Wednesday’s China shockwave: Yuan devalued 1.6%; IMF support, US Treasury cautious

Wednesday, August 12th 2015 - 07:51 UTC

Full article 3 comments

Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday's record cut. The People's Bank of China fixed the daily guiding rate for the currency down 1.6% to 6.3306 against the dollar. Read full article

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ChrisR
BRICS?

More like bollocks.

So many dreams for Brasso, all of them dry!
Aug 12th, 2015 - 01:05 pm - Link - Report abuse 0
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yankeeboy
Hmm, who said this would happen?
Who was it?
Yeah me.
The only one, 2-3 yrs ago.
Aug 12th, 2015 - 01:51 pm - Link - Report abuse 0
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Briton
Perhaps China should withdraw all its foreign investments with its money and bring it home to roost..
Aug 12th, 2015 - 05:21 pm - Link - Report abuse 0
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