Search Results for 'China'

US, China headed for possible currency clash

The deepening world economic crisis and a possible spat over currency levels hung in the air as the United States and China sat down Thursday to discuss the future of their economic relations.U.S. officials say Treasury Secretary Henry Paul [...]

Posted On : Dec, 04 2008 | Comments : 0

SKorea, China, Japan to discuss expanding currency swap deal

South Korea, China and Japan will hold talks this month on expanding a currency swap arrangement to bolster defences against the global financial crisis, a senior Seoul official said Tuesday. Yonhap news agency said Seoul wants to increase [...]

Posted On : Nov, 05 2008 | Comments : 0

Gangs smuggling Pakistani currency from China busted

The Pakistan Customs have busted gangs involved in the smuggling of currencies, seizing a huge consignment of Pakistani rupee that was being transported from China. A high-level enquiry has been ordered into the illegal movement of currenci [...]

Posted On : Oct, 29 2008 | Comments : 0

China's currency 'substantially undervalued': IMF

WASHINGTON (AFP) — China's currency remains "substantially undervalued", the International Monetary Fund said Wednesday, arguing that greater exchange rate flexibility would benefit the Asian giant. In its half-yearly World [...]

Posted On : Oct, 09 2008 | Comments : 0

China tightens currency controls to curb inflows

China has issued new controls on transfers of foreign currencies, moving to contain growth in its foreign exchange reserves and curb speculative inflows blamed on fueling inflation. The new rules, issued late Wednesday with immediate effec [...]

Posted On : Aug, 07 2008 | Comments : 0

U.S. Treasury Department avoids calling China a currency man...

The U.S. Treasury Department has warned that the yuan is still "substantially undervalued," but it said that Beijing was not manipulating its currency for trade gains. The Treasury's semiannual report to Congress on Thursday on t [...]

Posted On : May, 17 2008 | Comments : 0

Stable China currency needed to curb speculation: report

China should keep its currency the yuan stable to curb market expectations that lead to huge speculative money flows, state media reported on Monday, citing a government economist. "(We should) stabilise market expectation for the exc [...]

Posted On : Apr, 28 2008 | Comments : 0

New benchmark for China currency

It was a shift in U.S. dollar terms of less than 1 cent. more stories like thisBut the Chinese yuan's drift below 7 yuan to the U.S. dollar Thursday marked yet another step in the dollar's decline as the currency of global business. Thurs [...]

Posted On : Apr, 11 2008 | Comments : 0

China Finance Online Names New COO

Financial information and listed-company data provider China Finance Online Company, Ltd. (Nasdaq: JRJC) named sales and marketing vice president Li Caogang company COO on Monday. Li had been in his vice presidential role since August 2005. [...]

Posted On : Mar, 03 2008 | Comments : 0

U.S.'s Paulson warns against China currency bill

U.S. Treasury Secretary Henry Paulson said on Tuesday China has accelerated the yuan's rise in value and he wants it to move even faster, but he warned U.S. lawmakers against passing a punitive currency bill aimed at China. Paulson, answer [...]

Posted On : Feb, 06 2008 | Comments : 0

US-China currency war: Change in the tenor of debate

When the US authorities, the Senators especially, commenced their currency war with China way back in 2001, it had all the froth and ferocity of a street-play. It is interesting to observe the changes in the tenor and decibel levels of the [...]

Posted On : Jan, 12 2008 | Comments : 0

China reacts on currency manipulation

China lashed out on Monday against a US commission that accused it of currency manipulation and called for legislation imposing penalty tariffs on Chinese goods.Foreign ministry spokesman Liu Jianchao said the recommendations by the United [...]

Posted On : Nov, 20 2007 | Comments : 0

US sees no rapid shift in China's currency reserves

Amid a plunging US dollar, China has again threatened to diversify its mountain of dollar foreign reserves but US officials are unperturbed while experts do not see a rapid shift by Beijing.A senior politician as well as a state banker in C [...]

Posted On : Nov, 12 2007 | Comments : 0

Blame Dollar Weakness on the Fed, Bush and China

Volatility continues to rule the financial markets with the Dow rallying, retracing and then rallying once again. The yen crosses followed suit but the pullbacks were less severe. This type of volatility in the markets represents significan [...]