China’s devaluation of the yuan could wallop us — Mercury News editorial
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China’s devaluation of the yuan could wallop us — Mercury News editorial

The country’s Central Bank raised the value of the yuan by 0.005pc against the dollar.

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Crude Oil Bounces From 4-month Lows
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Crude Oil Bounces From 4-month Lows

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude…

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Dumping of Chinese goods will not be allowed: Commerce Minister
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Dumping of Chinese goods will not be allowed: Commerce Minister

Stating that devaluation of Chinese currency was a “very serious issue”, she said it could…

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Dollar ticks up as China stops guiding yuan lower
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Dollar ticks up as China stops guiding yuan lower

The Chinese central bank’s “opaque communications policy may well have led to panic over-selling earlier…

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Buffett to buy Precision Castparts for 37bn
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Buffett to buy Precision Castparts for 37bn

Precision Castparts led industrial stocks higher after Warren Buffett’s Berkshire Hathaway agreed to buy the…

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US bond prices drop as stocks bounce
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US bond prices drop as stocks bounce

Meanwhile, U.S. stocks inched lower Thursday morning in choppy trading after the S&P 500 scored…

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China reverses currency devaluation
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China reverses currency devaluation

The devaluation sparked fears of a global “currency war” and accusations that Beijing was unfairly…

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Saudi Arabia’s oil production drop provides support to crude
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Saudi Arabia’s oil production drop provides support to crude

“It will be several years before there is a viable recovery in prices … and…

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How the Dow Jones industrial average fared on Wednesday
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How the Dow Jones industrial average fared on Wednesday

Asian stock markets drifted Friday as China’s currency stabilized for a second day, easing uncertainty…

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China tries to dampen fears of more big devaluations
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China tries to dampen fears of more big devaluations

The central bank aims to open up its currency market to foreign investors and extend…

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