Middle-east Arab News Opinion | Asharq Al-awsat

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A man walks past an advertisement promoting China’s yuan, US dollar and Euro exchange services at foreign exchange store in Hong Kong, China, on August 13, 2015. (REUTERS/Tyrone Siu)

European shares rally after China calms yuan fall

by Asharq Al-Awsat | Aug 13, 2015 | Business

London, Reuters—European shares bounced on Thursday after a 4 percent fall this week, tracking global equities higher on efforts by China’s central bank to slow the sharp descent of the yuan that has rocked markets worldwide. The pan-European FTSEurofirst 300...

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(FILES) – Picture taken on November 8, 2012 shows Euro banknotes projected on a screen during a press conference following the meeting of the European Central Bank (ECB) Governing Council in Frankfurt am Main. The European Commission on June 5, 2013 gave Latvia a green light to join the 17-nation eurozone in January, saying the country had fulfilled the conditions to join the single currency. (AFP PHOTO / DANIEL ROLAND)

Latvia gets go-ahead to become 18th euro member

by Asharq Al-Awsat | Jun 6, 2013 | Business

Frankfurt, AP— The tiny Baltic state of Latvia has won approval to become the 18th member of the troubled euro currency union – despite doubts among many of its people and international concerns about its banking system. European Union officials said...