Callum Henderson, Global Head of FX Research at Standard Chartered tells CNBC's Cash Flow that the forex markets should expect volatility in the coming weeks.
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South Koreans appear determined to cut down on spending during a large traditional holiday starting at the weekend in the face of spreading fears that the global economy may be headed back into a recession.
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Markets could rebound after Thursday's global sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report told CNBC Friday.
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Banks across Europe are braced to take as much as 17 billion euro ($24.5 billion) of writedowns on their holdings of Greek sovereign debt within a matter of days.
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