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The Dow Jones industrial average fell 212.33 points, or 1.2 per cent, to 17,402.84. The S&P 500 rallied 1.3% to 2104, while the NASDAQ added 1.2% to 5102.

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 most active gold contract for December delivery gained $10 (0.91 percent) to settle at $1,104.10 per ounce, Xinhua reported.

The Dow Jones industrial average spiked 241.79 points (1.39 percent) to 17,615.17. Mr Foreman said he hasn’t bought or sold stocks in reaction to China’s currency moves, as he still expects the US market to move higher over the longer run.

Recently, it has suffered the most challenging losses since 1999.

Some economists said the devaluation was also designed to support Beijing’s push for the yuan to be included in a basket of reserve currencies known as Special Drawing Rights (SDR), which are used by the worldwide Monetary Fund to lend money to sovereign borrowers. So...

“Devaluation of the yuan means a stronger U.S. dollar and that’s likely to weigh on commodity prices“, Michael McCarthy, a chief strategist at CMC Markets in Sydney, said by phone.

“The oil market is intrinsically sensitive to economic and geopolitical developments around the world“. The move is seen as an attempt by the producer cartel´s kingpin Saudi Arabia to defend its market share as it fends off competition from US shale oil.

Samsung Galaxy E5 was launched in India in January for Rs.

The world’s largest smartphone maker said net profit for the April-June period stood at 5.75 trillion won (USD 4.9 billion), down from 6.25 trillion won a year ago and slightly below analyst estimates. The Indian import/ export site, Zauba also provided insights on the...

The device comes with ultra-narrow bezels and looks better than that Galaxy S6 (if you ask us).

Samsung is set to slash the price of its flagship Galaxy S6 smartphone after reporting a Q2 fall in mobile profits of 37.6 per cent.

The company’s consumer electronics business, which posted an operating loss of 140 billion won in the first quarter of 2015, returned to the black with an operating profit of 210 billion won in the April-June period.

Samsung said that it will be “adjusting” the price of its S6 phones going forward in order to drive up shipments. The announcement comes in the company’s latest earnings report, which makes for grim reading for the South Korean firm. Samsung also noted the...

Earlier this month, Samsung had estimated second-quarter sales of about 48 trillion won, with an operating profit of 6.9 trillion won.