Chinese yuan: everything depends on what happens next

China’s weakening of the yuan by 1.9% is an event that, in a year’s time, will be seen either as an irrelevance or a major turning point for the global economy.

China Has a Massive Debt Problem

China has a $28 trillion problem. That’s the country’s total government, corporate and household debt load as of mid-2014, according to McKinsey & Co. It’s equal to 282 percent of the country’s total annual economic output.

Fed Crisis-Liquidity Function Reviewed for Potential Use by IMF

IMF member nations are discussing how to expand the lender’s mandate to include keeping markets liquid during a financial crisis, a role played by a group of major central banks led by the Federal Reserve in 2008.

Dollar Gains for Fifth Month as U.S. Economy Diverges From World

The dollar advanced for a fifth consecutive month as the U.S. moves closer to its first interest-rate increase since 2006, while policy makers from Japan, the euro-area and China pledge further stimulus to support growth.

China Cuts Interest Rates to Boost Flagging Economy

China’s central bank has cut interest rates, for the first time in more than two years.

Yen Rallies Versus Euro on Crimea Tensions; Yuan Drops

The yen headed for its longest rising streak versus the euro in 15 months, the ruble slid and Ukraine’s currency fell a fifth day amid tensions over the Crimea region.