A Chinese central bank adviser said Beijing could ease pressure over the yuan by buying more from recession-hit U.S. states, but China had no official reaction on Monday to the Obama administration's delay of a contentious currency report.
U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
U.S. Treasury Secretary Timothy Geithner will try to strengthen bilateral ties with India during talks in New Delhi this week, but his visit may be overshadowed by Washington's tense relationship with China. Both the United States and India will be simultaneously pushing trade and foreign exchange agendas with China, as they discuss cooperation on infrastructure development and financial markets.
The Obama administration expects U.S. job creation to quicken but economic recovery has a long way to go despite improved trends, White House officials said on Sunday.
The Obama administration expects job creation to accelerate and Congress to approve financial reform legislation, White House economic adviser Lawrence Summers said on Sunday.
U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
Treasury Secretary Timothy Geithner said on Friday the Obama administration wants to maximize the chances that China will quickly lift the value of its yuan currency and expressed confidence Beijing would decide doing so was in its interest.
The Foreign Correspondents Club of China said on Friday it had shut its website after a burst of hacker attacks, days after attacks on the Yahoo email accounts of some foreign journalists covering China were discovered.
The Obama administration has not decided to delay a report that could brand China a currency manipulator and Chinese President Hu Jintao's upcoming visit does not affect the issue, the White House said on Friday.
The Obama administration will defer a decision on whether to name China a currency manipulator until well after President Hu Jintao visits Washington for a nuclear proliferation summit, the New York Times reported on Friday.
The Obama administration will defer a decision on whether to name China a currency manipulator until well after President Hu Jintao visits Washington for a nuclear proliferation summit, the New York Times reported on Friday.
China's central bank said on Friday that it expected the dollar to strengthen this year, but it raised the specter of worldwide asset bubbles and inflation.
U.S. auto sales jumped 24.3 percent in March, the strongest result in months, led by a rebound at recall-hit Toyota Motor Corp , which offered record incentives aimed at putting the crisis behind it.
The Dow and the S&P 500 rose on Thursday, thanks to upbeat economic data, but the Nasdaq was stagnant as investors pummeled shares of Research In Motion following downbeat results.
The Dow and the S&P 500 rose on Thursday, thanks to upbeat economic data, but the Nasdaq was stagnant as investors pummeled shares of Research In Motion following downbeat results.
Japanese auto sales jumped by a quarter in March to cap a business year that relied heavily on government incentives, while South Korea's Hyundai Motor continued to rack up impressive sales growth, sending its shares to a record high.
Ford Motor Co's sale of its Volvo unit this year will leave the No. 2 U.S. automaker with no luxury brand outside North America.
Stocks rose on Thursday, buoyed by optimism about the economic recovery after stronger-than-expected manufacturing and jobs data.
The world's largest mobile phone maker Nokia said on Thursday it had won handset deals with distributors in China worth over $2 billion.
Factories in the United States, Europe and Asia cranked up production last month, suggesting recovery from a deep recession was taking root in economies around the globe.
Stocks rose on Thursday as positive jobs and manufacturing data fueled optimism that a sustained recovery was on track, prompting investors to snap up riskier assets like equities and commodities.
A few months ago I had written about the gold's love for tragedies. Gold always thrived on disasters like recession and rising inflation rates. So when the world is looking rosy and there are no immediate financial dangers lurking in the backyard of countries, what will the much-sought-after yellow metal do? If you want to know this, just have a look at the movements of gold prices in the recent past when World Bank and International Monetary Fund predicted that the global economy is back on tra...
