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  • LONDON, Aug 14- European stocks slipped lower on Friday, with utility RWE underperforming after broker downgrades, and they remained on course for a weekly loss following China's currency devaluation. RWE fell 1 percent after Natixis and UBS cut their price targets on RWE shares, but payment services company Ingenico rose 5.4 percent after gaining entry to the...

  • SHANGHAI, Aug 14- The Chinese yuan flatlined on Friday, with the exchange rate barely budging and volumes low, as traders said a combination of soothing messages from regulators and buy orders from state banks kept the market in check. On Tuesday, the People's Bank of China shocked global markets by guiding its daily midpoint setting down nearly 2 percent, the...

  • China's yuan posts biggest weekly loss on record Friday, 14 Aug 2015 | 4:52 AM ET

    HONG KONG, Aug 14- China's yuan held steady against the dollar on Friday, but posted its biggest weekly loss on record due to the central bank's surprise move to devalue its currency. The People's Bank of China set the midpoint rate at 6.3975 per dollar prior to market open, firmer than the previous day's closing quote 6.399. "We believe that yuan may reach new...

  • LONDON, Aug 14- European stocks edged higher on Friday, buoyed by auto and travel stocks, although they remained on course for a weekly decline after China moved to weaken its currency. After devaluing the yuan early in the week, China's central bank said on Thursday the country's strong economy meant there was no reason for the currency to fall further, helping to...

  • LONDON, Aug 14- The dollar steadied on Friday after China's central bank appeared to have stopped guiding the yuan lower, easing concerns somewhat that a weaker Chinese currency could derail plans by the U.S. The dollar traded at 124.35 yen, flat from late U.S. levels and above this week's low of 124.21 yen. The euro briefly hit a day's high of $1.1172 in early...

  • METALS-Copper steadies as China currency halts slide Friday, 14 Aug 2015 | 3:30 AM ET

    *Copper steadies after easing in early trade. SYDNEY Aug 14- Copper was little changed on Friday as China appeared to halt a a slide in its currency which left copper imports by the world's biggest consumer more expensive and unsettled markets. "Just how much of an impact the weaker yuan is going to have on copper demand going into China is still yet to be seen," a metals...

  • For many in the ranks of China's wealthy, the shock devaluation in the yuan is a cause of regret - that they hadn't moved more money offshore sooner.

  • Ringgit hits record low Friday, 14 Aug 2015 | 1:45 AM ET
    Ringgit hits record low

    Callum Henderson, global head of FX research at Standard Chartered, talks about the drop of the Malaysian ringgit and the depreciation of China's yuan.

  • Yuan falls, but more Chinese buy US homes? Friday, 14 Aug 2015 | 12:44 AM ET
    Yuan falls, but more Chinese buy US homes?

    Rick Sharga, executive vice president at Auction.com, says the devaluation of the yuan likely sparked a flight-to-safety, which underpinned an increase in the demand for U.S. properties.

  • 'The PBOC is being true to its word': NAB Friday, 14 Aug 2015 | 12:32 AM ET
    'The PBOC is being true to its word': NAB

    Ray Attrill, co-head of FX strategy at National Australia Bank, says Friday's yuan fixing suggests that the People's Bank of China isn't trying to engineer a sharp devaluation of the currency.

  • PBOC isn't done with yuan devaluation yet: Pro Friday, 14 Aug 2015 | 12:17 AM ET
    PBOC isn't done with yuan devaluation yet: Pro

    Puru Saxena, CEO of Puru Saxena Wealth Management, expects the People's Bank of China to continue weakening its currency amid a persistent slowdown in the economy.

  • Tracking the competition on trans-Pacific routes Friday, 14 Aug 2015 | 12:11 AM ET
    Tracking the competition on trans-Pacific routes

    Michael Beer, VP, Asia Pacific transportation research at Citi Investment Research and Analysis, outlines Cathay Pacific's strengths as competition intensifies on the trans-Pacific routes.

  • Faber: Yuan devaluation is completely meaningless Friday, 14 Aug 2015 | 12:04 AM ET
    A woman walks past a yuan (L) and a US dollar (R) currency sign in Hong Kong on August 13, 2015. China cut the reference rate for its currency for the third straight day on August 13, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.

    Global markets may have convulsed since China pushed its currency lower but the step is "completely meaningless," says perma-bear Marc Faber.

  • China to grow 3-4% by end of the decade: Pro Thursday, 13 Aug 2015 | 11:03 PM ET
    China to grow 3-4% by end of the decade: Pro

    Bhaskar Laxminarayan, chief investment officer for Asia at Pictet Wealth Management, expects China's economic growth to slow to almost 3-4 percent by the end of the decade.

  • Will yuan devaluation spark a fallout in Asia FX? Thursday, 13 Aug 2015 | 10:44 PM ET
    Will yuan devaluation spark a fallout in Asia FX?

    Paul Mackel, head of emerging markets FX strategy at HSBC, says the sharp depreciation in the yuan may result in a transfer of volatility into other Asian currencies.

  • 'China did Yellen's dirty work': Strategist Thursday, 13 Aug 2015 | 10:32 PM ET
    'China did Yellen's dirty work': Strategist

    Keith Fitz-Gerald, chief investment strategist at MoneyMorning.com, says the devaluation of the Chinese yuan has "dramatically complicated things for the Fed."

  • Dr. Doom: Yuan devaluation is 'meaningless' Thursday, 13 Aug 2015 | 10:04 PM ET
    Dr. Doom: Yuan devaluation is 'meaningless'

    Marc Faber, editor and publisher of the Gloom, Doom & Boom Report, explains why China's move to push its currency lower this week is “completely meaningless.”

  • What a weaker yuan means for China property Thursday, 13 Aug 2015 | 9:33 PM ET
    What a weaker yuan means for China property

    Dennis Yao, property & healthcare sector analyst at GF Securities Hong Kong Brokerage, says the devaluation of the yuan will likely be "a short-term and one-off issue" for Chinese property developers.

  • Now isn't a great time to be in China stocks: Pro Thursday, 13 Aug 2015 | 9:04 PM ET
    Now isn't a great time to be in China stocks: Pro

    Mikio Kumada, executive director & global strategist at LGT Capital Partners, says the devaluation of the yuan is part of China's adjustment to a slow-growth environment, which doesn't bode well for stocks.

  • PBOC was surprised by market reaction: Pro Thursday, 13 Aug 2015 | 8:19 PM ET
    PBOC was surprised by market reaction: Pro

    Hugh Young, managing director of Aberdeen Asset Management Asia, discusses the recent decisions by the People's Bank of China, which have been seen as a divergence from the "steady, quiet moves" over the years.