Is IMF Adding China Yuan to Reserves Basket a Big Deal?

IMF representatives have told China that the yuan is likely to join the fund’s basket of reserve currencies soon, according to Chinese officials with knowledge of the matter, a move that may make more countries comfortable using the unit or including it in their foreign-exchange holdings. Former federal Reserve Vice Chairman Alan Blinder also discusses Fed policy on "Bloomberg Markets." (Source: Bloomberg)

Vestas CEO on 2Q Earnings, Energy Storage
06:45 - Anders Runevad, chief executive officer at Vestas, discusses his underperformance in the second quarter, doing business in the U.S., energy storage and the patent suit with general electric. He speaks on "Bloomberg Markets: European Open." (Source: Bloomberg)
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