Topic: Currency Markets
Senate bill would penalize China over yuan
Reuters US Online Report Top News
BEIJING (Reuters) - China said on Wednesday it "could not be any clearer" in its repeated commitment to a stable exchange rate after the U.S. Congress threatened to levy duties on some Chinese exports if it fails to revalue its currency. The temperature in the long-running dispute over China's ...
Senators back bill to pressure China on currency
AP News
Senators announce bill to pressure China to allow currency to rise in value against dollarA group of 14 U.S. senators unveiled legislation Tuesday that seeks to increase pressure on China to let its currency to rise in value against the dollar, saying Chinese "currency manipulation" is hurting the U ...
U.S. bill would OK duties to fight China currency
Reuters US Online Report Politics News
WASHINGTON (Reuters) - China could face duties on some of its exports to the United States if it does not take steps to realign its currency, according to the draft text of a Senate bill to be unveiled on Tuesday. The legislation crafted by Senators Charles Schumer, a New York Democrat ...
China dismisses US lawmakers on currency
AFP Global Edition
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, who said at the weekend China would not yield to foreign pressure ...
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