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General Motors shares fell 3.5 percent to $30.83, though it said the devaluation of the yuan would have a “limited and manageable” impact on its business.

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...

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.

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 main thrust of Samsung’s Galaxy Unpacked event was to launch the Galaxy Note 5 and Galaxy S6 Edge+, but the company also provided some details about Samsung Pay.

In its blog post, Samsung also boasts about the S Pen’s abilities and charts its progression from the time it was initially launched with the original Galaxy Note to its current status as an indispensable tool for users, including business people, artists, and all kinds of...

Gold futures on the COMEX division of the New York Mercantile Exchange rose on a weaker US dollar.

West Texas intermediate for September delivery fell $1.07 cents, or 2.5%, to settle at $42.23 a barrel on the New York Mercantile Exchange. The US contract on Tuesday closed at the lowest level since March 2009.

South Korea’s top tech giant Samsung Electronics Co. showcased two new phablets on Thursday in the United States, with one being the larger edition of the Galaxy S6 Edge that curves on both sides, in its latest bid to revitalize its mobile business. Up front, the company...

The move was carried out to make the yuan more market-oriented. Malaysia’s ringgit and the Indonesia rupiah plunged to their lowest levels in 17 years.

Launching first in South Korea, Samsung Pay is expected to be available in the US on September 28 and will come bundled with the Galaxy S6 Edge+ and the Galaxy Note 5; it will also be downloadable to two older but-still-new Galaxy devices: the S6 and S6 Edge.

On Thursday, the electronics makers will host its second Unpacked event of 2015 to introduce its latest phablets, the oversized hybrids of a tablets and smartphone.

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.