In an effort to calm volatile markets, the PBOC said late last week it sees no reason for the yuan to fall further. Commonwealth Bank currency strategist Richard Grace said the Australian dollar will come under pressure from the lower yuan, as well as from factors such as lower...
The promise, which analysts said was designed to soothe investors’ frazzled nerves, came after the central bank’s shock devaluation of the yuan last week plunged global financial markets into turmoil.
The financial impact of traffic accidents, which factors in deaths, injuries and property damage, has also risen sharply, reports the NSC, climbing by 24 percent to $152 billion during the first half of this year compared to 2014.
Liberty Interactive – the media firm that owns buying channel QVC – introduced it can purchase on-line retailer Zulily in a deal value $2.four billion. “For years, as we have told the story of Zulily, Mark and I have compared the consumer experience of shopping...
Another employee had returned to the company after bearing a stillborn child only to shortly leave after she was listed on a “performance improvement plan”, the Times wrote.
But if there is a larger-than-expected split, it could complicate the message from the Bank’s governor, Mark Carney, who has sounded less urgent about the timing of a rate increase. However, he also emphasised that future rises will be slow, towards half the historical...
Homebuilders in the U.S. became slightly more optimistic about the country’s housing market during August, putting confidence levels up to where they have not been in over a decade during the housing boom that was fueled by debt.
U.S. Steel announced Monday it will permanently close its blast furnace and most of its flat-rolled operations at Fairfield Works in Fairfield, Ala., affecting 1,100 employees, according to U.S. Steel spokeswoman Sarah Cassella. “The modern construction of the EAF at...
The Chinese Navy contended in an official blog post that the Tsushima Strait, which cuts between the island of Kyushu and Japan’s Tsushima Island, constitutes worldwide waters open to the vessels or aircraft of any country.