global pushChinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker's line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.
- Chinese internet stock sell-off may shake faith in FANGsA steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel.
- Exclusive: U.S. government seeks Facebook help to wiretap Messenger - sourcesThe U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect's voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.
- Walmart asks some beauty suppliers to consider sourcing outside of ChinaWalmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
- Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down".
- Trump backs CEOs, proposes easing corporate reporting rulesU.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.
- Thyssenkrupp's interim chairman says structure is not sacrosanct: FocusThyssenkrupp's workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine.
- Venezuelans rush to shop, fill tanks before monetary overhaulJittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.
- Wall Street rises on upbeat trade newsU.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico.
- VW's CEO was told about emissions software months before scandal: Der Spiegel