China’s reluctance to deliver “shock therapy” through a faster appreciation of the yuan may be a bid to avoid repeating history: Japan’s.
As Group of 20 finance chiefs begin talks today in Gyeongju, South Korea, China is deflecting foreign pressure to fast-track the yuan’s gains after limiting them to about 2 percent against the dollar since [...]
Posts Tagged ‘Global Economy’
China Fear of Echoing Post-Plaza Japan Limits `Hyundai Accord’
October 21st, 2010 by Financial Writer
Tags: bank of japan, China, economic growth, g20, Global Economy, interest rates, World Financial
more...As Dollar’s Value Falls, Currency Conflicts Rise
October 20th, 2010 by Financial Writer
Is this a currency war or what?
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.
In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.
European policy makers worry that a resurgent euro will threaten [...]
Tags: currency market, economic, economists, financial crisis, financial markets, Global Economy, Global Markets, IMF, interest rates, us economic
China’s interest-rate hike causes turmoil
October 19th, 2010 by Financial Writer
The central bank’s move is aimed at reining in an unbridled real estate market and inflation in China. The move sends stocks and commodity prices plunging around the globe and raises new concerns about the U.S. recovery.
Reporting from Washington and Beijing — A surprise interest-rate hike by China raised the prospect Tuesday that the world’s [...]
Tags: business, businesses, economic recovery, financial system, Global Economy, real estate sector, us economic
Administration delays China currency report
October 15th, 2010 by Financial Writer
The Obama administration announced Friday it will delay a scheduled report on whether China is manipulating its currency to gain trade advantages until after upcoming meetings with world leaders next month.
Instead of putting out a report, the Treasury Department issued a statement praising China for letting the yuan appreciate by roughly 3 percent since June [...]
Tags: Chinese economy, economy recovery, Global Economy, U.S. markets
Google trumps Wall Street targets, shares soar
October 14th, 2010 by Financial Writer
Google Inc (GOOG.O) eased fears that big spending would erode margins as its results blew past Wall Street’s targets, and the Web search leader revealed for the first time the strength of its fledgling mobile and online display ad businesses.
Analysts said strong growth across Google’s core advertising business led to a 25-percent surge in net [...]
Tags: business investment, economic recovery, financial markets, financial system, Global Economy, interest rates, investor market, us economy, wall street
China Opposed to Rapid Yuan Gain, Tells EU to Back Off
October 6th, 2010 by Financial Writer
China stiffened its opposition to a rapid appreciation of the yuan, setting the stage for a confrontation over exchange rates at this week’s international monetary meetings in Washington.
Premier Wen Jiabao said China will stick to its policy of gradually increasing the currency’s flexibility and lashed out at European Union leaders for teaming with the U.S. [...]
Tags: bank of japan, central bank, economic growth, economic recovery, european economy, Global Economy, japan's economy, money, us economic, world economic
China not headed for currency war- Geithner
October 1st, 2010 by Financial Writer
The United States and China can manage differences over Beijing’s currency policies without starting a trade war that damages both sides, U.S. Treasury Secretary Timothy Geithner said on Thursday.
“We’re not going to have a trade war. We’re not going to have currency wars,” Geithner said one day after the House of Representatives passed legislation authorizing [...]
Tags: economic activity, economic recovery, economy recovery, financial system, Global Economy, Global Markets, IMF, loans, money
Bernanke Boasts Of New Regulation Success In Speech
September 25th, 2010 by Financial Writer
Federal Reserve Chairman Ben Bernanke boasted about the improvements new regulations have provided to the old structure in a speech at Princeton University yesterday.
“First, the recent reform legislation has improved the design of the regulatory framework, closing important gaps such as the lack of oversight of the shadow banking system,” he said.
Bernanke also felt the [...]
Tags: Federal Reserve, financial crisis, financial reform, financial system, Global Economy, private bankers, 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
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