Why China Is Loosening the Yuan’s Ties to the Dollar

Why China Is Loosening the Yuan’s Ties to the Dollar
Meanwhile, China’s economy is going in the other direction, with Beijing cutting interest rates and making other moves to loosen monetary policy and spur slowing economic growth. A U.S. rate … On Friday, China’s central bank signaled its hope to …
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14 Airports in Greece to Be Privatized in .3 Billion Deal
The contract, worth 1.2 billion euros, or $ 1.3 billion, is part of an effort to privatize state assets and adopt economic changes demanded by international creditors under Greece’s €86 billion bailout program. Some other measures are under debate in …
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Asian Morning Briefing: US Stocks Rise as Oil Rout Eases
The dollar continued along its downward path against the euro and the yen on Monday as investors leaned toward the likelihood the U.S. currency would weaken in the aftermath of the Federal Reserve’s policy meeting this week. Price moves … Meanwhile …
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