Topic: Asian Economy
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 ...
China tightening fears send Asian markets lower
AFP Global Edition
Speculation that China will take more steps to cool its economy hit sentiment in Asia Monday, with Shanghai and Hong Kong lower as risk-averse investors stayed on the sidelines. Trade was relatively quiet ahead of meetings this week by eurozone finance ministers and the US and Japanese central banks. Investors ...
Japan PM calls for 'firm steps' against strong yen
AFP Global Edition
Japan's Prime Minister Yukio Hatoyama on Friday made a rare call for "firm steps" to stem the strength of the yen as the currency's recent advances have hit exporters' earnings. Hatoyama told a parliamentary session that the yen's current high value gave a misleading impression of the ...
South Korea Interest Rate
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