Topic: People's Bank of China
All Content
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Stocks snap losing streak
Thursday was the best day for US stocks since Sept. 13, when Federal Reserve Chairman Ben Bernanke announced further steps by the central bank to speed the economic recovery. Stocks were also helped by speculation that the central bank of China will act soon to help the world's No. 2 economy.
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World markets recover as Spain, Greece brace for austerity
Th mood in the financial markets improved slightly Thursday, though investors remained concerned about violent protests in Greece and Spain over planned austerity measures. Worries that the Spanish government is losing control continued to hurt that country's markets.
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Weak retail sales figures push stocks lower
Stocks closed mostly lower Thursday after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought. The Dow Jones industrial average closed down 47 points at 12,896.
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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.
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China to US on currency bill: I wouldn't do that if I were you
The US Senate passed a currency bill that would punish countries that subsidize their exports by maintaining an artificially low exchange rate. China called such a law a 'lose-lose' for both sides.
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How wrong is Time's most influential people list?
Really wrong. Time has a strange definition of 'influence.'
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Stock prices rise globally as Japan threat fades
Stock prices are up in Asia and Europe. Futures point to a rise in US stock prices at the open.
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China continues to promise currency flexibility
Currency legislation is moving through Congress. The exchange rate flexibility promised by Chinese officials may not be enough to head off a vote for the US to impose sanctions.
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Delicate balancing act for Beijing as Chinese yuan appreciates
Beijing unpegged the Chinese yuan from the dollar last weekend, leading to a half-point rise against the US currency this week. The value of China's currency has been a highly contentious issue with trade partners.
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Currency manipulator accusations against China unbalanced
US accusations that China is a currency manipulator do not fairly take into account the export sector and unemployment consequences to China if they unpegged the yuan.
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Opinion: Barack Obama, and America's place in the world
US domination is giving way to greater balance.
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