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China's Yuan To Become A Main Reserve Currency

AP | Chloe Angyal | Posted 11.30.2015 | World

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The Dollar, Jobs and Interest Rates

Luis Ubiñas | Posted 10.06.2015 | Business
Luis Ubiñas

The Federal Reserve did not raise interest rates last month as many expected. Their reasons were understandable: one in 10 Americans remains unemployed, underemployed or so discouraged that they have fallen out of the labor force; and inflation remains consistently near zero.

Real Estate Has Become Unaffordable

Natalie Pace | Posted 09.09.2015 | Business
Natalie Pace

The places that are affordable are the cities with the highest unemployment rates. And the cities where you can find a job, you might have to live in your car. Clearly something has got to give. For answers, I turned to Dr. Lawrence Yun, the chief economist of the National Association of Realtors.

Why China's Economic Woes Are Causing Alarm in Africa

The Huffington Post | Charlotte Alfred | Posted 09.25.2015 | World

Every week, The WorldPost asks an expert to shed light on a topic driving headlines around the world. Today, we speak with Amadou Sy, d...

When Will Wasn't Enough: How China Backed Into a Market Crisis

Joe Singh | Posted 08.25.2015 | Business
Joe Singh

People may worry when a disease claims lives, but that worry doesn't make the disease's effects stronger or multiply the victim count. Investor sentiment, on the other hand, can and does cause market shocks to ripple outward.

China's Market Collapse and Currency Devaluation

Natalie Pace | Posted 08.20.2015 | Politics
Natalie Pace

In 2014, the Chinese economy became the No. 1 economy in the world, followed by the European Union and the U.S. The U.S. is now considered to be the third largest economy in the world.

China's Currency Manipulation Should Serve As A Warning About TPP

James P. Hoffa | Posted 08.17.2015 | Business
James P. Hoffa

At a time when income inequality is running rampant in the U.S., workers don't need even more "free" trade agreements that will further strip this nation's economy of middle-income jobs.

Panic in Peking

Jerry Jasinowski | Posted 08.14.2015 | Business
Jerry Jasinowski

Chinese authorities claim this latest devaluation is simply their effort to let their currency be guided by market forces, something the U.S. and other countries have sought for many years. But the timing and the magnitude of the change suggests China's leaders fear their economy is about to roll over.

Why China's Latest Currency Actions Are Market Driven

Nicholas R. Lardy | Posted 08.12.2015 | World
Nicholas R. Lardy

WASHINGTON -- The action taken by China, far from being a step to manipulate its currency, is actually an effort to let the RMB fluctuate according to the dynamics of the exchange markets.

China's Yuan Falls Further

Associated Press | Eline Gordts | Posted 08.12.2015 | World

BEIJING (AP) — China's yuan fell further Wednesday, fueling concern about a possible "currency war" if other governments fight back with their ...

China's Sudden Currency Depreciation: High Anxiety and Lost Face

Tom Doctoroff | Posted 08.13.2015 | Business
Tom Doctoroff

I'm no currency expert. But coming on the heels of a ham-handed intervention in the stock market, the abruptness of the depreciation seems to be an obvious short-term move to increase export competitiveness. More worryingly, it is also a tacit admission that China's leaders are very nervous.

U.S. Strains Mount After China Devalues Yuan

The Wall Street Journal | Andrew Hart | Posted 08.11.2015 | World

China set the stage for further devaluation of the yuan on Wednesday, adding to more strains in Washington’s relations with Beijing after Tuesda...

China Devaluation Is Good News

Sara Zervos | Posted 08.11.2015 | World
Sara Zervos

Germany, Asian countries and commodity producers have already been selling less to China because of its economic slowdown; now they could sell less because their exported goods look more expensive as the Chinese yuan goes down.

It Is in Beijing's Interest to Respect Its Commitment to Hong Kong

Georges Ugeux | Posted 11.30.2014 | World
Georges Ugeux

Historically, China has considered opposition as a form of crime of lese-majeste. The circumstances surrounding the Hong Kong recent opposition might be worth a better treatment than refusing a dialogue with the demonstrators.

Russia Is Worried About the Wrong Neighbor - A case of Continuously Poor Leadership

Edward Goldberg | Posted 07.07.2014 | World
Edward Goldberg

Whether on account of poor leadership, or the curse of being blessed with extraordinary energy resources, modern Russia has for now lost the only power game that really counts today: the game of globalization.

Obama: China NOT A Currency Manipulator

AP | MARTIN CRUTSINGER | Posted 01.27.2013 | Business

WASHINGTON — The Obama administration declined Tuesday to label China a currency manipulator, noting that it has let the yuan rise nearly 10 per...

Sheldon Adelson Chinese Money

Jeff Danziger | Posted 08.18.2012 | Politics
Jeff Danziger


The Clash of Generations

Laurence J. Kotlikoff | Posted 07.25.2012 | Politics
Laurence J. Kotlikoff

As we sit back and blithely watch Greece's death by debt, it's easy to assume it can never happen here. It can, and it will.

Is The Era Of Cheap Chinese Labor Coming To An End?

Reuters | Posted 06.03.2012 | Business

* Apple, Foxconn deal adds to view low cost era is over * Deal coincides with rising wages, tighter labour force * Worke...

China Eyes Minimum Wage Boost As Part Of Jobs Plan

Reuters | Posted 04.09.2012 | Business

BEIJING, Feb 8 (Reuters) - The annual average growth of China's minimum wages should be at least 13 percent in the five years to 2015, according to ...

Geithner Unlikely To Get China To Budge On Iran Sanctions

AP | JOE McDONALD | Posted 03.12.2012 | Business

BEIJING — U.S. Treasury Secretary Timothy Geithner and Chinese leaders pledged Wednesday to build economic ties but Beijing gave no sign it woul...

Chinese Currency Reaches All-Time High

Posted 12.26.2011 | Business

SHANGHAI (Reuters) - The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-...

Jon Ward

Mitt Romney's Aggressive China Rhetoric Questioned By Conservatives | Jon Ward | Posted 12.13.2011 | Politics

WASHINGTON -- President Obama submitted three long-awaited free trade agreements to Congress this month, which were quickly ratified Wednesday, but Re...

How A Rising Chinese Yuan Will Affect The U.S. Economy

Posted 12.05.2011 | Business

(Emily Kaiser) - A sharp rise in China's yuan currency might cut the U.S. trade deficit by as much as one third and create enough American jobs to...

Geithner: China 'Very, Very Aggressive' In Stealing U.S. Technology

Posted 11.23.2011 | Business

Treasury Secretary Timothy Geithner said on Thursday that China is holding to its decades-old strategy to steal American intellectual property, in...