"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Google CEO Sundar Pichai said in a CNN interview that while the company will work to remove as much harmful content as possible, the company can't remove 100% of it.Technologyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
In a rare downgrade for the stock, Imperial Capital lowered its rating for Disney to in-line from outperform and maintained its target price of $147.Investingread more
Atlassian is releasing a document that's meant to simplify the negotiation of terms for acquisitions. That way the buyer and seller can focus on more important topics, like...Technologyread more
Demand for air travel is growing so rapidly that 800,000 new pilots are expected to be needed over the next 20 years, according to Boeing's latest forecast.Paris Airshowread more
The pizza chain's robo delivery program could add to store owners' options during peak times.Restaurantsread more
China's yuan dropped to its lowest level against the dollar in over four years Friday, as the central bank steadily guides the currency lower amid an economic slowdown and hefty capital outflows.
The yuan, or renminbi as it's also known, fell to 6.4550 against the dollar, its lowest level since August 2011. Earlier Friday, the People's Bank of China (PBOC) had set the mid-point for the yuan at a new four and a half year low of 6.4358, down 0.2 percent from Thursday's fixing.
China's central bank lets the yuan spot rate rise or fall a maximum of 2 percent against the dollar relative to the official fixing rate.
Nomura's Craig Chan said the moves are in line with policymakers' repeatedly stated ultimate goal of a more market-determined exchange rate.
"There really isn't much perceived intervention in the markets," he said at a press conference Friday. Chan believes that the reason the yuan is being allowed to decline now, when the market mechanism shift was officially made in August was due to concerns over whether some debtors would struggle with external debt if the currency declined.
In the intervening months, PBOC data has indicated substantial hedging activity and concern over external debt has subsided somewhat, he said.
Even with the declines, "our view is the currency is still over valued. They want to move closer to fair value, which we perceive to be around 6.80," for the dollar-yuan pair, Chan said. Nomura expects the currency pair will hit that level by the end of 2016.
Stuttering growth in the world's second-largest economy and capital outflows have spurred expectations of further currency weakness in recent weeks.
Chinese economic growth dipped to 6.9 percent in the third quarter, dropping below the 7 percent mark for the first time since the global financial crisis of 2008-2009, sparking concerns of a hard landing in China after years of explosive growth.
Net capital outflows totaled $113 billion in November—the largest on record—according to Julian Evans-Pritchard, an economist at Capital Economics.
Follow CNBC International on and Facebook.