Bloomberg China’s foreign currency holdings fell for a sixth month in December, bringing last year’s drop to $320 billion as the yuan posted its steepest annual slide in more than two decades. Reserves decreased $41.1 billion to a fresh five-year low of $3.01 trillion, the People’s Bank of China said. That was in line with estimates in Bloomberg’s survey ...

  Bloomberg Jason Katz, a former Barclays Plc currency trader, admitted conspiring to fix prices in the foreign-exchange market, the third individual to be charged and the first to plead guilty in a long-running US criminal investigation into the rigging of currency rates. Katz appeared in Manhattan federal court, where he admitted to participating in a conspiracy with other bankers ...

  Bloomberg One of Goldman Sachs Group Inc.’s out-of-consensus calls for 2017 is already bearing fruit. While big investors are positioned for Turkey to do well, analysts led by Caesar Maasry recommended greater caution in a report — shortly before the lira plunged to a fresh lows against both the US dollar and the euro. The bank’s analysis of actively-managed ...