2010年6月19日星期六

Yahoo! News: World - China

 
 
 
 
 
 
 
 

Yahoo! News: World - China


Canada welcomes China currency shift (AFP)

Posted: 19 Jun 2010 03:39 PM PDT

China's 100 Yuan, or Renminbi, notes, the largest denomination in Chinese currency. Canada Saturday praised the announcement by China that it would seek a more flexible exchange rate, saying it would help lead to more balanced and sustainable global economic growth.(AFP/File/Frederic J. Brown)AFP - Canada Saturday praised the announcement by China that it would seek a more flexible exchange rate, saying it would help lead to more balanced and sustainable global economic growth.


Peg is dead as China vows yuan flexibility before G20 (Reuters)

Posted: 19 Jun 2010 03:06 PM PDT

An employee packs bundles of Renminbi banknotes at a branch of Bank of China in Hefei, Anhui province February 8, 2010. REUTERS/StringerReuters - China said on Saturday it would gradually make the yuan more flexible, in a gesture that may deflect foreign criticism at next week's G20 summit but will not quickly yield a big move by its currency.


For U.S., yuan talk is good, action is better (Reuters)

Posted: 19 Jun 2010 01:48 PM PDT

Reuters - China's unexpected pledge on Saturday to allow its currency to rise more rapidly will probably make for a less contentious meeting with Group of 20 world leaders in Toronto next week.

Analysts' View: China vows yuan flexibility ahead of G20 (Reuters)

Posted: 19 Jun 2010 01:37 PM PDT

Reuters - China will gradually make the yuan's exchange rate more flexible, the central bank said on Saturday, indicating that it was ready to break a 23-month-old U.S. dollar peg that has come under intense fire from abroad.

US welcomes China currency move, but doubts persist (AFP)

Posted: 19 Jun 2010 01:34 PM PDT

US President Barack Obama welcomed China's decision Saturday to make its yuan exchange rate more flexible, saying it would boost global economic recovery from a battering financial crisis.(AFP/File)AFP - US President Barack Obama welcomed China's decision Saturday to make its yuan exchange rate more flexible, saying it would boost global economic recovery from a battering financial crisis.


China makes long-awaited currency move (AFP)

Posted: 19 Jun 2010 01:07 PM PDT

China's central bank said Saturday it would make its yuan exchange rate more flexible, an indication analysts said that Beijing was ready to scrap the dollar peg and allow the currency to rise.(AFP/File)AFP - China's central bank said Saturday it would make its yuan exchange rate more flexible, an indication analysts said that Beijing was ready to scrap the dollar peg and allow the currency to rise.


China to allow more exchange rate flexibility (AP)

Posted: 19 Jun 2010 11:31 AM PDT

** FILE ** In this Nov. 17, 2009, file photo, a bank clerk stacks up renminbi banknotes at a bank in Hefei in central China's Anhui province. China's central bank promised Saturday June 19, 2010, to allow more exchange rate flexibility, suggesting a possible break from the Chinese yuan's two-year peg to the U.S. dollar, but it ruled out any large-scale appreciation. (AP Photo/File) ** CHINA OUT **AP - President Barack Obama welcomed China's announcement Saturday that it will allow a more flexible exchange rate for its currency, saying it would help protect the economic recovery.


Caterpillar calls China move on yuan encouraging (Reuters)

Posted: 19 Jun 2010 11:01 AM PDT

Reuters - Caterpillar Inc , the U.S. machinery giant that sells billions of dollars of earth-moving equipment and other products to China each year, said on Saturday it was heartened by China's move to gradually make the yuan more flexible, saying it would help lift U.S. exports.

Geithner says test is how much China yuan moves (Reuters)

Posted: 19 Jun 2010 10:46 AM PDT

U.S. Treasury Secretary Timothy Geithner arrives to testify about the U.S. economic policy towards China during a hearing of the Senate Finance Committee on Capitol Hill in Washington June 10, 2010. REUTERS/Molly SkipperReuters - Treasury Secretary Timothy Geithner welcomed China's decision on Saturday to make its yuan exchange rate more flexible, but said "the test is how far and how fast they let the currency appreciate."


China currency move overdue, more needed: Grassley (Reuters)

Posted: 19 Jun 2010 10:36 AM PDT

Reuters - The top Republican on the Senate's tax-writing committee on Saturday called China's yuan move overdue and said the United States should continue pressing for the currency to appreciate in value.

Obama says China's yuan move a "constructive" step (Reuters)

Posted: 19 Jun 2010 09:41 AM PDT

Reuters - President Barack Obama on Saturday welcomed China's announcement that it would resume exchange rate reform to make its yuan currency more flexible.

China's central bank statement on the yuan exchange rate (Reuters)

Posted: 19 Jun 2010 09:20 AM PDT

Reuters - Below is a full text statement from The People's Bank of China on the yuan's exchange rate as posted on their website (http://www.pbc.gov.cn/english/detail.asp?col=6400&id=1488).

China's Xi visits Australia amid mining tax spat (AFP)

Posted: 19 Jun 2010 08:51 AM PDT

Victorian Premier John Brumby (L) shakes hands with China's Vice President Xi Jinping at Australian Football League (AFL) house in Melbourne. Xi began a five-day tour of Australia Saturday, with Beijing seeking assurances over a proposed 40 percent tax on mining industry profits.(AFP/POOL/David Crosling)AFP - China's leader-in-waiting Xi Jinping began a five-day tour of Australia Saturday, with Beijing seeking assurances over a proposed 40 percent tax on mining industry profits.


Factbox: Main features of China's currency system (Reuters)

Posted: 19 Jun 2010 08:34 AM PDT

Reuters - China will gradually make the yuan's exchange rate more flexible, the central bank said on Saturday a week before a G20 summit, strongly suggesting that it was ready to break the currency's 23-month-old dollar peg.

Toyota resumes China plant output as strike ends (Reuters)

Posted: 19 Jun 2010 07:47 AM PDT

Employees walk around the Toyoda Gosei plant in Tianjin during a strike June 18, 2010. REUTERS/Vincent DuReuters - Toyota Motor Corp (7203.T) avoided a prolonged suspension of production at its main Chinese car factory when a strike at a plastic parts supplier was settled on Saturday.


Lessons from failed Cold War spy mission in China (AP)

Posted: 19 Jun 2010 07:29 AM PDT

FILE - In this undated black-and-white file photo provided by then-UN Secretary General  Dag Hammarskjold, Richard J. Fecteau of Lynn, Mass.,  is weighed and measured by a Chinese nurse, according to information received by his mother  January 21, 1955, with this snapshot.  (AP Photo, File)AP - Detail by painful detail, the CIA is coming to grips with one of the most devastating episodes in its history, a botched cloak-and-dagger flight into China that stole two decades of freedom from a pair of fresh-faced American operatives and cost the lives of their two pilots.


China currency move not enough: Senate aide (Reuters)

Posted: 19 Jun 2010 07:17 AM PDT

An employee counts Renmingbi banknotes at a branch of the Bank of China in Changzhi, Shanxi province November 27, 2008. REUTERS/StringerReuters - China's announcement that it will make its currency more flexible is a positive step but probably won't satisfy lawmakers pushing for a major appreciation, a senior Senate aide said on Saturday.


More than a million evacuated in China over flood threat (AFP)

Posted: 19 Jun 2010 05:59 AM PDT

A team of Chinese rescuers practice how to set up an emergency dyke in Lianyungang, east China's Jiangsu province on June 17. More than a million people living along rivers in China's south have been evacuated with water rising to dangerous levels, state media said Saturday, as torrential rains left at least 88 dead.(AFP/File/AFP/File)AFP - More than a million people living along rivers in China's south have been evacuated with water rising to dangerous levels, state media said Saturday, as torrential rains left at least 88 dead.


At least 136 dead or missing in China floods (Reuters)

Posted: 19 Jun 2010 02:58 AM PDT

A car is driven through a flooded street in Yingtan, Jiangxi province, June 19, 2010. Floods and landslides across southern China have killed at least 69 people and left 44 missing in a week, Xinhua news agency said on Saturday. REUTERS/StringerReuters - Floods and landslides across southern China have killed at least 88 people and left 48 missing in a week, Xinhua news agency said on Saturday.


90 dead in southern China flooding; 1.4M evacuated (AP)

Posted: 19 Jun 2010 01:11 AM PDT

In this Friday, June 18, 2010 photo released by China's Xinhua News Agency, soldiers transfer an old woman trapped by the flood water at Songxi Town of Qingliu County, southeast China's Fujian Province.  The Ministry of Civil Affairs said Friday emergency rescuers had been dispatched across southern China to help the 2.6 million people affected by the flooding, which has caused $400 million in damages. (AP Photo/Xinhua, Lu Lijie) ** NO SALES **AP - The death toll from flooding this week in southern China rose to 90 Saturday, and 1.4 million people were evacuated as the inundated region prepared for more heavy storms.


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