The yen traded near the strongest level in more than eight years against the euro as signs economies in the U.S. and China are slowing boosted demand for safer assets.
The yen was close to the highest in almost eight weeks against the dollar before reports forecast to show U.S. business activity expanded at a weaker [...]
Posts Tagged ‘China’
Yen Is Near Highest Since 2001 Against Euro on Slowing Growth
June 29th, 2010 by HardMoney Writer
Tags: bank lending, business, central bank, China, European Central Bank, financial crisis, US Economy
more...U.S. Criticizes China’s Procurement Rules
May 21st, 2010 by HardMoney Writer
BEIJING—U.S. Commerce Secretary Gary Locke stepped up criticism of China’s moves to limit access by foreign companies to its massive government procurement market, even though it isn’t clear whether the U.S. has any legal means to force China to back down.
Speaking on Friday ahead of a high-level U.S.-China dialogue in Beijing next week, Mr. Locke [...]
Tags: China, china economy, financial market, global recovery, investments, investors, stock market, US Economy
World Bank Increases Voting Rights for China
April 27th, 2010 by HardMoney Writer
The World Bank announced its passage on Sunday of what it calls a “historic” package of reforms at the end of key meetings of global finance leaders. The package includes a massive increase in capital for the institution, its first in 20 years, and an increase in voting rights of China and other developing and [...]
Tags: China, financial, global economic, Japan Finance, US Economy
Yuan Shifting From Dollar Peg
November 11th, 2009 by HardMoney Writer
China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
In its third-quarter monetary policy report, the People’s Bank of China departed from well-worn language on keeping the yuan “basically stable [...]
Tags: central bank, China, dollar peg, emerging economies, global financial crisis, largest economy, obama
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