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The dollar shrugged off a pair of widely watched economic indicators Tuesday and continued to trade within a tight range against its main rivals as investors waited to see if Federal Reserve policy makers would raise interest rates at their meeting later this week.

In comparison, the benchmark Shanghai Composite index finished down by a smaller 2.67%.

Concerns over China’s slowing economy that sent global stock and commodity markets on a recent free fall are heightened by the opacity and conflicting signals from the country’s political leadership and its central bank.

The Standard & Poor’s 500 index lost 13 points, or 0.6 percent, to 2,083 and the Nasdaq composite fell 29 points, or 0.6 percent, to 5,030.

In an appearance on Monday evening on the The O’Reilly Factor, the presidential candidate and sayer of things about China criticised the Obama administration for its plans to hold a state dinner when the Chinese president visits Washington next month. The result was an...

Most other Asian currencies managed to rebound, and stock and commodity markets picked up. But the International Monetary Fund has certainly noticed, suggesting that “a more market-determined exchange rate would facilitate SDR operations, in case the renminbi were included...

China’s central bank today (Aug 25) cut interest rates and lowered the amount of reserves the country’s banks must hold, cranking up support for a stuttering economy and a plummeting stock market that has sent shockwaves around the globe.

A cheaper yuan will help Chinese exports by making them less expensive on overseas markets.

On Friday, the People’s Bank of China set the yuan midpoint at 6.3990 yuan to the dollar, slightly stronger than Thursday’s levels.

The British lobbying body is forecasting 2.6 percent growth for 2015 and 2.8 percent for 2016, up from its June’s projections of 2.4 percent and 2.5 percent respectively.

The tumult began when the Dow opened Monday with a 1,000-point nosedive.

The daily said that market capitalisation fell by Rs. “This is the biggest one-day slump in China since 2007”.

Since the panic got triggered from China over its slowdown worries and its impact on the world markets, the worst of the brunt was suffered in the Chinese markets, spreading to Hong Kong, Taiwan, Japan, Australia and later in the day to Europe.

Japan’s Nikkei 225 Index dropped by 4.61% to 18,540.68.

The minutes to the July 28-29 meeting of the policy-setting Federal Open Market Committee, released last week, showed both a caution over still-low inflation and a concern over China’s economic malaise.