Wal-Mart misses 2Q profit forecasts
August 19, 2015
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Business

Wal-Mart misses 2Q profit forecasts

Shares slipped 47 cents to $71.91 in pre-market trading. Earnings were however within management’s guidance…

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Yuan Halts Three Day Slide
August 19, 2015
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Business

Yuan Halts Three Day Slide

The PBOC also said on Thursday that it would monitor “abnormal” cross-border flows after the…

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China’s yuan stabilizes after three-day-slide
August 19, 2015
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Business

China’s yuan stabilizes after three-day-slide

Letting the market steer the yuan is the kind of move that should please critics…

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Shanghai index leads markets lower as China worries remain
August 19, 2015
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World

Shanghai index leads markets lower as China worries remain

Shares of importers and firms with high U.S. dollar-denominated debt have been under pressure following…

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European Shares Struggle Following Turmoil in Chinese Markets
August 19, 2015
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Business

European Shares Struggle Following Turmoil in Chinese Markets

It’s an interesting week in the currency markets, especially for China’s renminbi, which fell in…

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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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Yuan opens weaker, but stronger than central bank midpoint
August 18, 2015
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Business

Yuan opens weaker, but stronger than central bank midpoint

That has put the market focus back on a looming US rates increase. The complex…

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Rupee weakens 15 paise against dollar in early trade
August 18, 2015
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World

Rupee weakens 15 paise against dollar in early trade

Bears dominated the money market on Monday as the rupee tumbled with modest losses versus…

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Most Chinese Stocks Decline After Index Rises to Three-Week High
August 18, 2015
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Business

Most Chinese Stocks Decline After Index Rises to Three-Week High

China’s main stock index remained relatively resilient through the volatility that followed the yuan’s devaluation,…

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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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