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By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT. more...

"If Chinese growth really slows down or if they have a crash... it could trigger a vicious circle on the downside and I would say there is a fairly good chance that this could happen," Marc Faber, managing director, editor and publisher at The Gloom Boom & Doom Report told CNBC. "This would be...