China`s yuan sinks further after US currency report
(WorldNews Business)

BEIJING (AP) - 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. The closely watched yuan fell to 6.9411 per dollar at mid-morning, coming its closest to breaking the symbolically significant level of seven to the greenback since December 2016. It recovered slightly in the afternoon. The yuan, also known as the renminbi, or `people`s money,` has declined by almost 10 percent against the dollar since April as China`s economic growth cooled...