Topic: Financial Markets
China criticizes US pressure over currency
AP News
China criticizes US pressure over currency, says yuan not to blame for US deficitChina on Tuesday rejected U.S. calls to ease currency controls and said criticism would not help efforts to end the global crisis. A Commerce Ministry spokesman repeated Chinese complaints that Washington was acting unreasonably by expecting ...
Petrol prices heading towards record high: AA
AFP European Edition
Motorists are bracing for record petrol costs after the AA said Tuesday that prices could hit £1.20 a litre within the next few weeks. The motoring organisation blamed increasing oil prices for the hike, but the current cost of 80 US dollars per barrel is considerably lower than the ...
Bank of Japan meet begins, considers fresh steps
AFP Global Edition
Japan's central bank began a two-day monetary policy meeting Tuesday amid speculation it may announce fresh emergency measures to spur an economic recovery hobbled by deflation and weak demand. The Bank of Japan is widely expected to hold interest rates unchanged at 0.1 percent -- a rock-bottom rate it ...
China hits back at 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 at the weekend, who said Beijing would not yield to foreign pressure ...
Related Videos by 5min
on OneRiot
Related Photos by Flickr
