News Headlines - 11 August 2015
▽Close Update: Stocks Undermined by Chinese Devaluation of Yuan - NASDAQ.com
Stocks gave back nearly all of Monday's gains and went back on the defensive after the unexpected move by the Chinese to devalue the yuan sent global financial markets into a tailspin, roiling stocks for steelmakers, miners, energy and even those that sell luxury items. The Dow Jones Industrial Average fell back below 17,500, sending its 50-day moving average below the 200-day moving average for the first time since December 2011.
▽India-born Sundar Pichai is new CEO of Google - The Times of India
India-born Sundar Pichai was named CEO of Google on Tuesday by the company's founders Larry Page and Sergei Brin in course of a re-organization that created a mother company called Alphabet.
▽Google Creates New Company Called Alphabet, Restructures Stock - Bloomberg Business
Alphabet Inc. will be name of the new conglomerate. Google Inc., along with YouTube, Android mobile software and other Web-based products, will be a key part of that. Alphabet will also include Calico, Google Ventures, Google Capital, Google X and other subsidiaries, the Web company said in a blog post Monday. The goal isn’t to make Alphabet a consumer brand, Chief Executive Officer Larry Page said.
▽Japan restarts first nuclear power plant since Fukushima - BBC News
Japan has restarted its first nuclear reactor under new safety rules following the 2011 Fukushima disaster.
All Japan's nuclear plants were gradually shut down after a series of meltdowns at the Fukushima plant sparked by the tsunami and earthquake.
Thailand’s foreign minister said his North Korean counterpart has invited Thai businesses to invest in his country because Thais are trustworthy and don’t interfere with matters that don’t involve them.
