13 Aug '15, 11pm

#Singapore offering to help #Uganda acid victim

There was an unmistakable air of alarm on Wednesday as the Singdollar fell to its weakest level against the greenback in more than five years while shares took their biggest one-day dive since 2011. The trigger was the move by Chinese regulators to devalue the yuan. The first came on Tuesday, with China's central bank saying the devaluation was aimed at loosening its grip, giving the yuan a more market-determined exchange rate. But the markets interpreted the move, together with Wednesday's second devaluation, as a sign that China needs a cheaper yuan to boost flagging exports and rev up a softening economy. As a close trading partner of China's, Singapore has seen investors selling down the local currency and shares. The yuan itself dropped sharply to a four-year low against the US dollar on Wednesday, but has recovered some ground. China's decision yesterday to devalue t...

Full article: http://www.straitstimes.com/business/economy/living-with-...

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Singapore offering to help Uganda acid victim

straitstimes.com 13 Aug '15, 11pm

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straitstimes.com 12 Aug '15, 2am

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straitstimes.com 14 Aug '15, 7am

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straitstimes.com 14 Aug '15, 3am

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themalaysianinsider.com 13 Aug '15, 6am

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bloomberg.com 13 Aug '15, 12am

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Ringgit falls below 4 per US dollar for first time since 1998

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straitstimes.com 12 Aug '15, 3am

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