Market News


China’s yuan stabilizes after historic weekly loss

Mon Aug 17, 2015 3:19am EDT
China’s yuan held steady against the dollar on Monday on a firmer official midpoint fix, pointing to continued efforts by the central bank to calm frayed nerves after last week’s surprise devaluation sliced 3 percent off the currency’s value.

Greek PM Tsipras wins bailout vote, faces widening rebellion

Fri Aug 14, 2015 4:50am EDT
Greek Prime Minister Alexis Tsipras confronted a widening rebellion within his leftist Syriza party as parliament voted to approve the country’s third financial rescue by foreign creditors in five years. More

Euro zone economy sputters as China risks loom

Fri Aug 14, 2015 4:48am EDT
Germany enjoyed robust if unspectacular growth in the second quarter while the French economy stagnated, leaving policymakers looking at a fragile euro zone recovery and risks from volatile Chinese markets. More

China central bank tries to soothe global markets, says no reason for yuan to fall further

Thu Aug 13, 2015 4:54am EDT
China’s central bank said on Thursday there was no reason for the yuan to fall further given the country’s strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. More

European shares rally, bonds fall on China’s yuan assurances

Thu Aug 13, 2015 4:44am EDT
European shares rallied on Thursday after China’s central bank said there was no basis for further yuan depreciation after a devaluation this week that has seen the currency slide around 4 percent. More

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