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Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
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World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
SHANGHAI, May 10 (Reuters) - China's central bank lowered its official yuan midpoint to the weakest level in 3-1/2 months, dragged by sharp losses in the spot yuan in the previous session as concerns grew that Sino-U.S. trade could deepen if talks between the two fail.
Friday's midpoint was at 6.7912 per dollar, 247 pips, or 0.36 percent, weaker than the previous fix of 6.7665 and was the softest since Jan. 25.
However, traders said Friday's official fixing came in much higher than market expectations. The midpoint was 154 pips firmer than Reuters' estimate of 6.8066. (Reporting by Winni Zhou and John Ruwitch; Editing by Sam Holmes)