Treasury Secretary Timothy Geithner this week gave a timid nudge to China to do more about lifting the value of the yuan, which is widely recognized to be kept artificially, and vastly, undervalued to the benefit of Chinese exporters and at the expense of almost everybody else.
Even the International Monetary Fund estimates the yuan to [...]
Archive for the ‘US Finance’ Category
If no one takes on China, currency wars still loom
September 17th, 2010 by Financial Writer
Tags: Chinese economy, economic growth, economists, european economy, financial crisis, financial system, IMF, us economy, us treasury
more...Dollar steady versus yen but market wary of intervention
September 16th, 2010 by Financial Writer
The dollar held near its highest in a month against the yen on Friday, capped by chart points and expected sales by Japanese exporters but supported by wariness of Japanese yen-selling intervention.
The euro hovered below a one-month high on the dollar and yen after strong demand at a Spanish bond auction and after the Swiss [...]
Tags: currency market, japan's economy, japanese business, Make Money
U.S. Two-Year Treasury Yield Near Record Low on Speculation Japan Will Buy
September 15th, 2010 by Financial Writer
Treasury two-year yields were three basis points away from a record low on speculation Japan will invest proceeds from its yen sales in U.S. government debt.
The notes held a three-day rally as the central bank prepared to buy securities maturing from March 2012 to February 2013 today as part of its plan to spur the [...]
Tags: bank of japan, borrowing, economists, financial system, interest rates, us central bank
Dollar Trades Near 15-Year Low Versus Yen Amid Fed Speculation
September 14th, 2010 by Financial Writer
The dollar was near a one-month low against the euro amid speculation the Federal Reserve will buy additional Treasury securities this year to help sustain growth as the economic recovery falters.
The Swiss franc traded near the strongest since November versus the greenback as declines in Treasury yields sapped demand for the dollar. Economists forecast reports [...]
Tags: economic recovery, economists, Federal Reserve, financial, financial system, japan's economy, us economy
China’s Stocks Fluctuate After Wen Comments; SAIC Gains, Developers Drop
September 13th, 2010 by Financial Writer
China’s stocks fluctuated after Premier Wen Jiabao said the world’s fastest-growing economy is in “good shape,” while cautioning that rising property prices threaten to stoke unrest.
SAIC Motor Corp., the nation’s largest carmaker, added 0.8 percent after an indicator of China’s economic outlook increased for a third month in July. Air China Ltd. gained among airlines [...]
Tags: Chinese economy, economic growth, economic recovery, financial crisis, Global Economy, real estate, us economy
GLOBAL MARKETS-Dollar, stocks rise on China import data
September 10th, 2010 by Financial Writer
The U.S. dollar rose on Friday after strong import data from China bolstered rising optimism about global growth, while stocks edged higher, buoyed by the economic outlook and a 3 percent gain in oil prices.
Chinese imports jumped in August, helping lift equity markets and commodity prices while diminishing the safe-haven appeal of the Japanese yen [...]
Tags: Dow Jones Industrial, economic growth, economists, economy activity, financial markets, financial system, us economic, us economy
Asia stocks gain on Japan, US economy indicators
September 9th, 2010 by Financial Writer
Most Asian markets gained Friday after Japan said its economy grew more than estimated and better U.S. jobs and trade figures eased fears that the world’s largest economy might slip back into recession.
Japan’s Nikkei 225 stock average was up 117.90 points, or 1.3 percent, at 9,216.29 after slipping back from the morning’s 2 percent rise. [...]
Tags: economic growth, economic indicators, economy, economy recovery, financial markets, financial system, Global Economy, investors, us economy
Obama Lays Out Economic Proposals and Assails G.O.P.
September 8th, 2010 by Financial Writer
President Obama on Wednesday called for an end to the Bush-era tax cuts for the wealthy, saying the country cannot afford $700 billion in tax breaks that benefit “millionaires and billionaires.”
Unveiling his economic agenda for the fall campaign in a lengthy and sharply populist speech that sought to appeal to the middle class, Mr. Obama [...]
Tags: banks, economic growth, financial system, Global Economy, interest rates, loans, stock market, us economic
Treasuries Rise as European Bank Concern Encourages Demand for Safest Debt
September 7th, 2010 by Financial Writer
Treasuries gained, pushing 10-year note yields down from the highest level in almost a month, as renewed concern Europe’s sovereign-debt crisis will undermine the recovery spurred demand for relative safety.
The yield curve flattened for the first time in five days after the Wall Street Journal reported that European stress tests underestimated some banks’ holdings of [...]
Tags: economy activity, economy recovery, euro zone, european markets, financial crisis, financial markets, lenders, recovery economy, wall street
Stocks Rally as Jobs Data Spurs Optimism
September 3rd, 2010 by Financial Writer
Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
The S&P 500 gained 3.8 percent for the week, its best in eight, setting the stage for a more bullish mood when markets re-open Tuesday after the [...]
Tags: Dow Jones Industrial, economic estimates, economists, financial markets, financial system, Nasdaq composite, US Treasuries, wall street