WASHINGTON (Reuters) - Members of Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator. A bipartisan bill introduced in the Senate merges ...
China criticizes US pressure over currency, says yuan not to blame for US deficit China on Tuesday rejected U.S. calls to ease currency controls and said criticism would not help efforts to end the global crisis. A Commerce Ministry spokesman repeated Chinese ...
China on Tuesday dismissed calls from US lawmakers for Beijing to be labelled a currency manipulator, saying the value of the yuan was not to blame for global trade imbalances. The comments echoed those by Premier Wen Jiabao at the weekend, who ...
Speculation that China will take more steps to cool its economy hit sentiment in Asia Monday, with Shanghai and Hong Kong lower as risk-averse investors stayed on the sidelines. Trade was relatively quiet ahead of meetings this week by eurozone finance ministers ...
China faces a difficult year as it works to maintain economic growth and spur development, but will not be bullied into changing its exchange rate policy, Premier Wen Jiabao said Sunday. In a wide-ranging press conference at the end of China's annual ...
Retail sales show surprising gain in February WASHINGTON (AP) — Retail sales posted a surprising increase in February as consumers refused to let snowstorms stop them from stepping up purchases for everything from clothes to appliances. The improvement provided hope that the ...
A look at economic developments and activity in major stock markets around the world A look at economic developments and activity in major stock markets around the world Thursday: ___ BEIJING — China's inflation spiked higher in February, adding to pressure on ...
The US trade deficit narrowed unexpectedly in January as imports and exports declined and overall volume fell for the first time in five months, the government reported Thursday. The Commerce Department said the trade deficit shrank to a seasonally adjusted 37.3 billion ...
Trade deficit likely widened slightly in January reflecting higher foreign oil bill The U.S. trade deficit likely widened slightly in January reflecting a higher foreign oil bill and a drop in aircraft exports. Economists surveyed by Thomson Reuters expect the trade deficit ...
Japan's economy is recovering more slowly than previously thought from its worst recession on record, hobbled by stubborn deflation and weak domestic demand, government data showed Thursday. The world's number two economy expanded at a pace of 0.9 percent in October-December from ...
