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reuters.com

China's state banks seen selling dollars for yuan in London and New York hours (www.reuters.com)

China’s major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan’s depreciation.

US Supreme Court to scrutinize Purdue Pharma bankruptcy settlement (www.reuters.com)

The court also paused bankruptcy proceedings concerning Purdue and its affiliates and said in a brief order that it would hold oral arguments in December in the administration’s appeal of a lower court’s ruling upholding the settlement. The court’s new term begins in October.

Algeria applies to join BRICS, would contribute $1.5 bln to group bank (www.reuters.com)

TUNIS, July 21 (Reuters) - Algeria has applied to join the BRICS group and submitted a request to become a shareholder member of BRICS Bank with an amount of $1.5 billion, Ennahar TV quoted Algerian President Abdelmadjid Tebboune as saying....

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