Search Results for 'China'

WORLD FOREX - Euro Hits 5-Month Low Vs Dollar On China Data

The euro fell to a fresh five-month low against the dollar in Asia Thursday after China's strong economic data heightened speculation Beijing may take further steps to cool its economy, possibly weighing on global equities, commodities and [...]

Posted On : Jan, 21 2010 | Comments : 0

Obama may have to play the Nixon card with China in 2011

President Barack Obama proposed additional stimulus measures last week to boost the bumpy recovery in the United States, while China reported several indicators showing the positive impact of its own huge stimulus program. By 2011, one y [...]

Posted On : Dec, 14 2009 | Comments : 0

China slams U.S. Federal Reserve's low interest rates

U.S. gripes about China's currency policy are now matched by Chinese complaints that the Federal Reserve's low interest rates are inflating new asset bubbles. But as President Obama meets Tuesday with Chinese President Hu Jintao, both natio [...]

Posted On : Nov, 17 2009 | Comments : 0

Currency rift with China casts shadow on Obama's trade hopes...

Increasing global frustration over China's currency waffling threatens to overshadow U.S. President Barack Obama's trade agenda as his first presidential visit to Asia gets under way. After failing to win an agreement on easing currency c [...]

Posted On : Nov, 16 2009 | Comments : 0

China should boost euro, yen in reserves - report

China should keep the dollar as the primary currency in its foreign exchange reserves but raise the share of euros and yen, a newspaper linked to the country's central bank said Monday. China should also control the size of its massive for [...]

Posted On : Oct, 26 2009 | Comments : 0

Yen rises as China slashes new lending, raising risk aversio...

The yen rose after reports showed Chinese exports and new loans fell and industrial output rose less than estimated, fuelling demand for the currency as a refuge from the global financial turmoil. The yen climbed the most against the New Z [...]

Posted On : Aug, 12 2009 | Comments : 0

China: US dollar to remain dominance for yrs

Chinese Vice Foreign Minister He Yafei told reporters in Rome: "The US dollar is still the most important and major reserve currency of the day, and we believe that that situation will continue for many years to come. "You may ha [...]

Posted On : Jul, 08 2009 | Comments : 0

Dollar Gains as China Says 'Not Aware' of Reserve Currency T...

The dollar strengthened after a Chinese Foreign Ministry official said he hoped the greenback would remain stable and was “not aware” of a plan to discuss a new reserve currency at next week’s Group of Eight meeting. The [...]

Posted On : Jul, 03 2009 | Comments : 0

Dollar falls broadly after China renews new reserve currency...

Dollar dropped against the single currency on Wednesday as a rise in global stocks and upbeat manufacturing activity data in Europe and China reduced demand for greenback and yen as safe haven currency. In addition, the Group of Eight sourc [...]

Posted On : Jul, 02 2009 | Comments : 0

Australian, N.Z. Dollars Fall on China Comments, Japanese Da...

The Australian and New Zealand dollars fell for the first time in five days after China said the U.S. currency’s may continue to dominate foreign-exchange markets, boosting demand for the greenback. The Australian and New Zealand cur [...]

Posted On : Jun, 29 2009 | Comments : 0

Australian Dollar Climbs as China Calls for Reserve Currency

The Australian dollar rose after China repeated its call for a new reserve currency, weakening the greenback against major rivals. Australia’s dollar also strengthened amid signs of a global economic recovery. New Zealand’s dol [...]

Posted On : Jun, 27 2009 | Comments : 0

China's yuan 'set to usurp US dollar' as world's reserve cur...

Professor Roubini, of New York University's Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan's ascendance. Known as "Dr Doom" for his n [...]

Posted On : May, 15 2009 | Comments : 0

China positioning its currency for a run at world supremacy

Reporting from Shanghai -- Could the world's currency of choice have the face of Mao Tse-tung on it, not George Washington? Quixotic or not, the Chinese are preparing for that day. In a series of what might be called baby steps, Chinese off [...]

Posted On : Apr, 22 2009 | Comments : 0

China and Argentina in $10bn deal

The move, which allows both countries to bypass the US dollar, makes it easier for Argentine businesses to buy Chinese imports directly in yuan. It also gives Argentina hard cash at a time when its finances have been hurt by the globa [...]