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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

Fiat Chrysler loses another executive after Marchionne illness

MILAN Fiat Chrysler's European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars.

8:56am EDT

Papa John's adopts rights plan to limit founder's stake

Papa John's International Inc on Sunday adopted a shareholder rights plan, or a "poison pill", with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company.

8:29am EDT

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 strong North American activity

Oilfield services provider Halliburton Co on Monday reported a 24 percent increase in quarterly revenue, narrowly beating analysts' estimates, as higher oil prices sparked a surge in U.S. crude production activity.

8:58am EDT


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