July 29 (Bloomberg) -- Bloomberg Contributing Editor Jeffrey Hayzlett talks with Trish Regan about David Einhorn's Greenlight Capital ending its short on J.C.Penney and whether it is a sign the retailer is beginning a turnaround. He speaks on Bloomberg Television's "In The Loop."
28:25 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. The yuan weakened in offshore trading amid speculation China’s central bank will rein in intervention. PBOC Deputy Governor Yi Gang said at a briefing the long-term goal is for very few interventions, adding that bigger two-way fluctuations are normal.
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