Yuan Revaluation: When, How, How much

The won rose five times as fast as China’s currency in the 12 months after officials in Beijing last relaxed the foreign- exchange regime in July 2005, data compiled by Bloomberg show. Singapore’s dollar climbed three times as much, the rupiah five times and Malaysia’s ringgit twice as fast.Chinese government has kept the yuan at 6.83 per dollar for the past 21 months to shield exporters from the global recession and a slump in world trade. The country...

Update on Greece Crisis

           The Greece Debt problem has a bit of breather for now at least if not for all. On April 11 the European governments offered debt-plagued Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates in a bid to stem its fiscal crisis and restore confidence in the euro. The borrowing costs in Greek surged to 11-year high recently. The package includes 30 billion euros...