Prime Finance is Business Insider’s midday summary of the top stories of the past 24 hours.
The big news of the day, once again, is China.
China shut down its stock market for the second time in four days after a 7% meltdown in 15 minutes. It has since said that the so-called circuit-breaker rule that brought an early end to trading would be suspended.
The country also revealed that it burned $3.5 billion a day in December trying to manage the devaluation of the yuan.
On Wall Street, the path has been cleared for Morgan Stanley executive Colm read more >>>
Source : BusinessInsider.Com