User: newstrust Topic: Business
Category: Global Economy :: Currency
Last updated: Jul 07 2020 19:20 IST RSS 2.0
 
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Steve Mnuchin Is An Idiot But You Knew That 25.1.2018 Crooks Liars
Stephanie Ruhle is a veteran market and economics reporter and she couldn't believe it. A break with long-standing Treasury secretary protocol, @stevenmnuchin1 pumps the narrative that a weak USD is good for trade... I guess the advantages of being the universal reserve currency doesn’t matter anymore. Is this strategy or recklessness? #davos https://t.co/aFCzlHn8an — Stephanie Ruhle (@SRuhle) January 24, 2018 And she was asked on Morning Joe as well to pull her hair out comment on the Treasury Secretary's blabbermouth unusual comment. MIKA BRZEZINSKI: Treasury Secretary Steve Mnuchin is already making headlines in Davos, telling reporters there that a weaker dollar is better for trade. Joe? JOE SCARBOROUGH: I am so confused. Stephanie Ruhle, let's bring you in. ...Even I know, you don't want your Treasury Secretary to say this, do you, at ...
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Here's the thing about the demise of dollar diplomacy . . . 19.10.2017 Washington Post
Here's the thing about the demise of dollar diplomacy . . .
Economy outlook still cloudy 3.9.2017 Hindu: Lead
An immediate stimulus is needed to regain the momentum to get India back to 8% growth
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The Maduro muddle 9.8.2017 Hindu: Opinion
How the Venezuelan dream unravelled
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What is gold standard in Economics? 31.7.2017 Hindu: Op-Ed
EconomicsA monetary system where the supply of money in the economy was fully backed by gold. Under this system, citizens could freely exchange their currency notes for gold at the central bank. Most ...
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The demolition of U.S. global power 18.7.2017 Le Monde Diplomatique

The superhighway to disaster is already being paved. From Donald Trump's first days in office, news of the damage to America's international stature has come hard and fast. As if guided by some malign design, the new president seemed to identify the key pillars that have supported U.S. global power for the past 70 years and set out to topple each of them in turn. By degrading NATO, alienating Asian allies, cancelling trade treaties, and slashing critical scientific research, the Trump White (...)

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Why China needs the One Belt One Road 29.5.2017 Rediff: Columns
China is keen to rebalance its economy towards higher consumption, services, technology use and value-added exports. The hope is that its currency will strengthen as the world embraces it as a global trade and reserve currency, say Abheek Barua & Bidisha Ganguly.
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The 2020 Census is headed for a "train wreck" thanks to Trump's mismanagement 11.5.2017 Boing Boing
The once-a-decade census is the "largest civic action undertaken by the entire country," providing data that "affects every corner of America, determining where hundreds of billions of federal dollars flow annually, where businesses open new stores and which states gain—or lose—seats in the House of Representatives." Without a high-quality census, America has no way to make good plans -- and crucially, has no objective way of evaluating self-serving policies that benefit the donor class -- and it's under threat. Trump's cuts and chaos has left the census gravely behind schedule on the three-year ramp up to the counting of every person in the nation, and Trump's racist policies may scare millions of migrants and people of color away from participating in an exercise that gives their intimate personal relationship to the federal government. The cuts mean that this year will mark the first-ever Census that participants can complete online, and they also mean that the information security practices to ...
Asia stocks slip after Fed signals more rate hikes in store 4.5.2017 Washington Post: World
Most Asian stock markets slipped Thursday after a lackluster day on Wall Street as the Fed used its latest assessment of the U.S. economy to signal that more interest rate increases are on the way.
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Trump Spins His First 100 Days 25.4.2017 FactCheck

In an interview with the AP, the president stretched the facts on China, his border wall and job creation.

The post Trump Spins His First 100 Days appeared first on FactCheck.org.

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Global stocks push higher after Fed, Dutch election 16.3.2017 Salt Lake Tribune
London • Global stocks pushed higher Thursday in the wake of relatively dovish comments from the U.S. Federal Reserve that accompanied another rate hike and amid relief over the Dutch election result. KEEPING SCORE: In Europe, Germany’s DAX was up 0.6 percent at 12,082 while France’s CAC-40 rose 0.5 percent to 5,009. London’s FTSE 100 gained 0.6 percent to 7,410. Wall Street was poised for modest gains at the open with Dow futures and the broader S&P 500 futures up 0.1 percent. U.S. RATE HIKE: T...
Asian stocks slip as investors await Fed’s likely rate hike 15.3.2017 Washington Post: World
Asian stocks fell Wednesday as the Fed met to decide on whether to hike interest rates in view of improvements in the U.S. economy.
China's foreign reserves rise after capital controls 7.3.2017 Salt Lake Tribune
Beijing • China’s foreign exchange reserves rebounded unexpectedly from a six-year low in February after Beijing imposed controls to stop a flood of capital leaving the world’s second-largest economy. The reserves rose by a relatively modest $6.9 billion to just over $3 trillion, according to official data Tuesday, while private sector analysts had expected them to shrink. The central bank has been spending the reserves them to keep the currency in line with the dollar after expectations it woul...
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China’s foreign reserves rise following capital controls 7.3.2017 Washington Post: World
China’s foreign exchange reserves rebounded unexpectedly from a six-year low in February after Beijing imposed controls to stop a flood of capital leaving the world’s second-largest economy.
Trump’s Embattled ‘Revolution’ 25.2.2017 ConsortiumNews.com
President Trump’s domestic “revolution” on behalf of “forgotten” Americans requires a complementary foreign policy of reduced warfare and a weaker dollar, explains ex-British diplomat Alastair Crooke. By Alastair Crooke Pat Buchanan – perhaps the U.S. politician with the greatest feel…Read more →
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Arcadia's mega-mansions used to sell to Chinese buyers in days. Now they're sitting empty for months 23.2.2017 LA Times: Commentary

The mansion on Fallen Leaf Road in the secluded Upper Rancho neighborhood of Arcadia has all the trappings a wealthy buyer from China could want: a crystal chandelier in the entryway, marble floors, a home theater outfitted with a dozen reclining leather chairs and, naturally, a fortuitous eight...

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Iceland worries about tourist boom 9.2.2017 Le Monde Diplomatique

Iceland is surfing a tourist boom. From 440,000 tourists in 2008, numbers started surging in 2011, and reached 1.3 million in 2015, and 1.8 million in 2016. (The population is 330,000 in an area some 40% of that of the United Kingdom.) How did this happen? Iceland experienced the sharpest crash of all the OECD economies in 2008-9. It regained its pre-crash level of average income by late 2014; its 2016 GDP grew super-fast, at over 6%, and forecasts suggest annual growth of almost 5% between 2017 (...)

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What it means if Trump names China a currency manipulator 30.12.2016 LA Times: Business

President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House.

There's only one problem: It's not true anymore. China, the world's second-biggest economy behind the United States, hasn't been pushing down its currency to benefit Chinese exporters...

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What if Trump names China a currency manipulator 29.12.2016 Salt Lake Tribune
Washington • President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There’s only one problem - it’s not true anymore. China, the world’s second-biggest economy behind the United States, hasn’t been pushing down its currency to benefit Chinese exporters in years. And even if it were, the law targeting manipulators requires the U.S. spend a year negotiating a solution before it can retaliate. Trump spent much of the campaign blaming China’s... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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2017: The year of the strong dollar (and weak rupee) 21.12.2016 Rediff: Columns
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
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