International Monetary Fund freezes SDR currency basket, deferring any yuan move
August 20, 2015
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International Monetary Fund freezes SDR currency basket, deferring any yuan move

The fund’s executive board approved an extension of the current basket of reserve currencies included…

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China Devalues the Yuan for a Second Consecutive Day
August 18, 2015
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China Devalues the Yuan for a Second Consecutive Day

“The late rout in Chinese stocks appears to have knocked sentiment in Europe this morning”.

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Sebastian Coe elected as new IAAF president
August 18, 2015
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Sports

Sebastian Coe elected as new IAAF president

Sebastian Coe has been elected president of the worldwide Association of Athletics Federations (IAAF.).

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Shanghai index plunges more than 6 percent
August 18, 2015
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Business

Shanghai index plunges more than 6 percent

Chinese stocks earlier plunged on concerns that companies may pull more money out of China…

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Currency war fears ease; oil hits six-year low
August 18, 2015
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Business

Currency war fears ease; oil hits six-year low

If it sets Friday’s mid-point below Thursday’s level, at 6.4010 to the dollar, it could…

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Many factors at play in the devaluation of yuan
August 18, 2015
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Business

Many factors at play in the devaluation of yuan

The central parity rate for Thursday was fixed at 6.4010, which was lower by 1.1…

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[Editorial] Devaluation of yuan
August 18, 2015
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Business

[Editorial] Devaluation of yuan

To express its commitment to the transformation of China’s economy, the Xi Jinping administration went…

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S and P in praise of Chinese yuan devaluation
August 17, 2015
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Business

S and P in praise of Chinese yuan devaluation

But officials also said the yuan’s underpinning remains firm and that its value should strengthen,…

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Relatives of flight MH370 victims seek meeting with Malaysian officials
August 17, 2015
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Business

Relatives of flight MH370 victims seek meeting with Malaysian officials

Foot patrols, helicopters and navy units would also take part in search operations covering the…

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China strengthens yuan rate against dollar by 0.01%
August 17, 2015
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Business

China strengthens yuan rate against dollar by 0.01%