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August 21, 2008 8:57:37 PM CDT

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Stories related to: yuan

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12 Stories

  • May 2008

    • French PM Lobbies US on Weak Economy

      Associated Press  |  May 2, 08 8:07 AM CDT

      French PM Lobbies US on Weak Economy

      (Newser) - While Nicolas Sarkozy struggles with the sputtering French economy at home, his prime minister has traveled to Washington to spur international action. François Fillon will meet with Ben Bernanke and Hank Paulson today, where he is expected to press the US on the subprime crisis, the weak dollar, and the need for an appreciation of the Chinese yuan, reports the AP. More »

      Tags

      France  • Nicolas Sarkozy  • weak dollar  • yuan  • Francois Fillon

  • April 2008
  • March 2008

    • Dollar Hit as Emerging Economies Fight Inflation

      Wall Street Journal  |  Mar 11, 08 7:32 AM CDT

      Dollar Hit as Emerging Economies Fight Inflation

      (Newser) - A weak US dollar continued to fuel surging commodity prices today, keeping oil near $108 a barrel and moving a gallon of gas to $3.225, with analysts predicting near $4 prices by spring, the Wall Street Journal reports. Stress on the greenback is coming from not only major but minor currencies, as developing nations fight inflation by relaxing currency controls. More »

      Tags

      gas prices  • oil  • US dollar  • euro  • commodities  • yuan

  • February 2008

    • Dollar Slides to Record Low; Oil Tops $102

      Bloomberg  |  Feb 27, 08 6:27 AM CST

      Dollar Slides to Record Low; Oil Tops $102

      (Newser) - The dollar declined against most major currencies and fell to its lowest level ever against the euro today as markets anticipated another rate cut from the Fed when it meets March 18, increasing the value of assets outside the US, Bloomberg reports. The dollar’s erosion pushed commodity prices up, with oil topping $102 a barrel for the first time. More »

      Tags

      oil price  • oil  • Ben Bernanke  • US dollar  • South Africa  • euro  • Taiwan  • New Zealand  • yuan  • Yen  • Fed funds rate

  • December 2007

    • Yuan-Dollar Battle Continues

      Wall Street Journal  |  Dec 31, 07 9:50 AM CST

      Yuan-Dollar Battle Continues

      (Newser) - Despite the yuan's continued appreciation against the dollar this year, at nearly 7%—double its growth in 2006—critics say the currency needs to adjust even higher to balance China's trade surplus, reports the Wall Street Journal. In the US, China’s economic strength has become a standard concern on the presidential campaign trail as candidates decry Bejiing’s currency manipulation. More »

      Tags

      China  • US dollar  • exports  • yuan

    • China Looks to Buy American

      Bloomberg  |  Dec 10, 07 7:27 PM CST

      China Looks to Buy American

      (Newser) - China, increasingly being called upon to more rapidly adjust the growth of the yuan against the dollar, is looking to expand its investment in US assets as a way to funnel its powerhouse currency out of the country, Bloomberg reports today. Treasury Secretary Henry Paulson visits Beijing Wednesday for a third round of strategic trade talks, and will push yuan appreciation as a consumer price control measure. More »

      Tags

      China  • credit crisis  • inflation  • Henry Paulson  • US dollar  • Beijing  • currency exchange  • yuan  • US exports  • trade surplus

  • August 2007
  • July 2007
  • June 2007

    • Paulson Resists Labeling China a 'Manipulator'

      Wall Street Journal  |  Jun 13, 07 7:23 AM CDT

      Paulson Resists Labeling China a 'Manipulator'

      (Newser) - Treasury Secretary Henry Paulson has denied congressional requests for a formal accusation of currency manipulation against China, the Wall Street Journal reports. China's tight restrictions have kept the yuan artificially low against the dollar for decades, but recent record highs, combined with signs that Beijing may plan to let up on currency controls, have helped reduce tension. More »

      Tags

      China  • inflation  • money  • Henry Paulson  • currency  • currency exchange  • yuan  • manipulation

  • May 2007

    • Bush Cozies Up to China

      Wall Street Journal  |  May 25, 07 5:38 AM CDT

      Bush Cozies Up to China

      (Newser) - President Bush struck a conciliatory tone in yesterday's congress with Chinese Vice Premier Wu Yi, despite thickening indignation over Chinese policies. The Journal reports that the White House meeting tiptoed around China's tolerance of copyright piracy, the export of tainted food products, and Beijing's increasingly worrisome nuclear program. More »

      Tags

      China  • nuclear program  • copyright  • piracy  • food contamination  • yuan  • trade deficit  • Wu Yi

    • China Deals on Finance, Skips Currency

      Bloomberg  |  May 23, 07 4:59 PM CDT

      China Deals on Finance, Skips Currency

      (Newser) - Talks between American and Chinese economic officials thudded to a close today, offering mild changes to the financial sector in lieu of major currency reform. The deal hammered out by Treasury Secretary Hank Paulson and China's vice-premier Wu Yi promise foreign financial companies more access to Chinese markets and allows American investors to purchase larger amounts of Chinese stock. More »

      Tags

      China  • US economy  • Henry Paulson  • finance  • reform  • currency  • stock  • yuan  • Wu Yi

    • China Loosens Up on Yuan

      Bloomberg  |  May 18, 07 10:40 AM CDT

      China Loosens Up on Yuan

      (Newser) - Just days before a meeting with US Treasury Secretary Henry Paulson, China is taking baby steps toward letting its currency trade more freely. The government also raised interest rates and the reserve on bank loans today, signaling concern over the country's red-hot economy. China's trade surplus—which some American politicos say the undervalued yuan fuels—rose 74% last year. More »

      Tags

      China  • US economy  • money  • Henry Paulson  • bank  • trade  • currency  • yuan

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