Apple feels the pain of China's yuan move

August 11, 2015 9:02 PM

46 0

U.S. companies that rely heavily on sales to China, including Apple and fast-food chain Yum Brands, are feeling the pain of China's Tuesday move weaken its currency.

China's central bank Tuesday devalued the nation's tightly controlled currency, known as the Renminbi (RMB) or the Yuan, in response to the country's economic slowdown.

Also read: China UnionPay says no change to overseas withdrawal limits

Read more

To category page

Loading...