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An America drowning in red ink is the land of the free no more
Topic - People'S Bank Of China
A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by entrepreneurs.
Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ended an annual meeting of the International Monetary Fund.
Stocks notched their first gain of the week Thursday after Spain announced severe budget cuts intended to convince the world that it can meet deficit-reduction targets.
Fear that Spain may need a bailout sent its borrowing costs soaring, the euro to a two-year low against the dollar and stocks around the world tumbling as investors pulled back Monday from all manner of risk.
Stocks are finishing the day mostly lower on Wall Street after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought.
A glitch in the "Great Firewall" of China likely caused many of that country's half-billion Internet users to be cut off from the World Wide Web for more than two hours Thursday.
Dear U.S. Treasury Department, This letter is a friendly reminder that the monthly interest payment on your account in the amount of $2,217,000,000.37 is now past due ...
The new chief of the International Monetary Fund has appointed a senior White House official to be her top deputy.
A rare public protest against the Chinese military took place June 18 at the Chinese border city of Shenzhen, the logistics base for all People's Liberation Army (PLA) troops stationed in nearby Hong Kong.
An online payment system founded by Chinese e-commerce giant Alibaba Group was granted a government license, the company said Thursday, following an ownership change that rattled investors in partner Yahoo Inc.
How the world has changed: The decision by China's central bank to raise key interest rates by one-quarter of a percentage point has sparked a worldwide sell-off in stocks, commodities and emerging-markets currencies. Investors have lowered expectations for Chinese growth, which many see as a driver of the global economy.
China raised its key interest rate Tuesday for the first time since the global financial crisis as it tries to control inflation and rapid growth even as other Asian economies move to keep their recoveries on track.
Senate Finance Committee Chairman Max Baucus warned a Beijing audience Thursday that the Senate is ready to move on legislation after the midterm elections that would penalize China for manipulating its currency to gain an advantage in trade.
China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone could not rebalance world growth as it urged world leaders to carry out more fundamental reforms.
China's decision to end its currency's 2-year-old peg to the U.S. dollar is stirring anticipation of a gradual appreciation in the yuan in trading Monday -- an increase that would bring relief to foreign manufacturers struggling to compete with cheap Chinese products.