Posted by Reuters: Business News on January 12, 2012
(Reuters) – Treasury Secretary Timothy Geithner said on Thursday that key emerging-market nations must let their currencies rise in value in order permit more stable global growth.
Posted by Reuters: Business News on November 19, 2011
SHANGHAI (Reuters) – China will make the yuan more flexible in either direction and recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said on Saturday.
Posted by Reuters: Business News on June 23, 2010
SHANGHAI (Reuters) – China’s yuan inched higher on Wednesday, settling down after the biggest swings since 2005 and driving home the message that Beijing’s promise of currency flexibility will not produce the rapid gains its trading partners would like.
Posted by Reuters: Business News on June 22, 2010
NEW YORK (Reuters) – Stock index futures dipped on Tuesday as investors reassessed a vow by China for more flexibility on its currency and turned cautious ahead of data expected to show a slight rise in U.S. home sales.
Posted by Reuters: Business News on
NEW YORK (Reuters) – Stock index futures dipped on Tuesday as investors took a more cautious view over China’s vow of more yuan flexibility, while data on home sales was on tap later in the morning.
Posted by Reuters: Business News on
SHANGHAI (Reuters) – China pulled back the veil on its new currency regime a little further on Tuesday, appearing to engineer a fall in the yuan to make clear its vow of flexibility did not include one-way bets for appreciation.
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HONG KONG (Reuters) – Asian stocks and commodities retreated on Tuesday as wary investors took profits from a rally ignited by China’s weekend decision to give its currency more flexibility.
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SYDNEY (Reuters) – China’s yuan jumped on Tuesday to its highest level since the currency was revalued in 2005 as the central bank signaled it would tolerate yet further gains to make good on its vow for more foreign exchange flexibility.
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HONG KONG (Reuters) – Asian stocks retreated on Tuesday as investors booked profits a day after China’s weekend decision to give its currency more flexibility triggered a risk rally.
Posted by Reuters: Business News on June 21, 2010
NEW YORK (Reuters) – Stocks once again succumbed to late-day selling in light trading on Monday as hopes China’s newfound dedication to yuan flexibility turned to doubts about the speed and magnitude of Beijing’s intentions.
