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A federal appeals court in San Francisco upheld the use of the words "under God" in the Pledge of Allegiance and "In God We Trust" on U.S. currency, rejecting arguments on Thursday that the phrases violate the separation of church and state. The 9th ...
Publ.Date : Thu, 11 Mar 2010 22:41:00 GMT
WASHINGTON -(Dow Jones)- President Barack Obama said Thursday the world would benefit if China moved to a more market-based currency system. "As I've said before, China moving to a more market-oriented exchange rate would make an essential contribution to that global rebalancing effort," Obama said
Publ.Date : Thu, 11 Mar 2010 15:53:00 GMT
March 10 (Bloomberg) -- The yen declined against all of its major counterparts after a report showed that China’s exports rose the most in three years, renewing investor demand for higher-yielding assets. Japan’s currency fell to its lowest level ...
Publ.Date : Wed, 10 Mar 2010 14:57:00 GMT
... Prime Minister George Papandreou is also scheduled to meet Tuesday with President Barack Obama and the International Monetary Fund in Washington. Greece's recent debt troubles ... impose stricter regulations on hedge funds and currency traders.
Publ.Date : Tue, 09 Mar 2010 17:14:00 GMT
Fiscal concerns are resulting in extreme pessimism for both currencies in the near term, said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi UFJ. World stocks measured in the MSCI All-Country World Index inched up 0.1 percent to 300.72 ...
Publ.Date : Wed, 10 Mar 2010 12:12:00 GMT
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China slams IMF over forex, calls for bigger role
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Author: WASHINGTON, Oct 22 (Reuters)
China slams IMF over forex, calls for bigger role China on Monday said the world economy faced significant risks and the International Monetary Fund should have better things to do than criticize Beijing over its yuan currency. "Growth in some major developed countries has slowed down since the second quarter, reflecting a significant downside risk in the global economy," said Vice Finance Minister Li Yong in a statement to the IMF annual meeting. "At the same time, there is a widening gap between the north and the south, unbalanced global economic development, (a) resurge in trade protectionism, high oil prices, unstable exchange rates in the world major currencies and increasing pressure of expected high inflation," Li said. The Group of Seven wealthy industrialized nations on Friday called on China to allow its yuan currency to appreciate faster, while IMF Managing Director Rodrigo Rato on Sunday said that the yuan was "considerably undervalued".
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