All posts tagged "yuan"
What it Means if Trump Names China a Currency Manipulator
WASHINGTON – President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There’s only one problem – it’s not true anymore. China, the world’s second-biggest economy behind the...
- Posted December 29, 2016
US Stocks Rising for the Second Day in a Row in Broad Rally
NEW YORK – Stocks closed broadly higher as the market notched its second sizable gain in a row. Retail and industrial stocks made the biggest gains as they were lifted by company earnings, some good news from...
- Posted February 16, 2016
Report: China’s Yuan to Erode, not end, Dollar’s Dominance
WASHINGTON – China’s yuan will chip away at the U.S. dollar’s dominance over the next decade but is unlikely to supplant it as the world’s top currency, says a report from a federal watchdog. The study Thursday...
- Posted February 4, 2016
Stocks Plunge as a Dismal Start to 2016 gets Worse
The dismal start to 2016 on Wall Street got a lot worse Wednesday. Stocks tumbled again on fears of a global slowdown and alarm over plummeting oil prices, officially sending the Standard & Poor’s 500 index into...
- Posted January 13, 2016
Stocks Rebound After Early Slide; Tech Stocks Lead Gains
A volatile day on Wall Street ended in upbeat fashion Tuesday as a late-afternoon rally led by technology stocks pushed the market to a modest gain. The turnaround helped snap an eight-day trading slump for the Nasdaq...
- Posted January 12, 2016
Q&A: China’s Market Turmoil a Symptom of Other Problems
HONG KONG – Calm returned Friday to China’s stock markets after a torrid week but underlying reasons for the turmoil remain: a weakening yuan and perceptions China’s leaders are bungling their handling of the economy. — WHAT...
- Posted January 8, 2016