China central bank governor says yuan stable against dollar

BEIJING (AP) -- China's central bank governor has told a meeting of the G-20 that China's currency has stabilized against the dollar after the country's surprise announcement last month to revalue the yuan amid stock market turmoil. Zhou Xiaochuan told a meeting of G-20 finance ministers and central bank governors in Turkey on Friday that the exchange rate of the yuan against the dollar "tends to be stable," according to a statement late Saturday on the website of the People's Bank of China. "At...