WASHINGTON (Reuters) – The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage.
* Cbank announces three-pronged plan to boost lending, relieve firms of debt
MOSCOW (Reuters) – The Group of 20 nations declared on Saturday there would be no ‘currency war’ and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.
MOSCOW (Reuters) – It may not be hand-to-hand combat, but “currency wars” came to Moscow on Friday as finance officials from the Group of 20 nations sparred over Japan’s expansive policies that have driven down the value of the yen.
WASHINGTON, Feb 11 (Reuters) – Finance ministers from the Group of 20 nations should send a clear signal to financial markets this week that they are coordinating policies and not embroiled in a…
Buying large sums of U.S. dollars in Venezuela is not simple due to strict currency restrictions. The complex system that many importers in the South American country rely on to meet their need for…
DUBAI, Oct 6 (Reuters) – Tehran’s Grand Bazaar reopened under close police supervision on Saturday, traders said, days after it was shut by clashes between riot police and protesters blaming the…
The value of China’s currency closed Friday near a record high against the dollar, approaching what some analysts consider a fair market price and potentially easing concerns that the country’s currency policy is damaging the U.S. economy. Read full article … Continue reading
Casey: The country’s recent move to limit gains in the Swiss franc could backfire, and exacerbate a nascent global currency war.
A series of steps by China in recent weeks is encouraging U.S. officials that Beijing is proceeding with changes to currency and other financial policies that the two countries have long disputed. Chinese leaders have moved to free up trading … Continue reading