Written by BEIJING—U.S. Commerce Secretary Gary Locke stepped up criticism of China’s moves to limit access by foreign companies to its massive government procurement market, even though it isn’t clear whether the U.S. has any legal means to force China to back down. READ MORE »
Posts in category US Economy
FOREX-Euro nears 4-year low as China reviews holdings
* China reviewing euro zone debt holdings — FT
* Euro sentiment negative; contagion risk remains in focus
* U.S. durable goods orders, new home sales rise in April (Updates prices, adds comment) READ MORE »
Euro Rises for Second Day on Speculation Short Traders Exiting
The euro rose against the dollar for a second day on speculation investors betting on a drop in the currency were forced to exit their trades as European sovereign- debt concern eased. READ MORE »
Euro Falls, Heads For Monthly Loss, on European Debt Concern
The euro declined, headed for a sixth monthly loss against the dollar, amid concerns European measures to reduce fiscal deficits and contain the region’s sovereign debt crisis will undermine the global recovery. READ MORE »
FOREX-US jobs gain boosts dollar, Greek worries linger
* US employment grows at fastest pace in 4 yrs, boosts dlr
* Euro rebounds; G7 finance officials discuss Greece
* Euro on track for biggest weekly loss since Oct 08
* Sterling hits 1-yr low on uncertainty after UK vote (Updates prices, adds comment, US data, changes byline, dateline) READ MORE »