The leaders of the 20 major economies failed to back a U.S. plan intended to push China to let its currency strengthen. The leaders released a statement saying all the countries pledged to avoid “competitive devaluation” of currencies, The Associated P…
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…
China and Germany, the world’s second-largest and fourth-largest economies respectively, expressed concern about Federal Reserve plans to pump $600 billion into the U.S. economy.
The Fed announced plans to buy $600 billion of assets earlier this week…
In Asia on Tuesday, Hong Kong’s Hang Seng Index rose 0.1%, China’s Shanghai Composite inched down 0.3%. and in Japan, the Nikkei 225 crept up 0.1%. Investors are closely monitoring the U.S. midterm elections, with many predicti…
Analysts lately have loudly proclaimed the end of the dollar, leaving investors looking to stay ahead with a choice of betting on stocks, which have 17% fallen in the last decade, or staying “safe” in very low-yield money marke…