Why Chinese Investigators Raided a Mercedes Office

Aug. 6 (Bloomberg) -- Government investigators raided Daimler AG’s Mercedes-Benz office in Shanghai as part of an anti-monopoly probe a day after the German automaker announced plans to cut prices on replacement components next month. Zeb Eckert reports on "First Up." (Source: Bloomberg)

IMF Adds Yuan to Basket of Reserve Currencies
11:01 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the progress China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. (Source: Bloomberg)
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