The yen held firm in Asia on Thursday, having risen broadly on the back of a slump on Wall Street as expectations grew the Federal Reserve could scale back stimulus as early as next week.» Read More
Treasury Secretary Timothy F. Geithner, in separate hearings before House and Senate panels, plans to acknowledge on Thursday that China has kept the value of its currency, the renminbi, artificially low to help its exports and has largely failed to improve the situation as it promised to do in June.
The Chinese currency has had a big move since the beginning of September. The renminbi or yuan has appreciated over 550 points moving from 6.8175 down to 6.7618. This is a larger move than what happened in June when the Chinese pledged to allow the currency to reflect economic fundamentals. Why is this occurring?
The Chinese yuan is likely to appreciate more than most people expect, Jim Rickards, senior managing director at Omnis Market Intelligence, told CNBC Wednesday.
The US administration's decision not to name China a currency manipulator is the right one, Stephen Roach, non-executive chairman for Asia at Morgan Stanley told CNBC Friday.
China's soaring labor costs, a stronger currency and rising housing prices threaten to increase the cost of making electronics. The New York Times reports.
If you want to see the first indication of how your second half stock investments are going to do, check these China numbers out tonight.
The only conclusion one can draw by reading NYT columnist Paul Krugman is that he is anti-economic and anti-job growth. No country has ever trade-sanctioned its way to prosperity.
China, as anyone with even a passing interest in the way Beijing operates knows, thinks long term. Want to be big in clean energy? A 10-year plan will be on your desk within the month, sir.
I was hoping we could forget about the Club Med countries for a while. China's currency, the G20 Toronto meeting, and the sacking of McChrystal pushed Greece off the front page.
China has long relied on workers from its interior to make goods for export. Now it is counting on them to buy goods. The New York Times reports.
Our traders share their thoughts on Tim Geithner and Larry Summers' call for the revaluation of the yuan.
Stocks climbed on Monday following news that China is dropping its informal peg of the yuan to the dollar, a move investors believe will boost Chinese demand for exports as well as commodities. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
Is Beijing's surprise move to effectively abandon its dollar peg the spark needed to jumpstart a summer rally in US stocks?
China is set to allow a gradual appreciation of the renminbi against the US dollar after warning that the exchange rate would remain “basically stable” in spite of a decision to abandon its currency peg.
An anti-China trade sanction bill in the U.S. would be a "huge mistake", stresses Stephen Roach, chairman at Morgan Stanley, noting that it will be a bad political decision with a bad economic outcome.
Fears over default or restructuring by a euro-zone member like Greece or Portugal have been rife for months and are raising big concerns about losses on the balance sheets of banks in Europe and beyond.
Coastal factories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise. The NYT reports.
Treasury Secretary Tim Geithner said on Tuesday he planned to emphasize the need for a stronger Chinese yuan when he visits Beijing next week, amid some recent speculation that the country could relax its exchange-rate regime.
The pain of the European debt crisis is spreading, with the plummeting euro making Chinese companies less competitive in Europe, their largest market, and complicating any move to break the Chinese currency’s peg to the dollar.
The Commerce Department reported the March deficit on international trade in goods and services increased to $40.4 billion from $39.4 billion in February.