What’s behind the China’s yuan devaluation
August 14, 2015
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What’s behind the China’s yuan devaluation

Vice-governor Yi said China would quicken the opening of its foreign exchange market and would…

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China raises yuan fix for 1st time since devaluation
August 14, 2015
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Business

China raises yuan fix for 1st time since devaluation

Bloomberg News reported Wednesday the central bank had intervened in the market to buy dollars…

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Fed’s Fischer suggests September rate hike not a done deal
August 13, 2015
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Fed’s Fischer suggests September rate hike not a done deal

On Friday, we learned from the Bureau of Labor Statistics that US companies added a…

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Asian Stocks Stabilize as China Yuan Turmoil Subsides
August 13, 2015
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Business

Asian Stocks Stabilize as China Yuan Turmoil Subsides

China is the world’s second-largest economy, but its exports have dropped and some interpreted the…

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Yuan fall fuels fears of currency war
August 13, 2015
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Business

Yuan fall fuels fears of currency war

“The sudden move on the part of China to devalue its currency yuan will have…

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US, world stocks steady as China soothes yuan weakness fears
August 13, 2015
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Business

US, world stocks steady as China soothes yuan weakness fears

Another drop in China’s currency shook markets around the world for a second straight day…

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China allows yuan currency to drop for third day
August 13, 2015
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Business

China allows yuan currency to drop for third day

Beijing broadly has stuck to its commitment to set the yuan’s daily reference exchange rate…

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Yuan fall fuels China-West currency war
August 13, 2015
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Business

Yuan fall fuels China-West currency war

But in a surprise announcement on Tuesday, the central bank cut its daily reference rate…

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China tries to quell fears of more big devaluations
August 13, 2015
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Business

China tries to quell fears of more big devaluations

With the bank having said that Tuesday’s move was a “one-off depreciation”, the rapid drop…

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Yuan falls to 4-year low in Wednesday trading
August 13, 2015
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Business

Yuan falls to 4-year low in Wednesday trading

PBoC’s Deputy Governor Yi also said there was “no basis for a persistent weakening in…

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