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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

SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth: sources

DUBAI A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.

5:46am EDT

Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy

PHILADELPHIA By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt. | Video

6:31am EDT

Halliburton revenue beats on higher North America rig count

Oilfield services provider Halliburton Co's quarterly revenue rose 24 percent to beat analysts' estimates on Monday as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work.

7:14am EDT

Toymaker Hasbro's quarterly revenue, profit top estimates

Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year's Toys 'R' Us bankruptcy, sending its shares up nearly 7 percent in premarket trading.

7:04am EDT

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.

7:09am EDT

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