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Luxembourg's challenge to London over China's yuan

Luxembourg takes on London for China's currency business

The Chinese currency is experiencing its biggest decline since 2005, breaking a long-term rising trend.

State-owned Air China's half-year profit rose 10 percent as foreign currency gains more than made up for declining passenger and cargo revenue.

Chinese equipment maker says earnings driven by tighter cost controls.

China's yuan has reached a record high, as officials steer the economy more towards domestic consumer spending, with less emphasis on exports.

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