MARKET UPDATE
Oil rises on U.S. inventory draw, but China fears spur steep monthly loss Oil prices rose further on Wednesday after data pointed to a large weekly drawdown in U.S. crude…
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Volatility in yuan spurs bets China will widen its band
As macroeconomic risks induce unprecedented levels of volatility in China’s yuan, investors are betting that authorities may widen the currency’s tight trading band for first time since 2014 to allow…