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.
Beijing on Friday narrowly won an IOC vote for the 2022 Winter Olympic Games that secured its place in sporting history. The result of the first vote was not disclosed.
Second-quarter revenue rose 28 percent to $3.26 billion, which not only fell below the $3.39 billion analysts polled by Thomson Reuters had forecast, but also represented its slowest quarterly revenue growth in three years. Investor confidence has been shaken, with the...
Vietnam allowed the nation’s currency, the dong, to trade in a wider range, adding flexibility which could insulate the country’s exporters from China’s moves, while the Malaysian ringgit and the Indonesian rupiah both fell to their lowest levels since the 1998...
Kuala Lumpur: Beijing on Friday narrowly won an IOC vote for the 2022 Winter Olympic Games that secured its place in sporting history. Now, Beijing will be the first do it – and in the span of just 14 years. “You are taking a lot of assumptions….”
Malaysian Transport Minister Liow Tiong Lai said that the differences between his country’s firm declaration and France’s less categorical one were “down to a choice of words”.
The move to allow more flexible trading “could help maintain the flexibilty of the country’s monetary policy as cross-border financial flows increase“, S&P said.
In recent weeks, Beijing has rolled out an unprecedented series of support measures to prevent a full-blown market crash, including cajoling Chinese brokerages and pension funds to buy stocks and cracking down on short-selling.
But Martin Dolan, chief commissioner of the Australian Transport Safety Bureau (ATSB), the agency leading the search, said that the ATSB was working on the assumption that the wing part was linked to MH370. Family members in China say they want to be taken to the island of Reunion.
Relatives of passengers on missing Malaysia Airlines MH370 argue with police officers after the relatives tried to push through a police line outside the Malaysian embassy in Beijing on Friday.