Detroit's Orr Remains Concerned on Debt Management

Dec. 3 (Bloomberg) -- Kevyn Orr, emergency manager for the City of Detroit, talks about the outlook for the city's financial restructuring following today's ruling by U.S. Bankruptcy Judge Steven Rhodes allowing Detroit to remain under bankruptcy court protection. Orr speaks at a news conference in Detroit. (Source: Bloomberg)

New Dawn for China as Yuan Joins Majors
34:37 - 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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