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Trading Ideas

Filling McCain’s seat a political balancing act for governor

Sen. John McCain’s death in office has handed Arizona’s governor an empty Senate seat to give out — and a difficult political puzzle to solve before he does. Arizona law requires only that Gov. Doug Ducey name a replacement who is a member of McCain’s Republican Party and who will fill the seat until the next general election in 2020. Ducey is balancing the demands of the many conservative Arizona Republicans who have soured on McCain due to his dovish immigration stance, criticism of President Donald Trump and vote against a rollback of President Barack Obama’s health care …read more […]

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Business News

Yuan hits four-week high as China signals support, revives X-factor for fixing

China’s yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, halting a record 10-week slide that rattled global markets and irritated Washington.

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