Topic: Bank of China

The New Economy Currency move latest sign of China's transformation

China is transitioning away from being the world's discount manufacturer. But it will have to loosen its currency even more to avoid the pitfalls of development.  

The Circle Bastiat Riding China's inflationary tiger

The Chinese government has made its choice to avoid a “hard landing” by attempting to ride the unloosed inflationary tiger for as long as it can.  But its strategy will exacerbate unsustainable imbalances in China’s real economy.

The Circle Bastiat No, Chinese inflation isn't a good sign

Experts say that Chinese inflation is a natural side effect of a healthy economy. Here's why they're wrong.

Q&A: What's with the war talk surrounding Iran?

Tensions over Iran’s nuclear program have escalated in recent weeks as the US and Europe ramp up sanctions against the Islamic Republic.

Gold drops, but should you drop it?

Recent drops in the gold market aren't nearly enough to give up on it

China won't solve Europe's debt problems

China has stressed it will not be a savior to Europe as President Hu Jintao embarks on an official visit to the continent

Gold rises as US interest rates stay down

Gold rises, along with the euro and Australian dollar, after the S&P downgraded its outlook on the US. Gold rises above $1,500 and silver is trading above $44.

Oil prices, world markets affected by Japanese quake

Oil prices have dropped, and currencies in Japan, China, and Singapore will be affected.

Opinion: Hyperinflation led to Hitler and Mao. What will China's currency manipulation lead to?

China's currency manipulation aggravates US politicians, but it could also upend its own economic gains. By keeping the yuan artificially low, China increases inflation to dire levels. Instead of whining about the policy, the US must emphasize this dangerous tradeoff to China.

Stock market news: Euro edges down

Stock market news centers on the euro, which drifted back from a two-month high versus the dollar.

The Monitor's View: US and China summit: The clash of currencies

China's currency is making inroads in markets dominated by the US dollar --- even as Beijing manipulates the yuan's value. The US can't buy into Beijing's zero-sum view of the currency markets.

China money move: Beijing addresses a glaring weakness

China money: The yuan will now be worth more against the dollar, boosting Chinese consumers' buying power.

A global currency? No. A dollar substitute? Maybe.

World

China acts to stem the tide of officials fleeing with cash

As many as 10,000 corrupt government officials have fled China with $100 billion.

How 'green' are the world's banks?

The top-ranked bank was HSBC. Citigroup and Bank of America rated highest among US institutions.