The Traderszone Network

Currently 0.7296 enjoying some USD-selling respite after post-PBOC lows of 0.7215
Offers 
0.7320-25
0.7365 0.7380
0.7400-05 0.7425 0.7450
Bids
 0.7260

Pearson, fresh from agreeing the sale of the Financial Times newspaper, said on Wednesday it would sell its 50 percent stake in the Economist Group.

Yes folks it’s trading ideas time. Hurrah!
Lots to take on board at the moment and plenty of unknowns
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Global meltdown ? The ?

BEIJING (Reuters) – “Tragedy” – that was Alibaba Group Holding Ltd (BABA.N) founder Jack Ma’s prediction for the fate of rival JD.com Inc (JD.O) in comments published earlier this year. On Monday, Alibaba signaled it is no longer writing off its smaller competitor, making a $4.6 billion investment to give it more traction in two areas JD.com does well in: logistics and electronics. Ma’s online shopping titan bought into bricks-and-mortar electronics retailer Suning Commerce Group Co Ltd , surprising investors given it has traditionally stayed away from physical, offline assets.

China further guided its currency lower Wednesday after it roiled markets Tuesday with its decision to push the yuan down 1.9% against the U.S.

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Welcome to another Squawk Box Live, as we provide key analysis on China’s surprise move to devalue its currency.

Softer European equities on the PBOC fallout
– DAX futures -0.9%
– CAC40 -0.6%
– FTSE -0.6%
German bund futures up 30 at 155.24