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The benchmark S&P index has accumulated 9.95 percent of losses in just five sessions.

By increasing demand for them, the government hopes prices will rise. As the slide highlighted on Monday, those efforts have not been a success.

Yet those gains would come at the expense of manufacturers in other countries, including the United States and Europe.

What is really unusual, however, is that over the past year the U.S. has refused to defend its export market share, as the U.S. government has taken no official policy position on the value of its currency. Yet those gains would come at the expense of manufacturers in other...

Regulators said they would allow the State Pension Fund to invest up to 30 percent of its total net assets in stocks and other equities, but that move was an approval of a policy announced earlier and had no discernable impact on investor sentiment.

European stocks were on track for their worst week in six after exporting companies with exposure to China saw their stocks fall after the yuan was devalued. “With the devaluation of the yuan, they have to pay more for every dollar that they buy and chances are some...

Whatever the precise cause (and the estimate may in any case be revised down), the outlook for the Greek economy remains bleak owing to the trauma of late June and July when the banks were closed for three weeks and capital controls were introduced.

The move also creates potential headaches for US President Barack Obama as he prepares to host Chinese President Xi Jinping at a summit in September.

Discussions of economic issues in policy circles often suffer from a “which way is up?” dilemma; it’s not clear what the problem is that needs to be solved.

PetroChina Co. paced losses for energy companies as oil extended its decline from the lowest close in more than six years.

A cheaper yuan is expected to aid exports for the world’s second-largest economy but also underlined concerns about the current status of the Chinese economy.

And now the People’s Bank of China has joined the parade. However, the stronger dollar over the past year constitutes a headwind for net exports and a drag on growth.

U.S. gold for December delivery rose 0.4 percent to $1,117.30 an ounce.

The People’s Bank of China insists there is no ground for sustained yuan depreciation, however a second consecutive daily devaluation would suggest otherwise.

In euro terms, gold is holding its own at above €1,000 per troy ounce. The rand is expected to come under more pressure from inflation and retail figures for July due on Wednesday. In addition, auto sales have remained healthy, as has the housing sector.