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So much for the all-mighty renminbi
Surprise, surprise, surprise: The Chinese are still holding the value of their currency down against the dollar. It has been almost a month since China said it would let the renminbi trade more freely,...
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David Rubenstein: U.S. is losing its competitive edge
The Carlyle Group co-founder says the U.S. threatens to fall behind China, thanks to our growing deficit and government debt. Meanwhile, Treasury Secretary Tim Geithner downplays the threat of a...
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What exactly is a currency war, anyway?
Currency volatility is certainly a problem, but no one's quite sure if we'll know when it becomes a full-blown war. Tensions are escalating among some of the world's biggest economies as finance...
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China's economy has bigger problems than its currency
Is the weak renminbi really the main problem? One analyst thinks China's health care spending and lack of a consumer-driven economy are to blame for U.S. trade woes. In the world of politics, China's...
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Baby steps toward a free-trading Chinese currency
The once locked down renminbi is starting to get traded outside the mainland. Why now? By Katherine Ryder, contributor FORTUNE -- Will the renminbi be sold at a bank near you? Perhaps not immediately,...
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Exports have fully recovered, but hold the champagne
We've returned to pre-recession levels in our exports, but every other sector of the economy still has a ways to go. FORTUNE — After more than a two-year slump, the U.S. is finally exporting as much as...
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China's lofty currency plans are just getting started
Last week's coordinated depression of the yuan is a sign that the world's second-largest economy is looking to secure a much larger role in the global economy. FORTUNE -- For years, investors around...
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What China’s tumultuous summer means for the U.S.
For much of the summer, troubling economic news from China seemed to wind its way west. Asian markets would plunge, European markets would falter, and Wall Street would swoon. While China's emergence...
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Here’s Why Donald Trump Won’t Like the IMF’s China Decision
Donald Trump and the technocrats at the International Monetary Fund don’t agree on much, and you can bet your last yuan that the Republican presidential nominee will not favor the IMF’s most recent...
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China’s Mixed Motives: Why Beijing Is Taking on the Dollar
The news that the International Monetary Fund (IMF) has formally decided to include the Chinese currency, the renminbi, in its Special Drawing Rights (SDR) cheered many in the Chinese capital. For at...
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How Bloomberg Is Helping Bring China’s Yuan to New York
The IMF's move to call China's yuan a global reserve currency this week--ostensibly putting it on par with the U.S. dollar, yen, euro, and pound--was an important symbol of how far the currency has...
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These Charts Explain China Currency’s Moves
China's central bank's decision on Friday to manage the country's currency against a basket of currencies, instead of pegging it solely to the dollar like it has for years, might foreshadow more...
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Everything You Need to Know About China’s Weakening Currency
Chinese central bankers must be grinning over their cups of hot tea. In August 2015 the People's Bank changed the way it manages China's renminbi. The currency's 2% overnight fall triggered a global...
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