News Snapshot:
China battles to prop up the faltering yuan after it falls to a 2-year low against the dollar 25 minutes ago | By China's central bank has moved to shore up the yuan after it fell to a two-year low against the dollar Tuesday. AlexSava/Getty Images China's central bank fixed the yuan at a stronger-than-expected level of 6.8536 per dollar Thursday. It aims to prop up its currency after it fell to a two-year low against the dollar this week. China has taken a loose approach to monetary policy this year, in contrast with the US Federal Reserve. China has...