Beijing says it will stop buying U.S. agricultural products

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02:38

China's central bank has fixed the yuan's central parity rate at 6.9996 per U.S. dollar. That's weaker than the level set on Tuesday, when the yuan hit an 11-year low. Shares in Asia fell for an eighth straight session on Wednesday. But, signs that China is stepping in to steady the yuan have helped ease investors' fears of a possible global currency war.