Headline Roundup • August 13th, 2015
China Central Bank Slows Yuan Descent
Featured Coverage of this Story
China Central Bank: No Reason for Yuan to Fall Further
Fox News Digital
News
China's central bank said on Thursday there was no reason for the yuan to fall further given the country's strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week.
China Seeks to Calm Markets as It Devalues Currency for 3rd Consecutive Day
New York Times (News)
News
China on Thursday sought to calm fears that the country’s depreciating currency had set off, as authorities defended the devaluation decision.
China’s Central Bank Defends Handling of Yuan Plunge
Wall Street Journal (News)
News
Chinese central bank officials on Thursday offered a rare public defense after this week’s unexpected devaluation, saying the yuan will stabilize and eventually resume its climb.
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