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China doubling yuan band signals drive for convertibility
China's decision to widen the yuan's trading band against the dollar for the first time since 2007 signals a drive toward a convertible currency that also saw overseas investors get bigger investment quotas this month. The band's increase to one per cent from 0.5 per cent takes effect tomorrow, the People's Bank of China said on its website yesterday. This month, regulators raised quotas for foreigners
China's decision to widen the yuan's trading band against the dollar for the first time since 2007 signals a drive toward a convertible currency that also saw overseas investors get bigger investment quotas this month. The band's increase to one per cent from 0.5 per cent takes effect tomorrow, the People's Bank of China said on its website yesterday. This month, regulators raised quotas for foreigners
Obama enlists millionaires in Buffett rule campaign
President Barack Obama is intensifying his campaign for higher taxes on top U.S. earners by casting the issue against Republican opposition as one of fairness and support for the middle class.
President Barack Obama is intensifying his campaign for higher taxes on top U.S. earners by casting the issue against Republican opposition as one of fairness and support for the middle class.
Rick Santorum quits White House run
Former Pennsylvania senator Rick Santorum on Tuesday suspended his Presidential campaign, leaving the field clear for former Massachusetts Governor Mitt Romney to become the Republican party's nominee to face incumbent Barack Obama in the November elections.
Former Pennsylvania senator Rick Santorum on Tuesday suspended his Presidential campaign, leaving the field clear for former Massachusetts Governor Mitt Romney to become the Republican party's nominee to face incumbent Barack Obama in the November elections.
PPP to go for majority vote over resumption of NATO supplies if no consensus in Parliament
Pakistan's ruling party, PPP, and its allied partners have decided in principle to go ahead with efforts to get a redrafted resolution on resumption of NATO supplies passed with a majority vote in
Mihir S Sharma: As bad as it gets?
You have to have steel in your soul to read the newspapers these days. Everyone is either corrupt or ineffectual, rapacious capitalists cart off our natural resources unimpeded in large trucks
Iran: Website slammed for offer talk to US
Iran's Culture Ministry on Wednesday sharply criticized a conservative news website that offered Iranians a chance to pose questions to a Farsi-speaking spokesman for the U.S. State Department,
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