WASHINGTON-- The Trump administration said Vietnam's currency practices, including "excessive foreign exchange market interventions," hurt American businesses, but that it decided not to take any punitive action. The decision to skip penalties in a new trade dispute came days before President-elect Joe Biden is to be sworn into office, and followed opposition during a recent hearing from U.S. companies doing business in Vietnam. The Office of the U.S.
The fastest Covid-19 vaccination rollout in the world is drawing investors to Israel, making its stock market one of the top performers in 2021.. Israel's benchmark TA-125 stock index has gained nearly 6% this year in dollar terms, outperforming both the S&P 500 and the eurozone's Euro Stoxx Index. Last year, the TA-125 didn't fare as well as either of those gauges, rising just 4.3% in dollar terms.
BEIJING--China's foreign-exchange reserves rose for the second straight month in December amid eased capital outflow pressure. The country's hoard of foreign exchanges increased by $38.03 billion to $3.217 trillion at the end of 2020, according to data from the People's Bank of China. The result was higher than the $32 billion increase expected by seven economists polled by The Wall Street Journal.
BEIJING--The People's Bank of China on Sunday concluded its second digital-currency pilot program, as the central bank moves closer to a formal rollout that would make China the first major world economy to introduce such a system. This month, authorities in the eastern Chinese city of Suzhou handed out 20 million digital yuan, equivalent to$ 3.1 million, to local residents via a lottery. Each of the 100,000 winners received 200 yuan in the new digital currency, which could be spent...
The British pound weakened against the dollar and U.K. stocks fell as the continuing failure to arrive at a post- Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell as much as 2.3% against the dollar in trading before recovering some of its losses, ending the day 0.5% weaker. It fell 0.4% against the euro.
The British pound was on course for its steepest one-day fall against the U.S. dollar since the worst of March's market rout as the continuing failure to arrive at a post-Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell 1.6% against the dollar and 1.3% against the euro Monday. Over the weekend, the government imposed a fresh lockdown across London and the surrounding areas of England in the days leading up...
The British pound was on course for its steepest one-day fall against the U.S. dollar since the worst of March's market rout as the continuing failure to arrive at a post-Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell 1.8% against the dollar and 1.1% against the euro Monday. Over the weekend, the government imposed a fresh lockdown across London and the surrounding areas of England in the days leading up...
The British pound was on course for its steepest one-day fall against the U.S. dollar since the worst of March's market rout as the continuing failure to arrive at a post-Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell 2.2% against the dollar and 1.5% against the euro Monday. Over the weekend, the government imposed a fresh lockdown across London and the surrounding areas of England in the days leading up...
Treasury Department labeled Switzerland and Vietnam as currency manipulators on Wednesday, saying the two countries had intervened in foreign-exchange markets in a persistent, one-sided manner to limit appreciations of their currencies. "The Treasury Department has taken a strong step today to safeguard economic growth and opportunity for American workers and businesses," Treasury Secretary Steven Mnuchin said in a statement. "Treasury will follow up on its findings...
Treasury Department labeled Switzerland and Vietnam as currency manipulators on Wednesday, saying the two countries had intervened in foreign-exchange markets in a persistent, one-sided manner to limit appreciations of their currencies. "The Treasury Department has taken a strong step today to safeguard economic growth and opportunity for American workers and businesses," Treasury Secretary Steven Mnuchin said in a statement. "Treasury will follow up on its findings...
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