Like the risk-on, risk-off volatility that has buffeted global markets this year, China's currency policy has been subjected to bouts of pressure and criticism from abroad interspersed with periods of calm.
Chinese inflation quickened to a 19-month high in May, but a moderation of growth in factory production and capital spending could further ease worries that the world's third-largest economy runs the risk of boiling over.
U.S. lawmakers proposed no new limits on banks on Thursday as they met to hammer out a final overhaul of Wall Street regulations, but they voiced strong support for measures that directly threaten industry profits.
Banks were under intense political pressure as a congressional panel negotiating a final Wall Street reform bill convened its first meeting on Thursday.
U.S. lawmakers tasked with hammering out a final version of financial-reform legislation will use as a starting point a bill that combines mortgage reforms passed by the House and the Senate, according to a summary obtained by Reuters.
Banks were under intense political pressure as a U.S. congressional panel negotiating a final Wall Street reform bill convened its first meeting on Thursday.
Treasury Secretary Timothy Geithner, delivering his sharpest criticism of China's exchange rate policies in months, said on Thursday the yuan's value was critically important for the world economy.
U.S. Treasury Secretary Timothy Geithner said on Thursday that reform of China's exchange rate is critically important to the U.S. and global economies and a more flexible yuan was in China's interest.
The number of workers filing new applications for unemployment insurance fell less than expected last week, government data showed on Thursday, pointing to a gradual labor market recovery.
The number of workers filing new applications for unemployment insurance fell less than expected last week, while the trade deficit widened slightly in April, pointing to a moderate economic recovery.
The number of workers filing new applications for unemployment insurance fell less than expected last week, while the trade deficit widened slightly in April, pointing to a moderate economic recovery.
Stock index futures pointed to a higher open for Wall Street on Thursday, rebounding from falls in the previous session, with futures for the Dow Jones, S&P 500 and Nasdaq up 0.9 to 1.1 percent by 0849 GMT.
BP Plc has bought terms such as oil spill from search engine providers including Google Inc to help direct Internet users to its website as it attempts to control the worst oil spill in U.S. history.
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.
BP Plc has bought terms such as oil spill from search engine providers including Google Inc to help direct Internet users to its website as it attempts to control the worst oil spill in U.S. history.
British energy giant BP Plc's stock price tumbled on Wednesday as it faced more U.S. government and congressional scrutiny over its handling of the massive Gulf of Mexico oil spill.
The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.
Negotiators from the Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models.
Hiring by U.S. private employers slowed sharply in May, a setback for the economy's recovery, even as temporary census hiring pushed overall payrolls growth to its biggest increase in 10 years.
President Barack Obama said on Friday the gain of 431,000 jobs in May is a sign the economy is getting stronger, although there will still be ups and downs going forward.
U.S. private employers hired fewer workers than expected in May, a setback for the labor market recovery, even as temporary census hiring pushed overall payrolls growth to its fastest pace in 10 years.
Private employers hired fewer workers than expected in May, a setback for the labor market recovery, even as temporary census hiring pushed overall payrolls growth to its fastest pace in 10 years.
