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PBOC sets the Yuan midpoint rate at 6.7858

The People's Bank of China (PBOC) set the Yuan midpoint rate at 6.7858 vs. Tuesday's fix of 6.7934. 

S&P does not expect a meaningful expansion or reduction of the US fiscal deficit

Ratings agency Standard & Poor’s (S&P), in its latest report on the US, says, “We don’t expect a meaningful expansion or reduction of the fiscal defic
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S&P on US – Expects continued gains in manufacturing

The ratings agency S&P expects continued gains in manufacturing because of competitive labor costs, lower cost of natural gas stemming from increased
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