US Treasury Department labels China a currency manipulator

Credit to Author: ggaviola| Date: Mon, 05 Aug 2019 22:45:40 +0000

WASHINGTON – The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world’s two biggest economies.

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Facebook’s currency plan gets hostile reception in Congress

Credit to Author: ggaviola| Date: Tue, 16 Jul 2019 22:52:31 +0000

Facebook's currency plan gets hostile reception in Congress

WASHINGTON – Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network’s ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users’ data.

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China’s currency becomes key issue in US trade talks

Credit to Author: jespinosa| Date: Sun, 03 Mar 2019 03:55:12 +0000

An employee packages 100-yuan notes at a bank in Nantong in China's eastern Jiangsu province on July 23, 2018. - China on July 23 rejected accusations by US President Donald Trump that it was manipulating the yuan to give its exporters an edge, saying Washington appeared "bent on provoking a trade war". (Photo by - / AFP) / China OUT

US officials have said any trade deal with China will include a provision to prevent manipulation of the exchange rate to help exporters but Beijing’s currency regime reflects a complex reality.

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