yuan

EU Starts on Tricky Path Towards Relaxing China Trade Defense

By Philip Blenkinsop and Robin Emmott BRUSSELS, Jan 10 – The European Union will take the first step on Wednesday towards refashioning its trade ties with Beijing, torn over how to lower its defenses to avert Chinese retaliation while protecting key industries against a damaging flood of cheap imports. Commissioners from the bloc’s 28 members

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Global Markets: Asia Shares, Currencies Tumble; Oil Jumps

By Hideyuki Sano TOKYO, Jan 4  – Asian shares and currencies tumbled on Monday on the first day of trading in 2016 after China factory activity contracted and its central bank guided the yuan lower, while oil prices jumped as much as 3 percent on rising tensions in the Middle East. Leading the losses, mainland

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