U.S. judge blocks Trump administration's ban on new TikTok downloads

China unlikely to competitively devalue yuan: Pimco

In a full-court press to make the yuan a reserve currency, China is unlikely to engineer a competitive devaluation, said famed asset manager Pacific Investment Management Co., reported Bloomberg. The People’s Bank of China is asking the International Monetary Fund to add the yuan to its basket of reserve currencies — dollar, euro, pound and […]