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The yuan tumbled 1.8 percent, the most in two decades, on the day of the devaluation and declines have since moderated as the PBOC intervened via agent banks and signaled its support for the currency.

China cut the reference rate for its currency for the third straight day, on Thursday after the surprise devaluation of the yuan this week unsettled global financial markets. The PBoC also “dismissed claims it intended to weaken the yuan by 10% to support exports as...

Kyle Busch won a six-lap shoot-out after multiple late cautions to win the 16th Annual Careers for Veterans 200 Camping World Truck series race Saturday afternoon at Michigan global Speedway.

Claiming the Centre is aware of the impact of Chinese yuan devaluation on Indian exports, the Minister said it would take steps to prevent dumping of Chinese good into India.

The People’s Bank of China said the change was aimed at making the tightly controlled yuan more market-oriented. The new exchange rate policy also tallies with the long-standing pledge by China’s leaders to let supply and demand play a “decisive role” in...

Overall producer prices were down 0.8 per cent in July from a year earlier, while core prices were up only 0.6 per cent. It was the first decrease in the goods index since April. The dollar pared losses against a basket of currencies.

Hey, maybe I should be on this show. Thankfully, once we got inside the tent things settled down and Mel and Sue’s comforting tones swept around me like a warm scarf.

“The central bank will frequently intervene in the foreign-exchange market in the next three months because it needs to ensure the yuan is stable”.

The Kannada-language film marked the end of a dry spell of eight years since an Indian film has been selected in competition at the Locarno global Film Festival.

But Governor Mark Carney has signaled the bank is “moving closer” to a rate increase as economic growth remains among the fastest among advanced economies.

In the previous two days, the central rate – around which the yuan is allowed to trade in a band of plus or minus 2 percent – had been marked 1.9 and 1.6 percent lower, respectively.

Italian economic growth slowed to 0.2 per cent in the second quarter after seeing 0.3 per cent in the first quarter. The single currency did gain back some ground in the second quarter, rising just over 2 percent, but since the start of the year it is down nearly 6 percent.

An environmental expert says evacuation of the area around Wednesdays mammoth warehouse blast in the Chinese port city of Tianjin is the “main priority, ” and warned of the explosions long term consequences.

The world’s oldest living cat is once again Corduroy, a 26-year-old tabby born in the 1980s who was briefly dethroned of his title.

At least 56 are known dead, among them 21 firefighters, but many are still missing, including dozens of employees of the company that owed the warehouse, according to Xinhua. Authorities said the toll could have been much higher if the disaster hit a more populated area. The...