Williams used to be top adviser to now Fed chair Janet Yellen
China's authorities have largely succeeded in its objective of revamping the foreign exchange mechanism to make the currency renminbi (RMB) more market-oriented and relative stable to a basket of currencies over the past year, thanks to improved policy communication, U.S. experts have said.
Today marks the one year anniversary of China’s exchange rate reform started from August 11, 2015, when the People’s Bank of China (PBOC) decided to launch reform on the central parity price mechanism of RMB, the Chinese currency. Over the past year, RMB has experienced three sharp fluctuations.
Decision between Seoul and Washington to deploy Terminal High Altitude Area Defense (THAAD) in South Korean soil adds worry to the already sagging economy as the deployment is expected to reduce trade with China, South Korea' s largest trading partner.
The unemployment rate in Algeria dropped to 9.9 percent in April 2016 compared with 11.2 percent in September 2015, the National Statistics Office (ONS) said on Saturday.
The U.S. economy grew at an annual rate of 1.2 percent in the second quarter this year, which is below market expectation, the Commerce Department said Friday.
The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the US economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.
The spot exchange rate of CNY/USD dropped below 6.7 last night, setting a new low since November 2010. Yesterday, the central parity rate of CNY/USD plummeted by 159 base points to 6.6961, a new low for a half and five years.
The Bank of England (BoE) Thursday decided to keep its main interest rate, or Bank Rate, unchanged at 0.5 percent, despite speculation it would cut rates.
More than 3.84 million couples called their marriage off in China last year, a 5.6 percent increase from 2014, the Ministry of Civil Affairs said on Monday, the China News Service reported.
Jobless rate among South Korean youths recorded a higher June figure than any other readings of the same month in 17 years, a government report showed on Wednesday.
Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes from the Fed’s June policy meeting released on Wednesday.
A class action lawsuit against Fitbit may have grown teeth following the release of a new study that claims the company's popular heart rate trackers are "highly inaccurate."
With a dip in the rate for women as well and it still being relatively rare for children to be born out of wedlock in Japan, the figures point to a potential obstacle for Prime Minister Shinzo Abe's key policy of boosting the nation's low birth rate.
The U.S. Federal Reserve kept interest rates unchanged on Wednesday and signaled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years.
South Korea's central bank unexpectedly cut its policy rate by 25 basis points to 1.25 percent on Thursday, a day after the announcement to create 11 trillion-won (9.5 billion U.S. dollars) funds, mainly covered by the bank, to help restructure shipping and shipbuilding industries.
June is out. July might be too soon. The Federal Reserve’s next interest-rate increase is coming, but even September isn’t a sure bet.
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