For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar’s influence, especially now, when the Fed’s stimulus actions are pushing the dollar lower, and everything else h…
General Motors plans to raise its stake in a joint venture that manufactures small passenger vans for the Chinese market.
Continue reading General Motors Boosting Stake in China Joint Venture
Gen…
China posted its second-largest trade surprlus of the year in October, giving further ammunition to critics who say that the country’s currency should be stronger.
The country’s October exports were worth $27.15 billion more than its imports for the month, the largest figure for any month this year except July, MarketWatch reported.
Critics charge that China keeps the value of its…
Continue reading China Trade Surplus Grows to $27 Billion
China Trade Surplus Grows to $27 Billion originally appeared on DailyFinance on Wed, 10 Nov 2010 07:06:00.
Over the last 11 years, Asia’s IPO market has ascended while the U.S. market has imploded. Led by China, which has raised $76 billion through IPOs in 2010, Asia’s share of global IPOs has increased from 12% in 1999 to 66%. Mean…
The U.S. finds itself on the wrong side of the currency manipulation argument this week, as many G20 countries criticize the Fed’s $600 billion bond buying plan, which could further devalue the dollar. World leaders say the mov…