Federal Reserve

China's yuan sinks further after US currency report

China's politically sensitive yuan sank to a 22-month low against the dollar on Thursday after the U.S. Treasury declined to label Beijing a currency manipulator amid a mounting tariff battle.

Prospect of Trump-Xi talks raises hope for thaw in trade war

China says it is in communication with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the U.S. stock market blamed partly on a growing trade war between the world's two largest economies.

Mnuchin says Trump respects the independence of the Fed

Treasury Secretary Steven Mnuchin says President Donald Trump respects the independence of the Federal Reserve and his recent comments were simply a reflection of the fact that he favors low interest rates.

Business Highlights

___ Stocks plunge again on wide selling; Dow drops another 545 NEW YORK (AP) — U.S. stocks tumble for the second consecutive day as the market's recent downturn gets worse.

European Central Bank confident in plan to remove stimulus

Top European Central Bank officials expressed confidence at their last meeting that inflation is trending toward levels more consistent with a strong economy after 2.5 trillion euros ($2.9 trillion) in bond-purchase stimulus.