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... Uttar Pradesh Chief ... Mayawati during the Bahujan Samaj Party's silver jubilee celebrations on Monday led to a new controversy, as it was alleged to have been made of Rs. E-mail Article Printer Friendly Text-Size 1,000 Indian currency notes.
Publ.Date : Tue, 16 Mar 2010 16:30:00 GMT
WASHINGTON — A bipartisan group of senators on Tuesday introduced legislation to pressure China to raise the value of its currency, a step the Chinese government has adamantly resisted in order to keep its exports relatively cheap. Arguing that the ...
Publ.Date : Wed, 17 Mar 2010 05:59:00 GMT
... election-year pressure over trade-driven jobs, US senators were to unveil legislation Tuesday that would impose tough new penalties on China if ... Senators Sherrod Brown and Debbie Stabenow and Republican Senators Sam Brownback and Lindsey ...
Publ.Date : Tue, 16 Mar 2010 15:18:00 GMT
In response to longstanding frustration over the Treasury Department ’s refusal under successive administrations to formally cite China for manipulating its currency, the renminbi — a step that could prompt retaliatory efforts by the United ...
Publ.Date : Tue, 16 Mar 2010 20:33:00 GMT
... financial crisis, this will be of no help in coordination between the parties involved,” Yao Jian, a Chinese Commerce Ministry spokesman, said at a regular news conference. Mr. Yao rejected the argument that China’s hefty trade surplus with ...
Publ.Date : Tue, 16 Mar 2010 19:15:00 GMT
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Can Australian Dollar Reach Parity With U.S. Dollar?
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Author: Dan Denning
Can Australian Dollar Reach Parity With U.S. Dollar?The Australian dollar just keeps getting stronger. With further rate cuts in the US and rate rises expected in Australia, it may not be long before the Australian dollar reaches parity with its US counterpart. “Anyone who likes the Canadian dollar for its resource-rich and balanced-budget economy should be embracing the Australian dollar for the same reasons and the additional prospect of rising interest rates, according to the bond market’s biggest international investors,” says Wes Goldman at Bloomberg. Even after the so-called Aussie reached a 23-year high against the US dollar last week, investors say the rally is unstoppable amid record exports and unprecedented prices for coal and iron ore. The currency is getting an additional boost from the Reserve Bank of Australia, which shows no inclination to relax a monetary policy focused on curbing inflation. What do you think?
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