Black Money Business Jobs : China stuns financial markets by devaluing yuan for second day running

RAPTOR

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Sep 12, 2009
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China stunned the world’s financial markets on Wednesday by devaluing its currency for a second
consecutive day, triggering fears its economy is in worse shape than investors believed.

The move sent fresh shockwaves through global markets, pushing shares sharply lower and sending
commodity prices further into reverse as traders feared the move could also ignite a currency war that
would destabilise the world economy.

Read more: http://www.theguardian.com/business...lips-again-after-devaluation?CMP=share_btn_tw
 

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