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The daily reference rate was set at 6.3975 yuan to $1.0, from 6.4010 the previous day, the China Foreign Exchange Trade System said.

The yuan fell about 3 per cent this week, beginning its slide on Tuesday after a surprise change in exchange rate policy, which roiled global financial markets and caused Asian stocks and currencies to tumble. Further weakness could make dollar-denominated debt more expensive for...

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.

Tianjin authorities suspended firefighting on Thursday so chemical experts could survey for hazardous materials and the local Environmental Protection Bureau said it had identified toluene and chloroform in the air.

The PBOC implemented a new procedure for setting the mid-point on Tuesday.

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.

China on Friday raised the reference rate for its yuan currency against the U.S. dollar by 0.05 percent, after allowing the yuan to nosedive which triggered concerns of a currency war.

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.

There’s also the threat a cheaper yuan poses to exports and economic growth in other countries.

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.

The consensus view on Monday held that yuan devaluation was a sign of slowing Chinese economic growth.

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.