Market News


China central bank says halts ‘regular’ yuan intervention, will manage volatility

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

U.S. budget deficit widens to $149.2 billion in July

Wed Aug 12, 2015 3:24pm EDT
The United States posted a budget deficit of $149.2 billion in July, up 58 percent from the same period last year, the U.S. Treasury Department said on Wednesday. More

China lets yuan fall further, fuels fears of currency war

Wed Aug 12, 2015 10:29am EDT
China’s yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it, and sources said clamor in government circles to help struggling exporters would put pressure on the central bank to let it drop lower still. More

Germany examining whether EU can guarantee Greek debt to IMF: Die Zeit

Wed Aug 12, 2015 5:28am EDT
The German government is looking at whether the European Union could provide guarantees for Greek debt to the International Monetary Fund (IMF) in order to keep the Fund on board and avoid the need for major debt relief, German weekly Die Zeit reported. More

China devalues yuan after poor economic data

Tue Aug 11, 2015 3:43am EDT
China devalued its currency on Tuesday after a run of poor economic data, a move it billed as a free-market reform but that some suspect could be the beginning of a longer slide in the exchange rate. More

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