The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Comparing the yuan's recent moves against the dollar misses the currency's underlying strength of the against a more appropriately watched basket, People's Bank of China (PBOC) Deputy Governor Yi Gang said in remarks released on Chinese state-run media at the weekend.
In a question-and-answer format interview with Xinhua news agency that was posted on the central bank's website, Yi said the yuan remained a strong and stable currency in the global monetary system, while noting concerns about a slide against the dollar after Donald Trump's victory in the Nov. 8 presidential election.
The yuan plunged to eight-and-a-half year lows versus the dollar last week. On Monday, the PBOC set the yuan's central parity rate against the dollar at 6.9042, stronger than the 6.9168 level set on Friday.
"Referencing the yuan against a basket of currencies can better reflect the overall competitiveness of a country's goods and services," Yi said.
Given that economic structures, cycles and interest rate policies differed in various countries, fixating on a single currency was not suitable and may cause the yen to be "over-managed," he added.
Yi said the yuan's movements were due to domestic factors in the U.S., as they reflected the rise of the greenback on the back of improvements in the U.S. economy and inflation, alongside expectations of a quickening in the pace of Federal Reserve interest rate hikes.
The U.K's June referendum that supported leaving the European Union and the Egyptian central bank's move to freely float its currency on Nov. 3 also contributed to a faster depreciation of the yuan against the dollar, he added.
"These factors are somewhat unexpected for various countries. A rapid rise in capital inflows back to the U.S., record highs reached in the three major indices, and a general depreciation in global currencies against the dollar, some of which fell relatively much, " he said.
The yuan, in fact, had weakened less than other currencies in both the developed and developing markets, the central banker added.
During his campaign, U.S. President-elect Trump accused China of unfair trade practices, including manipulating the yuan lower to benefit the country's exports.
Follow CNBC International on and Facebook.