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Another drop in China’s currency sent global markets mostly lower on Wednesday as the move raised worries about the world’s second-largest economy, but US stocks finished mostly higher Wednesday as an afternoon rally led by Apple and energy equities overcame early...

The Nasdaq Composite Index closed up 7.60 points, or 0.2%, at 5,044.39, after being down as many as 91 points.

The bombings resulted in Japan surrendering on August 12. “Today he still suffers from those injuries sustained 70 years ago”, Bishop Cantu said. The tale developed to justify the bombings that led to a world in which the threat of human extinction has been a daily...

Sources said the move to devalue the yuan reflects a growing clamour within Chinese government circles for a devaluation of perhaps up to 10% to help its struggling exporters.

Echoing similar sentiments to those expressed in a statement released Wednesday evening, the bank noted that a strong economic environment, sustained trade surplus, sound fiscal position and deep foreign exchange reserves will provide “strong support” to the exchange...

“China does not have the need to start a currency war to gain advantage”, he said.

Shares in exporters such as Caterpillar and General Electric fell in the market rout this week, though many economists say the yuan’s drop so far isn’t significant enough to do much damage. It dropped another 1.6 percent on Wednesday.

Kazakhstan, a former Soviet state, pitched itself as a model for future hosts, embracing all the new reforms with a low-cost bid in a city which already has most of the facilities in place after hosting the 2011 Asian Winter Games. And just like before and after the city was...

It will also extend foreign-exchange trading hours in a potential move intended to forge the convergence of the yuan’s rate in China and the rate of the currency traded outside the mainland.

After Tuesday, again on Wednesday for the continued second day the stocks in China dropped.

On past precedent, a devaluation of the yuan is usually accompanied by a devaluation of the won, but industries that compete directly with Chinese exports in overseas markets or generate revenues from Chinese tourists are expected to suffer.

In the short term, China’s currency move will amplify challenges to global growth and add volatility to markets that have lost some of their fundamental anchoring, wrote Bloomberg View columnist Mohamed El-Erian, former co-chief investment officer for Pacific Investment...

The Aussie usd designed a new 6-year low early today of 0.7216 resistant to the American dollar later on Chinese unit of currency setting up saw origins allow yesterday’s one.85percent devaluation to actually be followed along with another one-.6 percent maneuver now.

“A falling yuan and a rising bilateral U.S. trade deficit with China will sharpen congressional criticism of China’s currency policies”, he said. Germany’s DAX dropped 2.9 percent, France’s CAC 40 dropped 3.1 percent, while Britain’s FTSE 100...

Caruso reported from New York.