Wall Street Journal: China’s Devaluation of Yuan Jolts Global Markets
Greece and its creditors agree terms for a third bailout, but some details remain unresolved
China’s devaluation of its currency jolted global markets Tuesday, hitting stocks and commodities and boosting government bonds.
The S&P 500 was down 23 points, or 1.1% in early afternoon trading, while the Dow Jones Industrial Average was down 228 points, or 1.3%. The pan-European Stoxx Europe 600 index closed 1.6% lower.
Oil and metals prices also fell sharply, while demand for haven assets pushed down bond yields in the U.S. and Europe, as investors worried that Beijing’s move signaled concerns over growth in the world’s second-largest economy.
MIDDLE EAST
U.S. denies reaching agreement with Turkey on Syria 'safe zone'.
Turkish air strikes hit 17 Kurdish militant targets, military says. Erdogan vows Turkey will fight PKK 'to last terrorist'.
Erdogan vows to continue offensive until PKK's end.
Islamic State attacks Syrian rebels near Turkish border. IS launches offensive in planned N. Syria buffer zone.
Anti-Houthi coalition closes in on Yemeni capital Sanaa. Anti-Houthi Fighters advance into central Yemeni city.
Yemen 'crumbling' from war, sieges causing starvation: aid groups.
Saudi FM says 'Assad not part of the solution' in Syria.
Turkey rescues 330 Greece-bound Syrians amid record surge of refugees.
Palestinian vigilantes on patrol amid fear of more arson attacks.
Iran, Russia hold wargames.
ASIA
Senators urge Obama to press Xi on rights during visit.
China devalues yuan by 2% to boost flagging economy.
Beijing slams US militarization of disputed territories in South China Sea.
South China Sea tensions deter oil exploration.
Ashraf Ghanim, Afghan president, calls on Pakistan to rein in Taliban.
US urges Pakistan, Afghanistan to cooperate to defeat extremism.
Japan restarts reactor in test of Abe's nuclear policy.
Japan anxious at lull, U.S. 'giving up', in pan-Pacific trade talks.
AFRICA
C Africa UN mission probes rape, killing allegations. UN peacekeepers accused of deaths, rape in African mission.
Scores killed in Nigeria cattle market blast. Blast kills around 50 in Nigeria's Borno state.
U.N. urges Libyan factions to agree unity government this month. Agreement on Libya settlement may be signed in early September - UN envoy.
Sudan summons Libya envoy for alleged Darfur rebel support.
CAR urged to include refugees in vital October poll.
Cameroon military releases 72 people, including children, illegally held in north.
Burkina Faso requests aid as floods set to worsen.
Zimbabwe lifts hunting ban imposed after killing of Cecil the lion: U.S. report.
Officials say at least 40 Egyptians have died over the last 2 days in a sweltering heatwave.
EUROPE
Georgia warns Russia against 'escalation' near breakaway region.
Greece and lenders agree new bailout deal, finance minister says.
EU says escalation in eastern Ukraine violates Minsk peace deal.
Truce faltering as E. Ukraine fighting spikes.
Dutch prosecutors: fragments from MH17 site may be from Russian-made missile.
Russia to add new countries to its food import ban list: agencies.
Migrants, police clash on Greek island, mayor warns of bloodshed.
German minister expects far more than 400,000 asylum seekers this year.
Sweden and Ecuador edge closer to end of Julian Assange standoff.
AMERICAS
Obama: Iran could get bomb material within 'months' after deal.
Dollar could suffer if U.S. walks away from Iran deal: Kerry.
McCain: Senate will reject Obama's Iran deal.
State of emergency remains in Ferguson.
Rogue drones a growing nuisance across the U.S..
California residents evacuate again after new fire erupts.
Impeaching Rousseff would set Brazil on fire: Senate chief.
Cuba's tourism boom leaves some worrying they'll be left out.
Mexico governor to be questioned over killing of photojournalist.
El Salvador mourns deaths of children in shootouts.
TERRORISM/THE LONG WAR
Taliban condemns 'barbarity' of Islamic State execution video.
Pentagon: Plan to close Guantánamo coming after August recess.
Issue of where to move Guantanamo detainees threatens closure plan.
Russia says 'early details' of plan to fight Islamic State start to emerge.
ECONOMY/FINANCE/BUSINESS
US stocks, oil prices sink after China currency move.
Dow plunges triple digits on surprise yuan devaluation.
Oil slides toward 6-year low after China yuan devaluation.
Nine charged in U.S. insider trading scheme involving hackers. Hackers accused of making $100M by peeking at press releases.
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