WASHINGTON, May 27 (Xinhua) -- The U.S. Treasury Department(财政部 ) said in a report released on Friday that China was not manipulating its currency. In China, since the authorities decided in June 2010 to allow the exchange rate to appreciate in...
China Hopes Trade Deficit Will Slow Calls for Weaker Currency China hopes its first quarterly trade deficit in seven years will quiet calls for it to revalue its currency, which Western nations say is artificially low and gives Chinese companies a tr...
WASHINGTON, Sept. 29 (Xinhua) -- The U.S. House of Representatives(众议院) on Wednesday passed a bill to press China to let its currency rise faster, amid accusations that China suppressed the value of its currency and placed a drag on U.S. jo...
by Michael W. Flynn First, a disclaimer: Although I am an attorney, the legal information in this podcast is not intended to be a substitute for seeking personalized legal advice from an attorney licensed to practice in your jurisdiction. Further, I...
BEIJING, June 28 (Xinhuanet) --China will not bow to pressure (压力,压迫) from the outside world on revaluing the renminbi and any changes in the nation's foreign exchange will be made on China's own terms, Chinese officials heading to the G2...
This is the VOA Special English Economics Report. Leaders of the European Union met Sunday in Brussels to discuss measures to deal with the world financial crisis. But the emergency meeting showed growing divisions between western European countries...
This is the VOA Special English Economics Report. Leaders of the European Union say they will help Greece as it struggles under a mountain of debt. They promise to take action, if needed, to safeguard financial stability in the euro area as a whole....
By Anjana Pasricha New Delhi 30 September 2007 India's Central bank has announced a series of measures aimed at slowing the rupee's rise against the dollar. As Anjana Pasricha reports, the strong rupee is hurting several sectors of the economy. The C...
By Peter Fedynsky Moscow 11 July 2007 The Central Bank of Russia says the amount of U.S. dollars held by individual citizens of this country is rapidly declining. The bank says Russians are also moving increasing sums abroad. Moscow correspondent Pet...
By Efam Dovi Accra 04 December 2006 In Ghana, doing business in the local currency has become increasingly risky and time-consuming, amid spiraling inflation. As the cedi has lost value over the years, Ghanaians have been forced to carry more and mo...