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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 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...

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...

Brent crude LCOc1 slipped 1.1 percent to US$49.13.

A man walks past a display showing stock prices in Tokyo August 12, 2015.

The PBOC also said on Thursday that it would monitor “abnormal” cross-border flows after the devaluation raised fears that investors would seek to pull capital out of China in anticipation of further falls in the currency.

Amid concerns over low inflation and slowing growth in Asia, the Bank of England’s policymakers voted 8-1 to leave the rate at 0.5 percent for a 78th consecutive month and opted not to pump more money into the economy.

Whatever you choose to call it, China’s currency this week roiled global markets after the central bank’s sudden move to devalue it. The decision sparked fears of a new currency war and even drew the ire of Republican presidential candidate Donald Trump.

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.

Vietnam allowed the nation’s currency, the dong, to trade in a wider range, adding flexibility which could insulate the country’s exporters from China’s moves, while the Malaysian ringgit and the Indonesian rupiah both fell to their lowest levels since the 1998...

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.

It will also extend foreign-exchange trading hours in a potential move intended to forge the convergence of the yuan’s rate in China and the rate of the currency traded outside the mainland.

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 move to allow more flexible trading “could help maintain the flexibilty of the country’s monetary policy as cross-border financial flows increase“, S&P said.