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 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...
According to the Associated Press, the intelligence community inspector general reported to Congress Monday that Hillary’s emails contained at least two messages with information considered Top Secret. Those two emails were drawn out of a batch of 40 emails randomly...
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.
Vice President Joe Biden is spending part of his South Carolina vacation calling close friends to discuss a potential 2016 run, a longtime Democratic operative and a source close to Biden who had an extensive phone call with him this week confirmed to NBC News. Though most...
Inflation continued to undershoot the ECB’s medium-term target of just below 2 per cent despite a series of unprecedented measures by the central bank, including a massive quantitative easing program that allows the ECB to purchase government bonds and private debt...
The German economy gained modest ground in the second quarter, expanding by 0.4 per cent compared with 0.3 per cent in the first three months of the year, but the French economy ground to halt. Output had been expected to rise by 0.2% following growth of 0.7% (revised up from...
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.