Search Results for 'China'

China currency vote puts pressure on White House

When Senate Majority Leader Harry Reid (D-Nev.) was asked this week when the chamber would move President Barack Obama’s much-hyped jobs bill, he punted. “We’ll get to that,” he said, but first, “I don’ [...]

Posted On : Sep, 28 2011 | Comments : 0

US Senate to move next week on China bill

The US Senate will move forward next week with a bill to punish China over its alleged currency manipulation, Democratic Majority Leader Harry Reid said, predicting the legislation will pass. "China trade is a jobs bill that's be [...]

Posted On : Sep, 27 2011 | Comments : 0

US lawmakers target China with new currency bill

US senators unveiled legislation to punish China over its alleged currency manipulation, promising angry American voters to put an end to Beijing's "economic murder" of US jobs. The measure aims to make it harder for the US [...]

Posted On : Sep, 23 2011 | Comments : 0

Currency Moves to Affect U.S. Trade More Than China’s, BIS S...

U.S. trade will be affected more than China’s by fluctuations in real exchange rates as the world’s largest economy has a higher amount of intra-industry transactions, the Bank for International Settlements said. &n [...]

Posted On : Sep, 19 2011 | Comments : 0

Aussie and NZ dollars softer ahead of Obama, China

The Australian and New Zealand dollars are sitting lower on Friday as investors turn risk wary after the European Central Bank signaled a pause in rate tightening and the Federal Reserve head gave no details on how he might support for th [...]

Posted On : Sep, 12 2011 | Comments : 0

U.S. groups urge Congress reject China currency bill

A coalition of 45 U.S. business groups on Friday urged lawmakers to reject a renewed push for legislation to pressure China to raise the value of its currency against the dollar."We agree that China needs a yuan exchange rate that re [...]

Posted On : Jun, 27 2011 | Comments : 0

China trade going yuan

MORE than half of China's trade — about $US2 trillion ($A1.87 trillion) annually — will be settled in Chinese yuan by 2015, making it the third most traded currency in the world. Yet despite the seismic shift in global cur [...]

Posted On : May, 31 2011 | Comments : 0

China favours stronger yuan to fight inflation

Confronted with fresh US pressure over its currency policy, China appears more willing to let the yuan strengthen at a faster pace to control inflation, its new primary concern, analysts say. China has let the currency appreciate five per [...]

Posted On : May, 09 2011 | Comments : 0

China and US plan economic talks amid rising tensions

Top officials will meet in the US next month to discuss differences over trade and currency policies, says the US Treasury Department. The United States has accused China of keeping the value of its yuan currency artificially low to help [...]

Posted On : Apr, 26 2011 | Comments : 0

Yuan's Role in China Trade Grows Quickly

About 7% of China's foreign trade in the first quarter was done in transactions denominated in yuan, up from 0.5% a year earlier, illustrating the Chinese currency's rapidly growing—though still small—international ro [...]

Posted On : Apr, 19 2011 | Comments : 0

China's yuan nearly "freely usable": central bank's Yi

The most widely used emerging market currencies should be considered for the basket, Yi Gang, deputy governor of the People's Bank of China told reporters. He was speaking on the sidelines of a twice-yearly meeting of the Internation [...]

Posted On : Apr, 18 2011 | Comments : 1

China’s Local-Currency Debt Rating May Be Lowered by Fitch

The outlook for China’s long-term local-currency issuer default rating was lowered to “negative” from “stable,” Fitch said in a statement yesterday. The rating is currently AA-, it said. The long-term foreig [...]

Posted On : Apr, 13 2011 | Comments : 0

G20 proposes adding China's yuan to IMF currency basket

Nicolas Sarkozy, the French president, and Timothy Geithner, US treasury secretary, told fellow politicians it is time for the yuan to be included in the basket of currencies behind the IMF's Special Drawing Rights (SDRs) – eff [...]

Posted On : Apr, 01 2011 | Comments : 0

Australian Dollar Touches 2-Week Low on China Export Data, J...

The Australian dollar fell to a two-week low after China, the South Pacific nation’s largest trading partner, posted an unexpected trade deficit in February. Australia’s currency declined versus all of its 16 major count [...]