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General Motors shares fell 3.5 percent to $30.83, though it said the devaluation of the yuan would have a “limited and manageable” impact on its business.

European stocks were still poised for their worst week in four, though, after China’s surprise currency devaluation on Tuesday.

The central People’s Bank of China (PBOC) announced to improve its central parity system to better reflect market development in the exchange rate between the Chinese yuan RMB against the U.S. dollar on Tuesday. For the week the yuan declined by almost 3% – its...

Brent crude LCOc1 slipped 1.1 percent to US$49.13.

Anxiety gave way to relief on global markets as China’s central bank eased concern that a shock currency devaluation would trigger broader financial turmoil.

Asian stock markets stabilized Thursday as the fall in the Chinese yuan slowed and the country’s central bank tried to dampen speculation of further devaluation.

Though China said its strong economic fundamentals provided “strong support” for the yuan, sources told Reuters that some within the government were pushing for the yuan to go even lower.

A man walks past a display showing stock prices in Tokyo August 12, 2015.

He said the statements alleviated concerns of a currency war. On Thursday, the central bank tried to ease fears of more big declines, saying the yuan was close to “market levels”. Shares sank Wednesday, August 12, 2015, as China let its currency fall for a second day...

The PBOC also said on Thursday that it would monitor “abnormal” cross-border flows after the devaluation raised fears that investors would seek to pull capital out of China in anticipation of further falls in the currency.

The Chinese exchange rate for the yuan fell over 1% overnight even as Peoples’ Bank of China (PBOC) officials tried to stem the decline with verbal and monetary support.

Whatever you choose to call it, China’s currency this week roiled global markets after the central bank’s sudden move to devalue it. The decision sparked fears of a new currency war and even drew the ire of Republican presidential candidate Donald Trump.

HONG KONG (AP) – World stock markets rebounded Thursday as the fall in the Chinese yuan slowed and the country’s central bank tried to dampen speculation of further devaluation.

Gold futures on the COMEX division of the New York Mercantile Exchange rose on a weaker US dollar.

Hence the 4 percent fall in China’s yuan in the last two days will not change the course of business dynamics between the two nations majorly.