Traders work on the floor of the New York Stock Exchange (NYSE) at the start of the trading day in New York. Photograph: Andrew Gombert/EPA

European shares rallied on Thursday after China’s central bank said there was no basis for further yuan depreciation after a devaluation this week tha(...)

With so many questions about debt issues in the world’s biggest economy, the globe’s second biggest economy is painting a more upbeat picture on its p(...)

US Treasury secretary Jack Lew and Federal Reserve chairman Ben Bernanke assured their G20 counterparts at a dinner last night that a resolution would be reached to avoid a debt crisis. Photograph: Michael Nagle/Bloomberg

Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a US default at talks today as hopes grew (...)