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The People’s Bank of China, the country’s central bank, on Tuesday morning moved to devalue its tightly controlled currency, the Yuan, following weaker than expected Chinese import and Export data over the weekend.

A cheaper yuan will help Chinese exports by making them less expensive on overseas markets.

The deadly Bangkok bomb took over one month to plan and was executed by more than 10 people, the kingdom’s police chief said Thursday, as more details emerged of the suspected network behind an attack that killed 20 people.

The pair got up from a bench at the Erawan shrine just before the suspected bomber sat down, later leaving his backpack behind.

On Friday, the People’s Bank of China set the yuan midpoint at 6.3990 yuan to the dollar, slightly stronger than Thursday’s levels.

Thai National Police Chief Somyot Poompanmoung said Wednesday the suspected bomber was likely acting as part of a network, but investigators have not yet established his motives or nationality.

In addition, the PBOC is reducing the reserve requirements (RRR) for most big banks from 18.5 percent to 18.0 percent.

It also increased the amount of money available for lending by reducing the minimum reserves banks are required to hold by 0.5%.

China has sought to calm its panic-stricken stock markets by cutting interest rates and loosening constraints on bank lending after a second day of plunging share prices.

Thai police on Wednesday said they called in two or three people – mostly foreigners – for questioning as they search for the suspect, according to the AP. The central Bangkok shrine reopened Wednesday to the public after Monday’s bomb blast as authorities…

Fears that Chinese growth is weakening dragging down the global economy with it are already hammering commodities and world stock markets. For years, investors have been fretting that the market could drop sharply when the central bank starts raising rates.

Monday: A 20 percent chance of showers and thunderstorms before 1 p.m. Partly sunny with a high near 84. Northeast winds 5 to 10 miles per hour. A stray shower or thunderstorm is possible.

South Korea stopped all propaganda broadcasts in frontline areas from noon Tuesday as agreed upon during the top-level talks between chief military aides to the leaders of the two Koreas, Xinhua cited an official at Seoul’s defence ministry as saying.

Police are now searching for a “foreign” man who was seen on CCTV footage leaving his backpack behind at the site of the explosion just minutes before it occurred.

But Army chief Udomdej Sitabutr said on television Wednesday that the attack “does not match with incidents in southern Thailand (and) the type of bomb used is also not in keeping with the south”.