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International Monetary Fund chief Christine Lagarde has been made an assisting witness by a French court in a case involving a 400 million Euro pay-off to tycoon Bernard Tapie.
The Chinese economy has become very attractive to speculative hot money. But by allowing the yuan to rise strongly, the authorities cause doubts whether the challenge is handled in a proper and coordinated manner.
U.S. stocks were traded almost flat Friday to end the week lower, snapping a four-week gaining streak amid worries that the Federal Reserve may reduce its stimulus program in advance.
Visiting Chinese Premier Li Keqiang on Friday criticized the European Union´s trade measures against China-made mobile telecommunications equipment and solar panels.
In China, market watchers are digesting the first contraction in factory activity since October.
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