China Reiterates Need for Steady Yuan Amid Fragile Confidence

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(Bloomberg) -- China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across...

-- China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across Asia.The nation will “resolutely” put the yuan back on track when traders place lopsided bets and it’ll also attempt to avoid excessive volatility, the People’s Bank of China said in a report on its social media account Thursday.

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"The inflation data for March should give monetary policymakers confidence that the progress made in taming consumer price pressures is sustainable."OTTAWA — Canada's wealthiest individuals and corporations will soon pay taxes on a larger share of the capital gains they earn, a change that economists say will make the tax system more efficient, despite pushback from business groups.

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