28 August, 2015 by The TZ Newswire Staff Comments Off on China defends devaluation, sees ‘limited’ impact
China defends devaluation, sees ‘limited’ impact
China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a “normal adjustment”.
28 August, 2015 by The TZ Newswire Staff Comments Off on China’s Commerce Ministry defends yuan devaluation, sees ‘limited’ impact
China’s Commerce Ministry defends yuan devaluation, sees ‘limited’ impact
Xinhua, China’s state news agency, reports a Commerce Ministry spokesman (unnamed) as saying the recent yuan devaluation will have a limited impact on China’s foreign trade.
28 August, 2015 by The TZ Newswire Staff Comments Off on 2 central bankers made significant comments this week re a Fed Sept. rate hike
2 central bankers made significant comments this week re a Fed Sept. rate hike
Way back in August 2013, at a little old symposium held at Jackson Hole, two central bankers warned the Federal Reserve of ‘tapering’ too soon: one was India’s Raghuram Rajan, the other was Mexico’s Agustin Carstens.