Sunday, April 26

Business

At 1229 GMT, the yuan was 0.05% lower at 7.2605 to the dollar, its weakest since November and only 11 pips from the top of a narrow 2% daily trading band, the mid-point of which is set by the People’s Bank of China (PBOC)

The Ukrainian government announced on Monday it had failed to reach an agreement with a group of foreign bondholders that includes financial giants BlackRock and Pimco on restructuring Ukraine’s $20 billion in Eurobonds, according to a report by Reuters.

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