Yuan hits one-year low against U.S. dollar

China's yuan has tumbled to its lowest level in a year, just days after the country's central bank doubled its trading range against the dollar.

U.S. Treasury's Lew welcomes Chinese currency move

(Reuters) - The United States welcomed China's recent decision to allow its currency's value to vary more against the U.S. dollar, a Treasury spokesperson said on Sunday.

Election risk: Could Europe sink Obama campaign?

NEW YORK (CNNMoney) -- Trillions in looming tax hikes and spending cuts. Washington saber-rattling over the debt ceiling.

China promises to boost business without creating a bubble

BEIJING – China's central bank is promising to channel lending to entrepreneurs who have been battered by weak global demand while keeping consumer prices and surging housing costs in check.