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China says it won't devalue currency to bolster exports

BEIJING China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after Washington said it was monitoring the currency's weakness amid the escalating bilateral trade row.

Recent Business News

New Fiat Chrysler boss must deliver Marchionne plan

MILAN New Fiat Chrysler boss Mike Manley faces the task of executing his predecessor's plan to boost production of SUVs and catch up on electric cars to keep the world's seventh-largest carmaker competitive in the absence of a merger.

5:36am EDT

Saudi Aramco aims to buy controlling stake in SABIC: sources

DUBAI Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC , possibly taking the entire 70 percent stake owned by Saudi Arabia's sovereign wealth fund, two sources familiar with the matter told Reuters.

3:00am EDT

Oil steady after G20 warns of risks to growth

LONDON Oil prices stabilized on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand.

4:03am EDT

BOC Aviation to buy 17 Airbus aircraft worth $2.2 billion

HONG KONG BOC Aviation Ltd said on Monday it would buy 17 new Airbus A320NEO and A321NEO aircraft worth a combined $2.2 billion at list prices.

Jul 22 2018

Exclusive: China Huarong trying to recall some loans as cash crunch bites - sources

SHANGHAI/HONG KONG China's biggest manager of bad debts is trying to exit early from at least three loans and investments as it wrestles with a liquidity crunch triggered by an anti-corruption probe into its chairman, people with knowledge of the matter said.

4:35am EDT


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