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Apple (Swiss: AAPL.SW – news), for whom China is a key market, fell 0.5 percent to 116.60 and was the biggest drag on the Nasdaq and the S&P 500.

Britain’s Sebastian Coe or Ukraine’s Sergey Bubka will be elected president of the sport’s governing body at Congress today along with a fresh council.

The drop by shares of Wal-Mart came after the company reported weaker than expected second quarter earnings and lowered its full-year guidance. The Dow Jones Industrial Average fell 43 points, or 0.2%, to 17,503 at the open.

The Maldives’ authorities are to any sightings of particles after the invention of a flaperon on the island of Réunion within the Indian Ocean final month.

U.S. gold for December delivery rose 0.4 percent to $1,117.30 an ounce.

The Obama administration has warned China about the use of undercover operatives in the United States who are assigned to pressure Chinese fugitives to return home and in some cases to recover assets gained through alleged corruption, U.S. officials said.

China’s decision on Tuesday to allow markets greater sway in setting the currency’s level triggered the biggest sell-off in 21 years and roiled global markets. The Chinese authorities assured everyone that this is a one-time step. The peso closed at 46.215 to the U.S....

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.

China’s central bank on Friday raised the yuan currency against the US dollar by 0.05%, the national foreign exchange market said, ending three days of falls after a surprise devaluation.

Global economic norms proved no match for China’s subsidies for politically-connected enterprises, questionable respect for intellectual property rights, state-sponsored computer hacking, opaque crackdowns on foreign companies and poorlabor and environmental standards.

A Malaysian team have brought back two tiny objects from the Maldives to verify if they are debris from the missing Malaysian Airlines MH370 aircraft, Transport Minister Liow Tiong Lai said Sunday.

“The central bank has the ability to keep the renminbi basically stable at a reasonable and balanced level”, she said.

In addition, to its attempts to restore export volumes it is also rumoured that the Chinese are hoping to achieve reserve currency status.

What does it mean for those companies dependent on China?