#label beijing

[mystlnewsonline]

NEW YORK | Stocks skid as interest rates rise and earnings disappoint

NEW YORK | Stocks skid as interest rates rise and earnings disappoint

NEW YORK — U.S. stocks are falling Thursday morning as interest rates resume their upward climb and several industrial companies post disappointingthird-quarter results. Interest rates started rising a day ago after the Federal Reserve released minutes showing that a minority of its leaders think interest rates will need to keep rising to a level that slightly restricts economic growth. Slower…

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[mystlnewsonline]

BEIJING | China's yuan sinks further after US currency report

BEIJING | China’s yuan sinks further after US currency report

BEIJING— China’s politically sensitive yuan has sunk to a 22-month low against the dollar after the U.S. Treasury declined to label Beijing a currency manipulator amid a mounting tariff battle.

The yuan fell to 6.9411 per dollar at mid-morning on Thursday, the closest it has come to breaking the symbolic level of seven to the greenback since December 2016. It recovered slightly in the afternoon.

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