Doomsday scenarios of a hard-landing in China may have transfixed market watchers, but the IMF remains relatively sanguine on the economic outlook.» Read More
Even as the People's Bank of China weakened the yuan for the third day, doubts remained about Beijing's commitment to a freely-floating currency.
Edward Dempsey, chief investment officer at Pension Partners, says he is positioned defensively in Treasurys and the U.S. utility sector amid the market volatility.
Jeremy Hill, managing director of Old Blackheath Companies, expects the dollar to be firm in the long run and discusses whether there's a buying opportunity in U.S. stocks following this week's losses.
The yuan’s fall continued to weigh on global investment markets.
Asian equities headed further south on Wednesday, as the People's Bank of China allowed the yuan to extend sharp losses for the second straight day.
Chinese's surprise move to devalue the yuan, a looming Fed rate hike and weakening economies have created a perfect storm for Asian currencies.
Sim Moh Siong, FX Strategist at Bank of Singapore, says worries about competitive devaluations globally will likely persist after China's weaker yuan fixing early Wednesday.
China's currency devaluation spooked markets, but the real fear is that what's behind the move could be a bigger problem for the world economy.
The People's Bank of China has allowed the yuan to depreciate sharply, sending a shock through currency markets.
China shares shook off weak economic data, surging nearly 5 percent after a report the mainland will finally begin to reform its state-owned enterprises.
Josh Klaczek, head of Asia financial services equity research at JPMorgan, discusses whether there will be further easing and rate cuts from People's Bank of China.
A reading of China's services sector expanded at a quick pace, a positive signal that marked a sharp contrast to recent weak manufacturing data.
The downturn in China's manufacturing sector intensified in July, with the Caixin China PMI surprising with a drop to a two-year low.
China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the year's second half.
A move to widen the yuan's trading band may trigger renewed volatility and further damage market sentiment, analysts warn.
The preliminary China Caixin PMI for July dropped to a 15-month low, with analysts pinning the hit on the recent stock market crash and weak export demand.
A top aide to China's ex-president has been arrested and stripped of Communist party membership amid Beijing's anti-corruption purge. The Financial Times reports.
The Fed and powerful technicals are forces that could send gold skidding toward $1,000 per ounce, before the metal is able to stage a turnaround.
China's second-quarter economic growth beat forecasts, spurring some to cry foul and others to say I told you so. Here's what the experts are saying.
With China's local brands fast grabbing market share for items from toothpaste to fruit juice, multinational consumer companies are finding it harder to compete. The Financial Times reports.